Month: February 2020

How to Handle Coronavirus Market Meltdown: Advice from the Pros

Private Finance – How to Handle Coronavirus Market Render down: Advice from the Pros
 

Is there a scarier word than “endemic”? In addendum to the human toll, the coronavirus diffusion around the world is also sickening supply chains and denting GDP growth. The Kiplinger Letter is forecasting a realistic, worst-case scenario wherein fiscal growth is cut in half, to a touch like 1.6% this year. (See How Hard Will Coronavirus Hit U.S., Global Economies?)

No wonder stock markets are in a spiral. What should investors do?

We reached out to the fiscal planners who say to our Wealth Foundation channel to find out what they’re telling uncommon types of clients. Here is what they had to say.

SEE ALSO: Coronavirus Infects Global Markets

Kiplinger Private Finance – https://www.kiplinger.com/slideshow/investing/T038-S014-pro-tips-for-usage-coronavirus-market-render down/index.html

Citigroup expands virus restrictions, curbs meeting travel

Banking News – Citigroup expands virus restrictions, curbs meeting travel
&nbspThe bank added Italy to the list of countries off-limits to employees after restricting travel to and from Asia for the last several weeks.
Union Banking – https://www.americanbanker.com/articles/citigroup-expands-virus-restrictions-curbs-meeting-travel

Fee Rate Advisory #3 For Fiscal Year 2020

Banking News – Fee Rate Advisory #3 For Fiscal Year 2020
&nbspPursuant to Section 31(j)(2) of the Securities Chat Act of 1934, the Fee has single-minded that a mid-year adjustment to the Section 31 fee rate for fiscal year 2020 is not vital. These adjustments do not frankly affect the amount of…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2020-49

Bankers come to grips with coronavirus impact

Banking News – Bankers come to grips with coronavirus impact
&nbspWith health organizations warning of a global rash, banks are early to assess the risks to their bottom lines.
Union Banking – https://www.americanbanker.com/news/bankers-coming-to-grips-with-coronavirus-impact

Warren queries large banks on their coronavirus planning

Banking News – Warren queries large banks on their coronavirus schooling
&nbspThe Massachusetts senator and presidential entrant sent a letter to CEOs of five of the largest U.S. banks asking about their response to the rash.
Union Banking – https://www.americanbanker.com/news/elizabeth-warren-queries-large-banks-on-their-coronavirus-schooling

SEC Charges Cardinal Health With FCPA Violations

Banking News – SEC Charges Central Health With FCPA Violations
&nbspThe Securities and Chat Fee today announced that Ohio-based pharmaceutical company Central Health, Inc. has agreed to pay more than $8 million to resolve charges that it debased the books and records and domestic accounting reins…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2020-48

JPMorgan shifts scores of workers to mortgages to handle boom

Banking News – JPMorgan shifts scores of workers to mortgages to handle boom
&nbspDemand for home loans has been strong in recent months and is probable to boost coronavirus fears push rates lower.
Union Banking – https://www.americanbanker.com/articles/jpmorgan-shifts-scores-of-workers-to-mortgages-to-handle-boom

Wells in N.Y. state of mind, coronavirus, election 2020: Top stories of the week

Banking News – Wells in N.Y. state of mind, coronavirus, appointment 2020: Top tales of the week
&nbspHow New York became Wells Fargo’s new center of power; banks walk fine line in preparing for a coronavirus rash in U.S.; bankers on Bernie’s electoral chances and whether a Sanders government would pose a threat; and more from this week’s most-read tales.
Union Banking – https://www.americanbanker.com/list/wells-in-n-y-state-of-mind-coronavirus-appointment-2020-top-tales-of-the-week

How Hard Will Coronavirus Hit U.S., Global Economies?

Private Finance – How Hard Will Coronavirus Hit U.S., Global Economies?
 COVID-19 poses serious risk of fiscal hurt, maybe even a depression, even as its health impacts will be limited.
Kiplinger Private Finance – https://www.kiplinger.com/article/affair/T019-C000-S010-how-hard-will-coronavirus-hit-u-s-global-economies.html

Coronavirus Infects Global Markets

Private Finance – Coronavirus Infects Global Markets
 Daily updates about the COVID-19 virus are rattling investors’ nerves the world over.
Kiplinger Private Finance – https://www.kiplinger.com/article/investing/T038-C000-S002-coronavirus-infects-global-markets.html

13 Stock Picks Getting Hit by Coronavirus Fears

Private Finance – 13 Stock Picks Getting Hit by Coronavirus Fears
 

The COVID-19 coronavirus is making its way across the world. The rash started at the end of 2019 in Wuhan, China; it has killed roughly 2,500 people, infected more than 83,000 people overall and spread to nearly 50 countries, counting the U.S., since then.

The coronavirus has now passed the 2002-03 SARS and 2015 MERS outbreaks in scale, and that has triggered heavy selling: Stock indices around the world, counting here at home, have been sent into minor change territory. Copious stock picks are already in bear markets.

It’s no small worry. The SARS rash tallied 774 deaths across more than 8,000 cases over a six-month period, yet helped knock China’s GDP down from 11.1% in the first quarter of 2003 to 9.1% in the second quarter. The coronavirus’s essential the makings to disrupt the global economy is far worse.

This health issue is weighing on most stocks, but it’s cutting above all deep into a few point industries where the fiscal strain is already being felt. If there’s any silver lining, it’s that, like with SARS, this could end up being an chance to buy if not high-quality stocks at a money off for a the makings snap-back.

Here, we look at 13 stock picks that are being hammered by the coronavirus rash. These stocks might be best avoided until a clearer picture of the coronavirus’s eventual fallout develops. But they eventually might be exceptionally arresting buy-the-dip prospects.

SEE ALSO: 11 Best Stocks to Ride Out the Coronavirus Rash

Kiplinger Private Finance – https://www.kiplinger.com/slideshow/investing/T052-S001-13-stock-picks-getting-hit-by-coronavirus-fears/index.html

Bremer Bank says it’s not for sale. Its biggest investor begs to differ.

Banking News – Bremer Bank says it’s not for sale. Its largest shareholder begs to differ.
&nbspThe Minnesota bank is locked a bitter legal battle to maintain its independence. Its foe? The charitable establishment set up by its founder.
Union Banking – https://www.americanbanker.com/news/bremer-bank-says-its-not-for-sale-its-largest-shareholder-begs-to-differ

Antonia Chion, Associate Director of SEC’s Enforcement Division, to Retire After 32 Years of Service

Banking News – Antonia Chion, Normal Boss of SEC’s Enforcement Rift, to Retire After 32 Years of Service
&nbspThe Securities and Chat Fee today announced that Antonia Chion, an Normal Boss of the Rift of Enforcement in the Home Office, is retiring after 32 years at the agency.

During her three-decade tenure, Ms. Chion has overseen hundreds…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2020-47