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Morgan Stanley profit plunges as dealmaking hit by pandemic
Morgan Stanley posted a 32% fall in quarterly profit as its advisory and wealth management businesses took a hit from the economic fallout of COVID-19
BlackRock assets, profits sink as investors pull funds
The world’s biggest asset manager BlackRock Inc saw the capital it manages fall by almost $1 trillion in the first quarter.
Fed's Kashkari says major U.S. banks should raise $200 billion in capital
Big U.S. banks should raise $200 billion in capital right now and stop paying dividends to prepare for a deep economic downturn due to coronavirus.
Coronavirus could trigger biggest fall in carbon emissions since World War Two
CO2 emissions could fall by the largest amount since World War Two this year as the coronavirus outbreak brings economies to a virtual standstill.