CFOs anticipate a slow recovery as COVID-19 weighs on risk appetite
by Ben Poole
Deloitte's latest CFO Survey finds two-thirds expect capex to decrease in the next three years due to the COVID-19 pandemic or Brexit.
COVID-19
Background
The COVID-19 coronavirus pandemic has triggered the biggest global financial crisis in over a decade. In the financial services world, it has caused regulatory deadlines to be pushed back, while the…
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FTSE 350 companies issue record levels of profit warnings
by Ben Poole
33% of the UK’s listed companies issued a profit warning in the first half of 2020, according to an EY report.
Asian corporates prioritise operational agility and flexibility in post COVID-19 world
by Ben Poole
A Standard Chartered survey finds 70% of mid-size firms prioritise operations on the road to recovery.
COVID-19 has companies turning to bank deposits
by Ben Poole
The 2020 AFP Liquidity Survey finds financial professionals unsurprisingly prioritising safety as they brace for uncertain times ahead.
Businesses divided on implications of COVID-19 crisis for company ethics
by Ben Poole
90% believe that disruption, as a result of COVID-19, poses a risk to ethical business conduct.
Extent of UK COVID-19 business support revealed
by Ben Poole
Through schemes such as CCFF and CBILS, lenders have pumped billions of pounds into UK businesses.
CFOs optimistic on safety as lockdowns lift
by Ben Poole
As work sites slowly start to reopen, a PwC survey finds CFOs optimistic they can keep customers and employees safe.
Hardest hit sectors revealed, as German stimulus package announced
by Ben Poole
Real estate, hospitality and ICT are the sectors hardest hit by late payment in the UK.
China’s SMEs facing cash flow problems
by Ben Poole
Research from Ping An highlights the prolonged effect the COVID-19 pandemic is having on company finances.
Mastercard initiative to inform business and government economic response efforts
by Ben Poole
The firm's Recovery Insights tools and research aims to provide data analysis to help companies and governments bounce back from COVID-19.
ECB sounds COVID-19 financial stability warning
by Ben Poole
The pandemic has greatly amplified existing vulnerabilities of the financial sector, corporates and sovereigns.
Fitch makes further economic forecast cuts, but global recession bottoming out
by Ben Poole
The ratings agency believes the slump in global economic activity is close to reaching its trough.
COVID-19 and the impact on digital payments
by Ben Poole
Two new reports consider the effect that the pandemic is having on cash and payments behaviour.
Can the pandemic be a catalyst for global trade digitisation?
by Ben Poole
Temporary concessions to digital trade instruments during the pandemic offer a tantalising glimpse at what could be.
Early impact of COVID-19 on European banks revealed
by Ben Poole
Deutsche Bank research shows the European banking sector suffered mild revenue and cost losses, but loan loss provisions spiked.
Payments Update: Rows and new technologies drive the industry forward
by Jack Large
Payment card rows continue; new technologies and processes are used to fight COVID-19
COVID-19 rapidly reshaping banking and payments behaviours
by Ben Poole
New data from FIS shows 45% of Americans have changed the way they interact with their banks since the coronavirus outbreak.
What does COVID-19 mean for the climate change battle?
by Ben Poole
Two new research reports explore the impact the pandemic is having on efforts to tackle climate change.
Hiring and IT spend on the corporate chopping block
by Ben Poole
COVID-19 is forcing finance departments to make some tough spending cuts, according to Gartner research.
The fundamental question for your CEO: What is your transition plan to reach net zero?
by Jack Large
Two sessions at the ACT’s virtual International Treasury Week showed that climate change is the no. 1 problem not the COVID-19 pandemic
Financial professionals predict painful recovery
by Ben Poole
AFP survey predicts the crisis lasting three quarters or more, Gartner data reveals lack of CFO planning for second wave of COVID-19.
Citi show digital channels and increasing digitisation are pivotal in continuity of business
by Jack Large
Digital onboarding for Citi’s institutional clients expanded to 37 Countries in all regions and shows working remotely is no barrier
Instant payments to free up liquidity in Denmark
by Ben Poole
The country's Export Credit Agency and Tradeshift have partnered to unlock liquidity in the supply chain.
UK emergency loan schemes under pressure as new lenders added
by Ben Poole
Allied Irish Bank, The Co-operative Bank and Starling Bank are to join existing Bounce Back Loan Scheme accredited lenders.
COVID-19 links
Fitch: Coronavirus Impact Research Highlights
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The end of cheap money - TREASURY NEWS - OpenTreasury Podcast #47
This week's top stories in Treasury & Cash Management.