As Iran surpasses half a million cases and more than 29,000 deaths as a result of the COVID-19 crisis, the US administration is adding new sanctions on a country that was already struggling to buy essential medicines.
Global banks and investors said they were stepping up their preparations for a victory by Democratic presidential candidate Joe Biden after his rival Republican President Donald Trump revealed he had tested positive for COVID-19 early on Friday.
A new investigation by the International Consortium of Investigative Journalists (ICIJ) says JPMorgan Chase & Co., Deutsche Bank AG and several global banks “kept profiting from powerful and dangerous players” in the past two decades even after the US imposed penalties on these financial institutions.
Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME said on Monday.
European banks are close to receiving capital relief on their holdings of sovereign debt as lawmakers bolster a package of measures intended to protect the industry from aftershocks of the coronavirus pandemic.
Iran called on South Korea to release billions of dollars of oil-export revenue, arguing that Seoul is buckling to pressure from the United States and illegally withholding the Islamic Republic’s funds.
South African banks face the steepest earnings slump in half a century — with some posting losses — as measures to curb the coronavirus drag the economy deeper into recession and lead to a surge in bad debts.