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07 Apr UPDATE 1-Fed officials agreed ‘forceful’ response to coronavirus outbreak was needed

Posted at 18:18h in News by KMFSLLP 0 Comments

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U.S. Federal Reserve officials, at two emergency meetings last month, grew increasingly concerned by the swiftness with which the coronavirus outbreak was harming the U.S. economy and disrupting financial markets, prompting them to take "forceful action", minutes of the meetings showed.

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07 Apr UPDATE 3-British bank bosses take pay cuts amid coronavirus fallout

Posted at 18:17h in News by KMFSLLP 0 Comments

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* Banks criticised for slow support to customers (Adds Lloyds confirmation)

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07 Apr UPDATE 2-Lebanon draft crisis plan sees need for $10 bln-$15 bln and depositor contribution

Posted at 18:17h in News by KMFSLLP 0 Comments

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* It says contribution from large depositors also needed (Adds government meeting on Wednesday)

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07 Apr UPDATE 5-Sanders drops out of U.S. election race, setting up Biden battle with Trump

Posted at 18:15h in News by KMFSLLP 0 Comments

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Bernie Sanders, a democratic socialist whose progressive agenda pushed the Democratic Party sharply to the left, ended his White House campaign on Wednesday, clearing the way for a Nov. 3 election battle between former Vice President Joe Biden and Republican President Donald Trump.

07 Apr UPDATE 4-Zoom hires former Facebook security chief to beef up privacy, safety

Posted at 18:13h in News by KMFSLLP 0 Comments

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Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash.

07 Apr UPDATE 2-NMC Health expects to be placed into administration as talks with lenders fail

Posted at 17:49h in News by KMFSLLP 0 Comments

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Healthcare company NMC Health said on Wednesday it expects to be placed into administration in due course, following weeks of uncertainty relating to its debt levels and undisclosed shareholder dealings.

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07 Apr Britain banks on youth to lead way out of lockdown

Posted at 17:45h in News by KMFSLLP 0 Comments

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Ministers discuss relaxing work restrictions and reopening schools after Easter

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07 Apr UPDATE 2-Fed modifying asset cap so Wells Fargo can make more small business loans

Posted at 17:39h in News by KMFSLLP 0 Comments

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The U.S. Federal Reserve said on Wednesday it would "temporarily and narrowly" modify the growth restriction on Wells Fargo & Co's balance sheet, allowing the bank to make more loans under government assistance programs for small businesses hurt by the coronavirus disruption.

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07 Apr Envision Healthcare cuts senior staff salary by 50% due to coronavirus outbreak

Posted at 17:31h in News by KMFSLLP 0 Comments

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Envision Healthcare Corp said on Wednesday it has cut senior staff salaries by 50% and plans other cost-cutting measures as the coronavirus pandemic puts pressure on the company.

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07 Apr UPDATE 1-Ireland boosts coronavirus liquidity support to 1 billion euros

Posted at 17:30h in News by KMFSLLP 0 Comments

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Ireland boosted its liquidity support available to firms reeling from the coronavirus lockdown of the economy to 1 billion euros on Wednesday and promised there was more to come.

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News

07 Apr UPDATE 1-Fed officials agreed ‘forceful’ response to coronavirus outbreak was needed

07 Apr UPDATE 3-British bank bosses take pay cuts amid coronavirus fallout

07 Apr UPDATE 2-Lebanon draft crisis plan sees need for $10 bln-$15 bln and depositor contribution

07 Apr UPDATE 5-Sanders drops out of U.S. election race, setting up Biden battle with Trump

07 Apr UPDATE 4-Zoom hires former Facebook security chief to beef up privacy, safety

07 Apr UPDATE 2-NMC Health expects to be placed into administration as talks with lenders fail

07 Apr Britain banks on youth to lead way out of lockdown

07 Apr UPDATE 2-Fed modifying asset cap so Wells Fargo can make more small business loans

07 Apr Envision Healthcare cuts senior staff salary by 50% due to coronavirus outbreak

07 Apr UPDATE 1-Ireland boosts coronavirus liquidity support to 1 billion euros

KM Financial Solutions LLP

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