@peter_IFAMAG reads Twitter so you don’t have to.
Kevin Hollinrake MP hosted a discussion with Fintech leaders and Non Bank Lenders yesterday. The meeting covered how their customers may access bounce back loans.
Hollinrake also commented on the HBOS Reading Scandal, as new developments place Lloyds bosses in the spotlight over alleged mishandling.
Elsewhere Private equity giant Carlyle enlists Merrill Lynch and Morgan Stanley to advise on £3bn counter bid for Private Jet business.
Today, Sky News reveals, Ministers prepare to release roughly £800m in dormant assets held in bank and consumer finance accounts to funnel into community projects.
First, Elon Musk became the richest man on the planet this week. Tesla broke records as shares rose for 10 consecutive day, now 11.
Tesla higher for a 10th day, Bitcoin 40K, active option market, S&P 500, Dow, Nasdaq 100, Russell 2000 all at record highs
Welcome to 2021, @marketshttps://t.co/nLcK1uD2tO
— Sarah Ponczek (@SarahPonczek) January 7, 2021
Bitcoin continues to rally.
Bitcoin up 185% since this tweet. https://t.co/eTsA68VnEo
— Tracy Alloway (@tracyalloway) January 8, 2021
Many pundits remain trepidatious.
If you were around in the 80s and remember the Nikkei then you look at this and see how tiny that bubble was compared to the rest…. https://t.co/BfflJfdoUX
— Helene Meisler (@hmeisler) January 8, 2021
Adam Tooze shares staggering data showing transactions made by US retail investors.
"2020 will be known as the year that individual investors dove into financial markets and doubled down, even in the midst of a global pandemic, strapping in for a roller-coaster ride that sent stocks plummeting—and then skyrocketing—in record time.”https://t.co/ZJQSLHQjp0 pic.twitter.com/doSY7nOBU2
— Adam Tooze (@adam_tooze) January 7, 2021
Carlyle hires Merrill Lynch and Morgan Stanley to advise on £3bn counter bid for Signature Aviation.
Revealed: The buyout firm Carlyle has hired Bank of America Merrill Lynch and Morgan Stanley to advise it on a potential £3bn counterbid for Signature Aviation, setting up the prospect of a full-blown bidding war for the private jet services specialist. https://t.co/AqvDbxg0Tw
— Mark Kleinman (@MarkKleinmanSky) January 7, 2021
In the UK Fintech and Non Bank Lenders held a meeting to discuss their clients’ access to bounce back loans.
Key discussion with Fintech/Non Bank Lenders on how we give their customers access to Bounce Back Loans. Real concerns that tens of thousands of businesses will miss out on lifeline finance @APPGbanking pic.twitter.com/9kmTpyLIuc
— Kevin Hollinrake MP (@kevinhollinrake) January 7, 2021
The Sun revealed today the government prepares to bailout previously ineligible businesses in the face of new lockdown measures.
Up to 1m small firms ineligible for previous Covid bailouts could get help https://t.co/dj6S1tLWGB
— Kate Nicholls OBE (@UKHospKate) January 8, 2021
Meanwhile Ministers revealed to be preparing to release roughly £800m in dormant assets held in banks and consumer finance accounts and funnel that into community projects.
Revealed: Ministers are preparing to release roughly £800m in dormant assets held in bank and consumer finance accounts that will be funnelled to community projects and other causes. An announcement is expected from the Department for Digital, Culture, Media and Sport tomorrow.
— Mark Kleinman (@MarkKleinmanSky) January 8, 2021
And Finally City regulator asked to look at Lloyds mishandling of HBOS Reading Scandal. Check out this interesting thread featuring comments from Andrew Bailey, Bank of England Governor.
🤔Let's hope the FCA's "very limited powers" don't give #Lloyds a free pass as it did with Royal Bank of Scotland. https://t.co/ve1X7im6zL
— A. Otero (@JimaOteroA) January 6, 2021
APPG Banking share Hollinrake’s comments.
Our Chair @kevinhollinrake “It is unacceptable that four years after the criminal convictions, we are still fighting tooth and nail to get justice for victims. Unfortunately we are a long way from the finish.” @LloydsBank @TheFCA #HBOSReadingScandal https://t.co/9Q2T0kjt13
— APPG on Fair Business Banking (@APPGbanking) January 6, 2021
What are your thoughts on these tweets?
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