Negative currency impacts on corporates jumped 31% in Q1
by Ben Poole
A Kyriba report has revealed the FX impact from the start of the COVID-19 crisis on North American and European corporate earnings.
Europe
UK businesses battered by COVID-19
by Ben Poole
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
by Ben Poole
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
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.
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.
Plans for a just transition to net-zero carbon emissions welcomed
by Ben Poole
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
by Ben Poole
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
by Ben Poole
The survey assesses the priorities of treasurers during the lockdown.
Swedbank doubles down on green bonds
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
Real estate, hospitality and ICT are the sectors hardest hit by late payment in the UK.
Trade credit crunch approaching for UK businesses
by Ben Poole
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
by Ben Poole
The SAMLIT effort will be piloted this year, with the goal of launching in 2021.
UK banks: managing through challenging times with regulatory encouragement
by Ben Poole
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
by Ben Poole
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
by Ben Poole
Credit terms remained broadly unchanged for almost all counterparties but are expected to tighten significantly the next reference period.
Economic bounceback possible in 2021?
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
The EU Green Deal seems to still be on track, while Mizuho has announced strict new ESG policies.