Author: KMFSLLP

New package could help midsized groups excluded from Treasury’s Covid-19 schemes

A Russian state fund called on Thursday for promoting dialogue between Moscow and Washington, which is crucial in tackling the global spread of coronavirus, as Moscow stepped up diplomatic efforts on the global stage in fighting the infection.

Coronavirus lockdowns might have caught a lot of people by surprise last month, but with April's new billing cycle, it is time for cash-strapped Americans to rethink automatic spending habits.

Pacific Investment Management Co (PIMCO), one of the world's largest investment firms, told clients on Thursday the coronavirus outbreak is likely to cause a short and severe recession, and that the risk of a slow recovery or a relapse will keep its investment strategy defensive for the time being.

One of the world's biggest recruiters, Hays, raised about 200 million pounds ($248 million) via a new share issue on Thursday, seeking to prop up its finances in the face of an expected collapse in fees due to the coronavirus.

Russian businessman Oleg Tinkov, the founder of TCS Group on Thursday announced his intention to step down from the board of Tinkoff Bank in order to focus on his health, after being diagnosed with acute leukaemia in October.

Goldman Sachs Group Inc Chief Executive David Solomon said Thursday Goldman is committing $250 million from its balance sheet to community development financial institutions so they can make loans to small businesses hurt by the coronavirus pandemic.

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France and Spain cut services while UK, Germany and Italy run operations as normal

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon has returned to lead the largest U.S bank, after recovering from recent heart surgery, according to an internal memo to employees seen by Reuters.

Global financial regulators said on Thursday they are in talks with governments to allow key staff at financial firms to work on site during the coronavirus epidemic to keep markets open.