Why the Global Recession Could Last a Long Time

Fears are growing that the worldwide economic downturn could be especially deep and lengthy, with recovery limited by continued anxiety. LONDON — The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic. Now, fears are...

9 charts showing what coronavirus is doing to the economy

Jobless claims are already at record numbers, and it’s getting worse. The coronavirus crisis in the United States quickly went beyond a public health emergency to become a dire economic threat. It’s not hard to see why. Coronavirus has led governments to urge...

BNY Mellon names interim head Gibbons as CEO

(Reuters) – Bank of New York Mellon Corp (BK.N) on Monday named interim head Thomas Gibbons as chief executive officer, effective immediately. Gibbons has been in charge at the bank since September 2019, after Charles Scharf left to take the top job at Wells...

Senior Wall Street Executive Dies of Coronavirus

The 56-year-old chief financial officer of investment bank Jefferies has died from the coronavirus, the firm said Sunday. He is the first senior Wall Street executive known to have succumbed to the disease, which has killed more than 30,000 people world-wide. The New...