Tag: coronavirus crisis

Activity, Investment Banking

Wells Fargo profits jump nearly sevenfold amid signs of economic recovery

April 14, 2021

Via: Banking Dive

The San Francisco-based lender expressed optimism that a bounce back of the American economy is starting to show results. “Our results for the quarter … reflected an improving U.S. economy, continued focus on our strategic priorities, and ongoing support for […]

Capital and Risk, Macroeconomic

Joe Biden will have a long list of economic fixes to make: Experts say these are the top 3

November 11, 2020

Via: Aol

Economists and market analysts say that when President-elect Joe Biden takes the oath of office in January, he will inherit a battered economy. While most metrics of economic activity have risen from the record-shattering lows they hit in March and […]

Capital and Risk, Macroeconomic

Retail sales plunge a record 8.7% in March as coronavirus crisis freezes U.S. economy

April 15, 2020

Via: Market Watch

The onset of the coronavius pandemic triggered a record 8.7% slump sales at U.S. retailers in March as large swaths of the economy shut down — and there’s no light at the end of the tunnel. Sales fell for the […]

Activity, Trading

Stock markets decline as coronavirus crisis worsens

March 24, 2020

Via: Banking Technology

The US S&P 500 fell more than 3% in late-morning trading, alongside a similar decline in the Dow Jones Industrial Average. US Treasuries whipped around but by late morning the Fed’s promised buying spree appeared to be having an effect […]