Employers should outline policies about teleworking, travel and sick leave and monitor recommendations from the CDC and health officials.
Given the possibility of a nationwide outbreak, the time is now for credit unions to take steps to protect themselves and their members.
The bank agreed to pay $35 million to settle SEC charges it recommended high-risk ETFs to some customers; coronavirus fears continue to batter financial shares.
“Stocks and bonds say we’re doomed,” said Chris Rupkey, chief financial economist for MUFG Union Bank.
The San Francisco bank has revised its guidance downward, while also cautioning that an outbreak of the coronavirus could take an even bigger bite out of profits in 2020.
Municipal market technicals were already driving performance and so the strong quality bid has deepened the rally across the curve as the asset class really didn’t need to grab the U.S. Treasuries coattails all that tightly.
Establishing protocols before you face a public health emergency can mitigate stress and panic.
Goldman Sachs warns that U.S. businesses will not see earnings growth in 2020, as a result of the coronavirus. We check in with dealmakers on the potential impact on mid-market M&A. Arsenal buys healthcare search and communications firm. Audax, HarbourVest and Genstar named top three most active PE firms in U.S. deals.
Chris Mier, CFA of Loop Capital, says fiscal policy needs to achieve more at present and believes we are at a comfortable point in the credit cycle. Despite that conviction, he says the coronavirus will serve to slow growth. John Hallacy hosts.
As the COVID-19 virus spreads globally, many U.S. financial institutions are said to be taking steps to protect employees and minimize disruption. But only a handful are sharing specifics, to avoid contributing to any public panic.