The disease could lead to less lending business and more loan defaults; Sergio Ermotti will join the insurance company as chairman in 2021.
Something as simple as the sale of cheese can show how fear instantly affects the economy, disrupting trade and the transaction fees that processors rely on.
Policymakers could recommend banks establish backup facilities and the Federal Reserve could stand ready with emergency loans to limit economic shock waves.
Even as the virus forces companies and workers to accept the reality of remote work, many are complaining that that in reality, firms are simply not equipped or prepared to let employees work remotely.
The Association of Chartered Certified Accountants has released a paper examining the impact of the coronavirus, and how it is affecting economies around the world, including the U.S.
The municipal bond market is in for another action-packed week, with above-average issuance and COVID-19 still spreading rapidly.
The state's projected budget surplus was raised to $1.5 billion, but officials are cautious over risks of economic slowdown and the impact of COVID-19.
Clients blasted the company on social media for not being able to make trades.
Fears stemming from the coronavirus have resulted in lower mortgage rates and more business for now, but if the situation deteriorates further, consumers could decide to put off buying a home.
Policymakers may not wait until their mid-month meeting and could act with other central banks.