Many of Mexico's top
banking and financial brass are under quarantine or having to
work from home after having attended an annual industry bash at
a Pacific getaway last week where at least one participant later
tested positive for coronavirus.
The U.S. Federal Reserve's
balance sheet reached a record $4.7 trillion this week and banks
grabbed cut rate loans from the central bank as efforts to blunt
the economic damage of a global health crisis took hold.
Taxable bond funds shed $55.9 billion
in the week to Wednesday, the largest weekly outflow on record
according to Lipper data dating back to 1992, as markets
continued to be roiled by the coronavirus pandemic.
sellers say the online retailer's abrupt decision to stop
receiving non-essential inventory in response to the coronavirus
pandemic could strangle the sales they need to make payments on
their Amazon loans.
JPMorgan Chase and Co will
temporarily shut about 1,000 bank branches, roughly 20%, to
protect employees and reduce the spread of the coronavirus,
according to a memo the bank sent to employees Wednesday.