JPMorgan and Wells Fargo prepare for flood of defaults
Neither bank has yet seen a wave of loans go bad, but they are preparing for it as the economy plunges further
Neither bank has yet seen a wave of loans go bad, but they are preparing for it as the economy plunges further
Posted by Keith Gottfried and Sean Donahue, Morgan, Lewis & Bockius LLP, on Sunday, April 12, 2020 Editor's Note: Keith Gottfried and Sean Donahue are partners at Morgan, Lewis & Bockius LLP. This post is based on a
Central banks cannot play the same role they did in 2008 because they are addressing the financial repercussions of a shock to the real economy
Laxman Pai, Opalesque Asia: The concerns around the coronavirus outbreak in China and its subsequent crisis in several other nations are expected to have a large impact on the global economy, which is also hurting
Benchmark rate returns to record low to help cushion the UK economy against the impact of coronavirus
As the industry tried to come to grips with the full impact of the outbreak for the world economy, there was also some optimism
Company and government success will increasingly be defined by responses to climate change, privacy concerns, de-globalisation and population ageing
It is our job as voters to elect politicians who will act to restore true competition to companies and markets
The German economy could benefit from this surprise announcement, if it signals the end of the years of indecisiveness at the top
In this round-up, the Purchasing Managers’ Index reading for October points to steady recovery momentum for the Chinese economy, profitability improves at the country’s largest state-owned lenders, and Hong Kong seeks help from the World
World trade annual growth was only 13% faster than global GDP growth in 2010-19, leaving the world more vulnerable to all-too-frequent shocks
The most probable scenario for the global economy this year is growth, but it is more useful to identify which unlikely events would alter this
Fox’s 2019 research – which looked at the entire population of partnerships regulated by the Financial Conduct Authority – revealed that women make up only 14% of senior employees
Deal volumes in Italy were up 25% in 2019 year-on-year, with firms spending approximately €10bn on 161 transactions in 2019
Private Equity AUM as a share of US GDP was 5% in 2002 and 17% in 2018 which gives rise to many questions and concerns: Is this already too big for the economy? What about
With the completion of the Hong Kong-Zhuhai-Macau Bridge in late 2018, the Greater Bay area around Hong Kong and the South Chinese economy are starting to see dramatic changes in terms of ability to innovate
Black farmers in the US’s South— faced with continued failure their efforts to run successful farms their launched a lawsuit claiming that “white racism” is to blame for their inability to the produce crop yields and on
Black farmers in the US’s South— faced with continued failure their efforts to run successful farms their launched a lawsuit claiming that “white racism” is to blame for their inability to the produce crop yields and on
Black farmers in the US’s South— faced with continued failure their efforts to run successful farms their launched a lawsuit claiming that “white racism” is to blame for their inability to the produce crop yields and on
Black farmers in the US’s South— faced with continued failure their efforts to run successful farms their launched a lawsuit claiming that “white racism” is to blame for their inability to the produce crop yields and on
