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The world after #coronavirus
The Financial Services Club Blog
LDuring this lockdown, it’s easy to get a bit down. The constant news of deaths and corona cases; the arguments between liberals and conservatives; the debate over whether the government acted early enough, fast enough, good enough; the rage over those breaking the rules and anger over those enforcing them; …

Why European banks expect fewer bad loans than American rivals
It may be a sign of weakness rather than optimism

Bank of England boss Bailey backs end of furlough scheme
UK economy is still set for worst performance in 100 years according to the UK's central bank.

High-cost lenders using 'exotic holidays' to encourage debt
Pictures of holidays and "nudge" tactics are being used to persuade people to get into greater debt.

Why stock markets are defying a shrinking economy
Some of the reasons shares are disconnected from the real economy.

Will Covid make countries drop cash and adopt digital currencies? | Kenneth Rogoff
Coronavirus has accelerated the shift away from banknotes – central banks must act fast to catch up As the Covid-19 crisis accelerates the long-term shift away from cash (at least in tax-compliant, legal transactions), official discussions about digital currencies are heating up. Between the impending launch of Facebook’s Libra and

Do Alipay and Tenpay misuse their market power?
Both dominate payments in China

Travelex falls into administration, with loss of 1,300 jobs
PwC says foreign exchange firm was ‘acutely impacted’ by Covid and recent cyber-attack Foreign exchange firm Travelex has collapsed into administration, with the immediate loss of more than 1,300 jobs. Advisory firm PwC has been appointed to carry out a complex restructuring deal and pre-pack administration, which allows buyers to