Good evening, There was plenty of chatter in banking circles across the weekend - but little of it was to do with deals. Instead, all the talk was about the banks and their coronavirus prevention plans, including things like splitting teams, sending traders to back-up sites and having advisory-type bankers work from home. Country heads spent plenty of time thinking about those matters over the weekend - and we hear there are some big meetings on Monday afternoon that could well ramp up the coronavirus prevention program. The bunkers are ready to go, and it seems to be a matter of when they're to be filled. The measures are all about protecting revenue for the banks at a time when MDs are already worried about their 2020 P&L. Law firms have their own preparations in train. We report on King & Wood Mallesons, which will have staff testing one of its measures this week. In terms of deals, we have an update on APA Group and CKI's latest face-off, while Challenger and some ex-MacCap bigwigs are throwing their capital into a $110 million fintech raising. Happy reading, Sarah, Anthony and Tim. |