Coronavirus - COVID-19
The Worst Might Be Over for Stocks, JPM Says
Despite a chorus of skepticism, the bank lays out how the market may have stabilized—with caveats, of course.
Tag: Citigroup
Risk
Virus Outbreaks Harm Stocks, Just Not on Tuesday
S&P 500, aside from yesterday’s rally, has dipped up to 13% due to epidemics, Citi says.
Why Lower Interest Rates Aren’t Hurting Bank Stocks
Normally, their profit potential would go straight into the garbage. But not now.
Newsmakers
Banks’ Pledge to Fight Climate Change Isn’t Universally Lauded
Environmental groups criticize pact as a P.R. stunt that masks their un-green activities.
European Commission Fines Banks €1 Billion for Currency Rigging
Barclays, RBS, Citigroup, JP Morgan, and MUFG allegedly participated in forex cartels.
Market Moves
A US-China Pact Would Boost Commodities, Citi Says
Recovery in raw materials should persist if an expected end to the trade tiff comes.
Deutsche Bank Names New CFO
Citigroup’s von Moltke to join the firm in July, and lead intensive cost-cutting efforts.