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Doing digital with big banks
The Financial Services Club Blog
In the next few weeks Doing Digital, my newest book, will be finally live on Amazon and all good book stores. It’s the result of two years primary and secondary research and, to pay it its due, has been featured in many interviews with me recently. I’ll share many of …
Jeff Bezos sold $3.4bn of Amazon stock just before Covid-19 collapse
As trillions of dollars were wiped off stock markets some of the world’s richest got lucky C oronavirus – latest global updates See all our coronavirus coverage Millions of people across the world have lost their jobs, and trillions of dollars have been wiped off the value of stock markets.
Dozens of poorer nations seek IMF help amid coronavirus crisis
IMF’s Kristalina Georgieva says world has entered recession ‘as bad or worse’ than 2008-09 Coronavirus – latest updates See all our coronavirus coverage More than 80 poor and middle-income countries have sought financial help from the International Monetary Fund in recent weeks as they struggle to cope with the economic
ECB tells euro zone banks to skip payouts as virus hits economy
The European Central Bank told euro zone banks on Friday to skip dividend payments and share buybacks until October at the earliest and use their profits to support the economy as it is hit by the coronavirus pandemic.
'Hell is coming': how Bill Ackman's TV interview tanked the markets and made him $2.6bn
US hedge fund manager’s doom-laden TV appearance about coronavirus crisis sparked frenzied selling Coronavirus – latest updates See all our coronavirus coverage “Hell is coming,” the billionaire hedge fund manager Bill Ackman told millions of Americans in a 28-minute near-hysterical TV interview 10 days ago. He said the US was
U.S. regulators give banks relief on accounting standard, derivatives rule
U.S. banking regulators told banks Friday they could ignore the capital implications of a new accounting standard for two years and adopt early a new, more sensitive way to measure risk in a bid to ensure banks continue lending through the pandemic.
Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
The U.S. Federal Reserve's balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic.
U.S. banks borrow at discount window after Fed offers stigma relief
With encouragement from the Federal Reserve, U.S. banks have turned to a long-shunned lending facility known as the discount window to borrow $50.8 billion, according to data the central bank released on Thursday.


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