The downgrade brings Fitch into alignment with Moody's and S&P, and the negative outlook leaves Illinois without any rating room above speculative grade.
Payments unicorn Stripe contends it has the financial power to apply its technology to coronavirus medical care, remote telework, business funding, and easier onboarding for companies that have been suddenly thrust into an internet existence.
New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.
Businesses need strong predictive analytics to prepare for the way back.
With coronavirus decimating the state's dominant industry of tourism, Moody's dropped Hawaii's rating outlook to negative.
Nearly everything fell during the difficult first quarter: net income, advisory assets, IRA assets, and advisor headcount.
Though hopeful for a second-half bounceback in the economy, JPMorgan Chase is prepared for 20% unemployment, lackluster GDP and losses in its loan portfolio that could reach tens of billions of dollars.
Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.
Republicans balked at measures like an overdraft fee ban and interest rate cap in the recent stimulus bill, but Sen. Sherrod Brown, D-Ohio, isn’t done trying to add such proposals to future relief packages.
By helping borrowers now, banks hope customers can quickly catch up on payments once the coronavirus pandemic ends. If they can’t, interest income will remain low and charge-offs could pile up if the crisis drags on.