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The British government is planning to buy equity stakes in airlines and other companies affected by the coronavirus pandemic, the Financial Times reported https://on.ft.com/2QypHcc on Saturday.

The British government is planning to buy equity stakes in airlines and other companies affected by the impact of coronavirus, the Financial Times reported https://on.ft.com/2QypHcc on Saturday.

Tighter budgets have created a system lacking resilience in times of crisis

Bankers say loan guarantees alone will not stave off collapse

Institutions forced to shut after government warnings on coronavirus

Two Republican U.S. senators defended themselves on Friday against heavy criticism, including calls that they resign, for selling large amounts of stock before the coronavirus-induced market meltdown and after closed-door briefings on the outbreak.

Goldman Sachs Group Inc Chief Executive David Solomon's total compensation rose by 19%, or $4 million, for 2019 compared with 2018, according to a regulatory filing released on Friday.

Wells Fargo & Co said on Friday it is suspending residential property foreclosure sales, evictions and involuntary automobile repossessions due to the coronavirus outbreak. The bank also said it is temporarily closing some branches, adjusting operating hours of other branches and relocating employees, while also increasing its charitable donations to $175 million.

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U.S. financial services firms and their staff must be designated as "essential" to keep markets functioning as more Americans stay home to mitigate the spread of the coronavirus, a leading financial industry trade group said on Friday.

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