COVID 19 : the fallout

On a financial matter, I have spent this week trying to spread the risk of my company's cash reserves getting caught up in a banking collapse.
You have no idea how difficult it is to persuade fiancial institutions to accept hundreds of thousands of euros on deposit.
" Sorry, you're in the wrong sector " " We can't open an account because we can't risk our staff checking your AML documentation in person - we'll see you after the crisis " " Your local branch is closed and you can't come into the city to open one at the main branch. "
It almost like the internet never existed.
 
Dan O Brien was on Brendan O Connor show this morning on radio talking about the very deep economic recession coming and wanting business people involved in the decision making process with regard to opening up the economy rather than just medics.

He made a very interesting point that nobody has made before, there was very little information on the 1918 spanish flu in the history books it was a mere footnote in the total 20th century events. Although there has been alot of retrospective importance put on it in the light of todays events. However the effects of the stock market crash of 1929 and the resulting economic depression were long lasting resulting in the ascent of Hitler and Stalin and the second world war which framed the rest of the 20th century.
 
You must log in or register to reply here.
Back
Top