So we’re *probably* really quibbling about an extended V-shaped recovery versus a protracted U-shaped recovery. This sort of thing is IMHO hard to factor into short-term market moves/noise. Personally I still think the lockdown/recession is likely to be worse/more disruptive than many expe...
“Banks have been told that relying on a small number of external suppliers could put financial stability at risk, sounding a warning months after the collapse of German payments provider Wirecard had a knock-on effect on British fintech firms… “”A major disruption, outage or...
and Wirecard is the most recent example. Carillion, BHS, Thomas Cook, Patisserie Valerie, and many other companies had each received certificates of good financial health from their respective auditing firms just before collapsing. Therefore, the inadequacy of the auditing sector in carrying out its...
the escalating trade war between the United States and China affecting many other countries, the migration and COVID-19 crises, creeping military conflicts, the ever-more deciphered and publicly discussed business scandals (Wirecard, security fraud by Chinese-based companies such as Luckin, Archegos...