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Prices for major term loans issued by operators such as Marriott International, Hilton Worldwide and Caesars Entertainment have fallen in recent weeks as investors grow worried about the impact of the COVID-19 outbreak on global tourist and business travel.
The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.
Where some see unacceptable risk, others are eyeing bargain airplane tickets.
Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.
Banks may be protected from a direct hit, but they have invested in vehicles that include such loans, potentially exposing them to defaults.
Congressional offices may decide to minimize or ban face-to-face meetings as virus concerns grow.
The commonwealth plans a $268 million GO sale two days after Gov. Charlie Baker declared a state of emergency.
Anything that heightens fear and anxiety is a boon to online scammers, which is what makes the current coronavirus pandemic prime time for cybercriminals to try and trick people into giving their money away to the wrong people.
Investors fear the coronavirus may end the bear market. We check in with dealmakers from Riverside, Merrill Corp. and Paul Hastings about the potential impact on mid-market M&A. In deal news, Pepsi buys Rockstar to expand energy drink line.
Establishing a plan and communicating it clearly is essential to transitioning employees to remote work.















