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News

16 Apr Former Carige CEO frontrunner for head of Monte Paschi – sources

Posted at 17:13h in News by KMFSLLP 0 Comments

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Former Carige CEO Guido Bastianini is the frontrunner to become the new head of lender Monte dei Paschi di Siena as the nomination process at key state-controlled companies comes to an end, two government sources told Reuters on Friday.

16 Apr Retailers fear pain will last beyond the end of lockdown

Posted at 17:12h in News by KMFSLLP 0 Comments

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Chains prepare for more pressure as government support will ease but demand will not recover

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16 Apr UPDATE 1-Canadian banks have processed 670,000 mortgage deferrals in first month

Posted at 17:11h in News by KMFSLLP 0 Comments

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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the COVID-19 outbreak, the Canadian Bankers Association said on Friday.

16 Apr Furlough scheme extended to prevent mass UK job losses

Posted at 17:06h in News by KMFSLLP 0 Comments

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Companies had warned of major lay-offs this weekend without further help

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16 Apr Bailey backs forecast of big UK economic downturn

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BoE governor endorses fiscal watchdog’s estimate of 35% drop in output since virus lockdown began

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16 Apr NYSE and Nasdaq challenger MEMX delays launch due to coronavirus crisis

Posted at 16:58h in News by KMFSLLP 0 Comments

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The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.

16 Apr UPDATE 2-GE aircraft leasing unit cancels 69 737 MAX orders

Posted at 16:52h in News by KMFSLLP 0 Comments

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General Electric Co's aircraft leasing subsidiary on Friday canceled 69 orders for Boeing Co's grounded 737 MAX jets as it evaluates its order book during the coronavirus pandemic, the latest setback for the U.S. planemaker.