Tag: coronavirus

Activity, Insurance

WHO to Form COVID Insurance Scheme for Vaccine Side-Effects in Poor Nations

October 29, 2020

Via: Insurance Journal

BRUSSELS – A vaccine scheme co-led by the World Health Organization is setting up a compensation fund for people in poor nations who might suffer any side-effects from COVID-19 vaccines, aiming to allay fears that could hamper a global rollout […]

Activity, Trading

Dow sinks 800 points as investors fear rise in coronavirus cases could halt the economic recovery

October 27, 2020


U.S. stocks fell sharply on Wednesday amid concerns over the latest increase in coronavirus infections and its potential impact on the global economy. The Dow Jones Industrial Average dropped 803 points, or 2.9%. The S&P 500 slid 2.9% and the […]

Activity, Corporate Banking

HSBC beats estimates, reports 36% year-on-year fall in pre-tax profit for the third quarter

October 26, 2020


Hong Kong-listed shares of HSBC popped on Tuesday after third quarter profits beat market expectations. Europe’s largest bank by assets reported profit before tax of $3.07 billion in the July-to-September quarter, 36% lower than the $4.84 billion recorded a year […]

Activity, Insurance

Americans are ‘panic buying’ life insurance due to coronavirus pandemic

October 15, 2020


Life insurance is enjoying something of a renaissance as a result of the coronavirus pandemic. Consumers, especially younger adults, have been buying insurance in elevated numbers since the spring, when thousands of Americans began getting ill and dying from Covid-19. […]

Activity, Trading

U.S. stock futures rise after major averages snap four-day winning streak

October 13, 2020


U.S. stock index futures rose in early morning trading after the major averages registered their first day of losses in five trading sessions. Futures contracts tied to the Dow Jones Industrial Average advanced 53 points. S&P 500 futures and Nasdaq […]

Activity, Trading

Dow futures fall more than 200 points after Trump says he tested positive for coronavirus

October 1, 2020


Dow futures fell early Friday after President Donald Trump and first lady Melania Trump tested positive for coronavirus. Futures tied to the Dow Jones Industrial Average indicated an opening loss of more than 250 points, recovering a bit after earlier […]

Activity, Insurance

How to Get Travel Insurance That Covers Coronavirus

September 30, 2020

Via: TheStreet

Traveling now carries with it more uncertainty than ever before. If you plan on traveling anytime soon, one thing you can do to protect yourself is get a trip insurance policy that includes coronavirus coverage. Previously, many insurers excluded Covid-related […]

Capital and Risk, Operational

Financial organisations require a new cybersecurity “playbook” for the post-pandemic era

September 29, 2020

Via: FinTech Futures

In its report, Verizon reveals that the financial sector ranks fourth among all sectors (1,509 incidents), and at second overall just behind healthcare (448 breaches) in its analysis of more than 32,000 security incidents and 3,950 breaches. In addition, these […]

Activity, Corporate Banking

JPMorgan traders complain that bank doesn’t inform all staff of coronavirus cases at headquarters

September 23, 2020


Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned. When the bank discovered that an employee on the fifth floor of its Manhattan headquarters […]

Capital and Risk, Macroeconomic

Consumer sentiment index rises to 78.9 in September, highest level since March

September 18, 2020

Via: Market Watch

The University of Michigan said the preliminary reading of its U.S. consumer sentiment index in September was 78.9, up from 74.1 in the prior month. Economists polled by MarketWatch expected a reading of 75.9. The sentiment indicator covers how consumers […]