The Telepgraph reports that the Treasury is preparing contingency plans to take emergency stakes in companies threatened with collapse by the coronavirus. Opening paragraphs It is understood that it has approached a City figure who has worked for the Government before to lead a “bailout taskforce” which would inject vital funds into potential corporate casualties in return for equity stakes. A senior City source said: “This is work all night, sophisticated stuff, and as and when it moves it will have to move incredibly quickly. In three or four weeks’ time they will be deluged.” The leader of the group is expected to bring in a team from top investment banks and be “ready to sit down and do deals”. “A couple of calls have gone out from the Treasury and it will be done very quietly,” the insider said. “This is going to be bloody hard work, it’s not a sinecure. There will be a lot of pressure, and stewards’ inquiries afterwards.”… GBP/USD update GBP/USD: Death cross pattern, rising cases, and evidence of economic damage all point down FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next COVID-19 Updates: A crucial week ahead for the debacle FX Street 2 years The Telepgraph reports that the Treasury is preparing contingency plans to take emergency stakes in companies threatened with collapse by the coronavirus. Opening paragraphs It is understood that it has approached a City figure who has worked for the Government before to lead a “bailout taskforce” which would inject vital funds into potential corporate casualties in return for equity stakes. A senior City source said: “This is work all night, sophisticated stuff, and as and when it moves it will have to move incredibly quickly. In three or four weeks’ time they will be deluged.” The leader of the group… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
