@peter_IFAMAG reads Twitter so you don’t have to.
Big four accounting firms under fire once again. KPMG ‘helped’ buyout fund dump £100m Silentnight pensions liabilities. Meanwhile, two Chinese state-owned businesses default on their bonds.
Firstly, Bitcoin continues to climb in price.
— jeroen blokland (@jsblokland) November 17, 2020
UK pubs, bars, and restaurants will pay $500m ‘just to stay closed.’
NEW: Pubs, bars and restaurants will burn through £500m in November ‘just to stay closed’.
UK Hospitality boss Kate Nicholls tells @CommonsBEIS: 'Our businesses never came out of restrictions. Lockdown 2 means hospitality has gone from a precarious position into intensive care.'
— Tom Witherow (@TomWitherow) November 17, 2020
Andy Bruce shares two footnotes from Andrew Bailey’s speech today.
Couple of footnotes from the Andrew Bailey speech just published:
a) scarring can happen without structural changes to economy
b) new business models resulting from pandemic doesn't necessarily mean better productivity growth pic.twitter.com/JBccPdpK2P
— Andy Bruce (@BruceReuters) November 17, 2020
Tabby Kinder shares another Big Four auditor scandal.
The second time this year a Big Four firm has faced serious accusations about who it was *really* working for during an administration:
KPMG ‘helped’ buyout fund dump £100m Silentnight pensions liabilities
— Tabby Kinder (@Tabby_Kinder) November 16, 2020
Finally, China credit worries worsen as two state-owned companies default.
China's debt market is now on contagion watch after two prominent state-owned companies — a top chipmaker and a major car manufacturer — said they're defaulting on their bonds. https://t.co/jo9DsjddOY
— Tracy Alloway (@tracyalloway) November 17, 2020
What are your thoughts on these tweets?
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