Today is a day of uncertainty for the American economy. Will more banks have to close, as Silicon Valley Bank did last week and Signature Bank did yesterday? How will financial markets react? What will the federal government do? And will the current turmoil prove to be fleeting — or turn into a true crisis? […]
By Huw Jones LONDON (Reuters) – The European Union’s markets watchdog has told stock and bond traders working offsite because the coronavirus has shut their trading floors to take notes if they can’t record telephone conversations with customers. Under EU law, traders must record calls when trading. But banks have shut down their main trading […]
By Stella Qiu and Jamie Freed BEIJING/SYDNEY (Reuters) – Foreign pilots at some Chinese airlines have returned to their home countries and are considering other jobs after being placed on unpaid leave as demand falls because of the coronavirus, affected flight crew told Reuters. Meanwhile, Chinese pilots with greater job security said their income has […]
