FILE PHOTO: A Tesla logo is seen in Los Angeles

Australian banks well capitalized to withstand virus disruption

By Paulina Duran and Swati Pandey SYDNEY (Reuters) – Australian banks are well capitalized to withstand the disruption caused to financial markets from the coronavirus outbreak, a senior central banker said on Wednesday as the country’s banks met with the Treasurer. Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle said the country’s lenders had […]

Big banks reassure staff about potential job cuts

By Elizabeth Dilts Marshall and Imani Moise (Reuters) – Big banks are postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back. Morgan Stanley <MS.N>, Goldman Sachs Group […]

After jolt, investors still see stocks as long-term bet

NEW YORK (Reuters) – An interruption to a searing rally gave a jolt to equity investors who had been getting used to weeks of steadily rising U.S. stocks. But long term, even with the rocketing valuations that equities have commanded and the risk of another fall, investors say stocks would still be a winning bet. […]