“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...
Another thing scientists can agree on is that destruction of the natural world makes it more likely that new viruses will emerge and spill over into human populations. Cutting down forests, planting single-crop plantations for palm oil and operating large livestock farms can all increase human cont...
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...
The frequency of audit failure—seemingly without warning signs—has increased in recent years, 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 ...