Posted at 21:41h
in
News
by KMFSLLP
German lender Deutsche Bank AG
is pausing future job cuts to give employees
additional certainty during the coronavirus outbreak, a company
spokesman said on Thursday.
...
Posted at 21:33h
in
News
by KMFSLLP
U.S.-based taxable bond funds saw a
record $62 billion outflow in the last week, while money also
fled stock and municipal bond funds as investors shaken by the
impact of coronavirus on financial markets moved into cash,
according to Lipper data.
...
Posted at 21:25h
in
News
by KMFSLLP
BlackRock, Credit Suisse and some other
big banks reckon it is time to get back into equities after
markets rallied this week following massive government and
central bank stimulus packages to fight fallout from the
coronavirus crisis.
Posted at 21:03h
in
News
by KMFSLLP
The U.S. Federal Reserve's balance
sheet rocketed past $5 trillion in assets for the first time
this week as it scooped up bonds and extended loans to banks,
mutual funds and other central banks in its unprecedented effort
to backstop the economy in the face of the global coronavirus
pandemic.
Posted at 21:00h
in
News
by KMFSLLP
Brazilian markets rallied on
Thursday after a $2 trillion U.S. stimulus package boosted
investor sentiment around the world, putting stocks on course
for their biggest weekly gain in four years and the currency on
track for its best week this year.
...
Posted at 20:59h
in
News
by KMFSLLP
Experts say package is generous for those on modest incomes but tough on some others
...
Posted at 20:58h
in
News
by KMFSLLP
Big banks are postponing decisions
about staff cuts as the coronavirus hits their businesses hard,
with executives saying they are unsure how long the outbreak
will hurt the economy and worried about being unprepared if
business suddenly snaps back.
Posted at 20:56h
in
News
by KMFSLLP
With encouragement from the
Federal Reserve, U.S. banks have turned to a long-shunned
lending facility known as the discount window to borrow $50.8
billion, according to data the central bank released on
Thursday.
...
Posted at 20:43h
in
News
by KMFSLLP
British lenders agreed on
Thursday to give all homebuyers the option of extending mortgage
offers by three months after the coronavirus outbreak brought
the housing market to a near standstill.
...
Posted at 20:23h
in
News
by KMFSLLP
Concerns over coronavirus prompt high street to chain suspend operations at ecommerce unit
...
