Covid revealed that compliance is broken — now let’s build back better November 17, 2020 We’ve all been a little lonely during lockdown, but a word to the wise — if a new match on a dating site asks you to transfer some money to them, don’t do it. It’s probably a fraudster. Professional money launderers have been getting creative during the pandemic. With the usual avenues closed to them, [...]
Cabinet confidential: Who will Joe Biden pick as the next US Secretary of the Treasury? November 16, 2020 President-elect Joe Biden has made it clear he wants his government to “actually look like America”, with pundits expecting the most diverse cabinet ever assembled. Speculation is rife Biden will appoint female and Bame candidates to top cabinet roles, including to Secretary of the Treasury and Secretary of State. The former Vice President will have [...]
BoE’s Cunliffe: ‘Not our job’ to protect banks from digital currencies November 13, 2020 Bank of England deputy governor Jon Cunliffe has said it is not the bank’s job to protect other banks from the impact of future digital currencies. Speaking an on online seminar today, Cunliffe said: “Our job is not to protect bank business models. Banks will have to adjust. Our job is to ensure that if [...]
The Mandalorian season 2 episode 3 review: S2E3 action and revelation in hit show November 13, 2020 *** SPOILERS AHEAD: If you haven’t watched the most recent episodes of The Mandalorian Season 2, look away now*** Thus far, The Mandalorian Season 2 has been about self-contained adventures, where the fun comes from the twists and turns in our hero’s path. This week was a bit more action packed, with some huge plot [...]
To the Moon November 13, 2020 Edging Higher The market continued to edge higher, with Bitcoin attempting to make its way through the congestion area between $16,000, $17,000- $17,150 zone based on 2017/18. Ultimately, the markets are looking to test all-time highs; so much so that resistance before that looks almost futile based on the current risk on sentiment. However, it [...]
Editorial: Business now has little to fear from Biden – so a victory for the rules can be toasted November 6, 2020 In the run-up to the UK election in 2019, this newspaper said that whether you agreed with Jeremy Corbyn’s (ruinous) economic plans or found granting Boris Johnson a free hand with Brexit too much to bear, that Corbyn and his Labour Party did not deserve your vote. The reason? The culture of unchecked anti-Semitism and [...]
With America divided, the spotlight once again falls on the Fed November 6, 2020 Amid the continued uncertainty of the US presidential election, one thing is clear: Joe Biden’s White House, should he secure victory in the coming days, will struggle to deliver its desired fiscal stimulus package through a Republican Senate. The US economy’s path through the Covid recession will therefore be shaped by the actions of a [...]
Eyes turn to the Federal Reserve as markets await US election result November 4, 2020 As markets nervously awaited the results of today’s chaotic presidential election, investors’ eyes turned to the US Federal Reserve’s meeting tomorrow. Traders were digesting the state of play so far, and seemed to think that the most likely outcome is a president who doesn’t have control of congress. It comes after President Donald Trump fared [...]
‘Markets got what they really did not want’: The City reacts to knife-edge US election November 4, 2020 Investors didn’t want this to happen. They had bet on a Joe Biden win in the US presidential election that they hoped would unleash a big stimulus, but found themselves rapidly adjusting their positions as the race became too close to call. Bonds and the dollar rose as investors sought safety. US stocks were volatile, [...]
How Blockchain works in daily life. The family Sunday roast November 2, 2020 There’s nothing quite like a Sunday roast with the family. In these extraordinary times, the occasion is perhaps even more precious, rare and cherished. Sitting on the train on the way to Hampshire, I wondered how blockchain might be working in the background to make my Sunday simpler, safer and more enjoyable. Everything would have [...]