UK business confidence rising, but remains negative overall
Business confidence rose for the third month in a row in the latest Lloyds Bank Business Barometer.
Europe
Nordics bouncing back
An economic outlook from Nordea has shown that the Nordic countries are seeing a good recovery from the COVID-19 downturn.
UK SMEs outperform Q2 expectations
Research from Barclaycard reveals an average revenue decline of 14%, compared to a predicted drop of 28%.
European short-term MMFs hold limited share of corporate commercial paper
A Fitch report shows that of European CP holdings of €88bn, only €12bn was issued by corporates.
Negative currency impacts on corporates jumped 31% in Q1
A Kyriba report has revealed the FX impact from the start of the COVID-19 crisis on North American and European corporate earnings.
UK businesses battered by COVID-19
Two new reports reveal that UK companies have felt a stronger impact from COVID-19 than companies globally.
IBM Cloud ramps up financial services presence
BNP Paribas, Bank of America, and MUFG Bank are among those to have furthered their relationship with the tech firm.
CFOs anticipate a slow recovery as COVID-19 weighs on risk appetite
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.
FTSE 350 companies issue record levels of profit warnings
33% of the UK’s listed companies issued a profit warning in the first half of 2020, according to an EY report.
Plans for a just transition to net-zero carbon emissions welcomed
The banking and finance industry has responded positively to recommendations for an environmentally sustainable future in the UK.
Eurozone banks break ground on the European Payments Initiative
The implementation phase of the EPI aims to create a new unified payment scheme and solution, as the ECB welcomes the development.
Cash flow forecasting importance highlighted in survey
The survey assesses the priorities of treasurers during the lockdown.
Swedbank doubles down on green bonds
The bank has published its Green Bond Impact Report 2019, while subsidiary Robur invests in Swedish Export Credit green transaction.
Deutsche Bank/BNP Paribas platform integration on track
BNPP hopes to position itself as a leader in alternative business for institutional investors and corporate clients.
Extent of UK COVID-19 business support revealed
Through schemes such as CCFF and CBILS, lenders have pumped billions of pounds into UK businesses.
Hardest hit sectors revealed, as German stimulus package announced
Real estate, hospitality and ICT are the sectors hardest hit by late payment in the UK.
Trade credit crunch approaching for UK businesses
40% of companies in the UK are currently facing over £10,000 in unpaid B2B invoices.
Banks and police team up to fight financial crime in Sweden
The SAMLIT effort will be piloted this year, with the goal of launching in 2021.
UK banks: managing through challenging times with regulatory encouragement
A report from Scope Ratings suggests that while revenues will suffer, UK banks' support of the economy will earn them regulatory support.
Early impact of COVID-19 on European banks revealed
Deutsche Bank research shows the European banking sector suffered mild revenue and cost losses, but loan loss provisions spiked.
ECB reveals early COVID-19 impact on securities and OTC derivatives
Credit terms remained broadly unchanged for almost all counterparties but are expected to tighten significantly the next reference period.
Economic bounceback possible in 2021?
A report covering EBRD regions sees economic contraction of 3.5% in 2020, but a 4.8% rebound in 2021.
Instant payments to free up liquidity in Denmark
The country's Export Credit Agency and Tradeshift have partnered to unlock liquidity in the supply chain.
European Commission ramps up fight against money laundering and terrorist financing
Its six pillar Action Plan aims to ensure that EU rules are more harmonised and more effective.