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Boris Johnson to announce plan to ease Covid-19 restrictions next week

The prime minister said the UK has passed the peak of the outbreak

Travelex owner Finablr uncovers $1.3bn in hidden debt

The debt is “materially above” what was reported for the group at the end of June 2019 and what had previously been disclosed to the board

Deutsche Bank names strategy chief as new Asia-Pacific head

Alexander von zur Mühlen played a key role in Deutsche's radical restructuring unveiled in July 2019

BlackRock taps Bank of England for global stewardship hire

Central bank heavyweight will take over from Barbara Novick, who had already announced her intentions to step down from her day-to-day role

Lazard CEO sees surge in restructuring work as Covid-19 drives down M&A 

Jacobs says stronger companies are likely to make acquisitions later in 2020, while crisis-related “structural shifts” like “travel, work and leisure activities” would lead to some consolidation

Carlyle posts first-quarter loss as pandemic hurts investments

The firm posted a net loss of $612m, or $1.76 a share, compared with a profit of $142.9m, or $1.18 a share, in the comparable quarter last year

ECB offers cheap loans to banks to lessen economic impact of virus

European Central Bank boosts firepower to contain the economic fallout from the coronavirus

Multi-asset fund Fulcrum ‘taking on more risk than normal’ to ride virus volatility

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The fund's CIO told Financial News that it's trading gold and currencies as it expects 'tough times ahead'

Fintech firms plead for Bank of England funding to help them lend to small businesses

Some non-bank lenders have been authorised under a government funding scheme, but challenges remain for smaller firms

Cash-hungry firms are turning to convertible bonds

Bonds that can change into stocks make up the biggest portion of equity fundraising since the financial crisis

WeWork troubles cause deeper loss at SoftBank

Japanese tech firm is reporting a bigger-than-expected hit to its profits from its investment in the office-sharing company

Treasury is ‘closely’ monitoring financial system for solvency issues during the pandemic

MP raised questions on the long-term impacts on the financial sector and flagged concerns over the solvency of the insurance sector

SocGen posts Q1 loss after weak performance at its investment bank

Like its peers the bank is putting aside provisions to deal with Covid-19

Amundi suffers ‘crisis-related outflows’ during first quarter

Assets under management at the Paris-headquartered fund manager fell to €1.53tn at the end of March, down from €1.65tn at the end of last year

New fund launches sink to 19-year low as asset managers move to ‘defence mode’

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The coronavirus fallout means firms are pouring resources into retaining existing assets rather than attracting new cash

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