Tuesday, 01 March 2022 - 60 Second Finance 1. You know thing | BankerX Broadcast

Tuesday, 01 March 2022 - 60 Second Finance

1. You know things are messy when Switzerland is no longer on the fence. Switzerland will adopt all the sanctions the EU has imposed on Russian politicians and companies and freeze their assets. The sanctions extend to Vladimir Putin, Prime Minister Mikhail Mishustin and foreign minister Sergei Lavrov, effective immediately.

2. Financial Stability Board, which makes recommendations to the G20 nations on financial rules, has stated that policymakers must act quickly in crafting rules covering the digital asset market. The market value of crypto assets such as bitcoin and ether grew from +-$350bn at the start of 2020 to $3tn in 2021 and currently sit at $2tn. Some say policymakers are cautious about drafting regulations regarding crypto due to its evolving nature, most say it's because they still have no idea what crypto is

3. What do you do as AerCap (world’s biggest airline lessor which has 154 planes leased to Russian customers, with an estimated value of $2.2bn that makes up 5% of the value of its global fleet? Watch this space, we're about to see yet another tango between ethics and revenue

4. Sandton City shoppers/the guys that just hang around outside the LV store are back. Annual turnover at Sandton City outpaced 2020 and 2019 turnover by 31.3% and 4.3% respectively, generating its highest ever annual turnover of R7.4 billion. Sandton City occupancies stands at 98.7%.

5. Ligue 1 (French football league) which is Europe’s fifth-largest by revenue, could sell 15% of a new company holding the media rights to the league to a consortium of private equity firms for €1.5bn. All of that just for Mbappe to leave the league anyway