Insights

The future of finance
Coronavirus is changing finance. American mobile-banking traffic grew by 85%, five years ahead of predictions, while online banks like PayPal and the Ant Group are booming.

…

1. Brexit
With just four days to go until Boris’ self-imposed cutoff date of the European Council Summit, it’s no surprise to hear ‘diplomatic sources’ explaining that “Negotiations will continue.

…

• Mnuchin spoke to Pelosi about a broad ranging relief package which President Trump wants agreement on
• Fed Kaplan said “Fed balance sheet growth needs to curtail” as the economy needs .

…

• Pelosi and Mnuchin discussed an airline relief bill, with broader negotiations being put on the back burner
• FOMC minutes showed the staff forecast assumed more fiscal stimulus this year; 

…

• President Trump tweeted he was calling off relief package talks with Democrats until after the election; then later tweeted he wanted “IMMEDIATELY” $25bn Airline Payroll Support,

…