How is Coronavirus impacting the financial world? Find out everything you need to know in our latest round-up…

 

Coronavrius: Emergency package to help workers with jobs and wages to be revealed

The chancellor is set to unveil an emergency package today to help workers whose jobs and wages could be hit by the coronavirus outbreak.

Coronavirus: Law and accountancy firms move to remote working in face of covid-19 pandemic

A string of big legal and accountancy firms have triggered emergency remote working plans this week, sending thousands of workers home as the coronavirus crisis rages.

Laura Ashley appoints PwC administrators

The company has appointed administrators from PwC, putting 2,700 jobs at risk, after struggling for several years.

Coronavirus credit crunch could make 2008 look like ‘child’s play’

A worldwide credit crunch triggered by the coronavirus will set in motion a wave of corporate bankruptcies that will make the global financial crisis look like “child’s play”, investors have warned.

Bank of England cancels stress test of banks over coronavrius

The Bank of England cancelled this year’s stress test of major banks on Friday and said it may be hard to implement new global capital rules on time given the focus now on lending to customers hit by coronarvirus.

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