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.
Europe
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.
UK emergency loan schemes under pressure as new lenders added
Allied Irish Bank, The Co-operative Bank and Starling Bank are to join existing Bounce Back Loan Scheme accredited lenders.
UK SMEs face £20bn HMRC furlough payments cash flow gap
An estimated 8 million salaries in the UK will be paid to furloughed employees every month between now and the end of June.
Ratings agencies assess the COVID-19 impact on European banks and corporates
Scope Ratings' outlook on European banks continues to show downside, while Moody's notes importance of industry sector for corporates.
ESG commitments pushing ahead in spite of COVID-19
The EU Green Deal seems to still be on track, while Mizuho has announced strict new ESG policies.
Starling Bank to support UK businesses through CBILS
The digital bank has been accredited by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme.
Nordea promises faster supplier payments
The move is designed to support its suppliers during the COVID-19 crisis.
Banking industry puts forward vision for future-driven EU payments market
Three European associations have published their vision for the EU retail payments framework.
COVID-19 halts Nationwide’s plans to enter the business banking market
The building society will be handing back the £50m RBS bail out fund grant it had received.
Sberbank and Google offer education for businesses to stay afloat
The duo are teaming up on a Business Class online tutorial programme.
18% of UK SMEs set to collapse within 4 weeks without government help
The Corporate Finance Network, which carried out the research, has proposed a recovery plan.