US ‘BIG SIX’ BANKS SHIVER IN LOCKDOWN

A cold blast from the ‘big six’ US banks opened US reporting season this week. By Thursday morning (16 April) five of America’s biggest banks – JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman Sachs – had already reported with results from Morgan Stanley...

UK BANKS FORCED TO MAKE CASH KING

Major UK banks including Lloyds, HSBC, Barclays, Santander, Standard Chartered and Royal Bank of Scotland have suspended their dividend payments in response to the coronavirus crisis. The UK Prudential Regulatory Authority (PRA) wrote to lenders on Tuesday (31 Mar)...

CRUISE LINES BOUNCE IN CHOPPY MARKET

Two of the world’s biggest cruise ship  companies have seen their share prices rocket  in recent days as investors speculating on  which operators will survive the downturn  threw rescue lines to both. On Friday (20 March) shares in Carnival, the  biggest US cruise...