Having your cake and provisioning for it: how CECL and IFRS 9 are fighting the last war
Accounting standards that make banks provision upfront for all expected loan losses are encouraging exactly what regulators don’t want to happen at this stage of the coronavirus crisis.
LightningAid comes to the rescue of the UK’s independent music scene
AIM turns on the cashflow to help the industry’s self-employed during the Covid-19 crisis With the UK in coronavirus lockdown, concerts, gigs and tours across the country have been cancelled, but it is not just audiences who are losing out. ...
‘It crushes me’: Dairy farmers struggle to survive Trump’s trade wars and declining milk demand
Nathan Chittenden carries a newborn calf at Dutch Hollow Farm in Schodack Landing, New York. “The last five years have been extremely rough for us dairy farmers,” he told CNBC. Emma Newburger / CNBC SCHODACK, N.Y. — Nathan Chittenden carefully...
Yen, Gold and Oil Jumps as Geopolitical Risks Cloud Markets
The financial markets took a roller-coaster ride as 2020 started with a bang. US stocks jumped to new record higher to celebrate new year. But sentiments took a great turn after abrupt escalation in Middle-East tensions. Safe-haven flows into Gold,...
Brazil banks ready for latest stress test
The financial fallout from the coronavirus in emerging markets is hitting Brazil hard, but the solidity – and profitability – of its banking sector is helping alleviate the pain. A recent report from Goldman Sachs highlighted the extent of Brazil’s...
Banking as a matter of life and death
Those of us who lived through the global financial crisis of 2007/08 and its aftermath never imagined we would experience anything like it again. As the coronavirus outbreak threatens the very fabric of our economies and our societies, we should...
Weekly Economic and Financial Commentary: Geopolitical Developments Ring in the New Year
U.S. Review Geopolitical Developments Ring in the New Year It was a light week for economic data in a shortened holiday week. But, news of President Trump ordering an airstrike in Iraq and killing a top Iranian military general resulted...
The Weekly Bottom Line: A Risk-Filled Start to the Year
U.S. Highlights It was a relatively light week on economic data. The merchandise trade deficit narrowed in November, suggesting some upside risk to real GDP growth in the fourth quarter. Still, activity in the manufacturing sector continues to come in...
Oil Market Week Ahead: Iran’s Possible Scenarios
More than any macroeconomic data scheduled for next week, the tone of trading will be set by what Iran does next after the assassination of Qassem Soleimani, the head of the Iranian Revolutionary Guard’s overseas forces on Friday. Iran has...
Gold – A Thing of Beauty
Many people look at Gold as a precious metal, beautiful and rare. Gold is sought after by the richest, most powerful, and most influential people in the world. It is tangible and finite, and therefore is used as a storage...
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