The main things investors
wanted to learn from first-quarter results by JPMorgan Chase &
Co and Wells Fargo & Co on Tuesday was just how
bad the coronavirus recession is going to get and how long it
will take to get back to normal.
Brazil's government on
Tuesday proposed the direct transfer of 40 billion reais ($7.7
billion) to states and municipalities to help compensate them
for the loss of revenue due to the coronavirus crisis, a counter
proposal to an 80 billion reais aid package approved by the
lower house of Congress on...
The administrators of troubled
hospital operator NMC Health said on Tuesday they had
replaced the company's board and asked its main lender, Abu
Dhabi Commercial Bank (ADCB), to lead a steering group to
discuss cutting its debt pile.
The novel coronavirus
outbreak has exposed "cracks" in the global financial system and
"will likely" see banks suffer both credit losses and market
losses that will test their reserves, the International Monetary
Fund (IMF) warned on Tuesday.
A dramatic jump in equity
dividend futures amid the continued rush of dividend cuts from
companies desperate to preserve cash is implying growing
confidence that shareholder payouts could make a comeback after
this year's drought.
Banks in the European Union
have strong enough capital buffers to weather the coronavirus
crisis but profitability remains weak and could suffer further
as the pandemic progresses, the bloc's banking watchdog said on