Europe"s banks could take a $947 billion hit in a post-pandemic worst-case scenario, consultancy Oliver Wyman says

Oli Scarff/Getty European banks are set to face credit losses of as much as 800 billion euros ($947 billion) in the next three years in a worst-case scenario, according to an Oliver Wyman report. In case the region is.....»»

Category: topSource: businessinsiderAug 1st, 2020

Chinese Banks Preparing For "Worst Case" Scenario: Being Cut Off From SWIFT, Hong Kong Bank Runs


Category: dealsSource: nytJul 9th, 2020

Europe"s richest man loses $30 billion in pandemic

In his ninth-floor office on Paris’s Avenue Montaigne, Europe’s wealthiest man, Bernard Arnault, is spending long hours plotting a post-virus future for his luxury goods empire, LVMH. .....»»

Category: topSource: moneycentralMay 7th, 2020

Home prices could fall by as much as 4% because of the coronavirus pandemic, Zillow says

A false restart of the economy could create a worst-case scenario for the country’s housing market, an analysis by Zillow says......»»

Category: topSource: marketwatchMay 5th, 2020

Federal Reserve President: Coronavirus pandemic needs "18-month strategy"

"We should prepare for the worst-case scenario," Neel Kashkari cautioned......»»

Category: topSource: moneycentralApr 13th, 2020

Stifel Upgrades, Downgrades Airlines Facing Coronavirus Shock, Says Hawaiian Well-Positioned

A near worst-case scenario is playing out for airlines as the coronavirus pandemic freezes travel, .....»»

Category: blogSource: benzingaApr 1st, 2020

Uber says a coronavirus worst-case scenario could cost it $7 billion and rides could slump as much as 80% (UBER)

Pablo Cuadra/Getty Images Uber has seen its rides business shrink up to 80% as the spreading coronavirus forces people to stay home.  The company is modeling up to an $7 billion hit in its worst-case scenario model, it said Thursday.&n.....»»

Category: topSource: businessinsiderMar 19th, 2020

Cineworld could breach debt terms in worst-case virus scenario

Cineworld could fail to meet its debt commitments in a worst-case coronavirus scenario, it warned on Thursday, though it plans to press ahead with its $1.65 billion takeover of Canadian rival Cineplex ......»»

Category: topSource: reutersMar 12th, 2020

COVID-19 Could Cripple Airlines With $113 Billion Revenue Loss

An airline industry group reports that under a worst-case scenario of a COVID-19 spread, the airlines could suffer a tremendous loss in revenue this year......»»

Category: blogSource: 247wallstMar 5th, 2020

AOC says the quiet part out loud about Medicare for All: It has virtually no chance of becoming law right away

AP Images / Alex Brandon AOC conceded that Medicare for All may not become law right away in an interview with the Huffington Post. "The worst-case scenario? We compromise deeply and we end up getting a public option. Is.....»»

Category: worldSource: nytFeb 14th, 2020

This is what might happen if U.S. starts a trade war with China

Wall Street's top investment banks are bracing clients for the worst-case scenario following ongoing trade talks between the .....»»

Category: topSource: usatodayMay 7th, 2019

Morgan Stanley Models Out What The "Worst Case" Scenario For Italy Looks Like

Now that the initial shock from the formation of an anti-establishment, populist government in the Eurozone's 3rd largest economy, has passed banks are starting to f.....»»

Category: blogSource: zerohedgeJun 4th, 2018

This Is What Italy"s "Worst Case" Scenario Looks Like, According To Morgan Stanley

Now that the initial shock from the formation of an anti-establishment, populist government in the Eurozone's 3rd largest economy, has passed banks are starting to f.....»»

Category: blogSource: zerohedgeJun 4th, 2018

Airbus says worst-case Brexit would hit its sites beyond BritainL Spiegel

A worst-case scenario Brexit would affect Airbus's sites not only in Britain but also in the rest of Europe, board member Tom Williams has told the German magazine Der Spiegel......»»

Category: topSource: reutersSep 14th, 2018

In One Chart: Here’s how savers — both Republicans and Democrats — should vote to avoid a huge hit to their nest eggs

The best case scenario: Gridlock. The worst: Complete Republican power......»»

Category: topSource: marketwatch19 hr. 23 min. ago

New York’s Bank Traders Are Way Out in Front

Europe’s investment banks will be far more exposed than their Wall Street peers when the pandemic-related trading boom fizzles out......»»

Category: topSource: washpostJul 30th, 2020

7 retail-related ways the world we live in is like the dystopian future from "Idiocracy", and 1 notable way it isn"t

The dystopian future depicted in Mike Judge's 2006 film "Idiocracy" no longer looks like a worst-case scenario. In fact, there are seven retail-related ways the world we live in is just like the world of "Idiocracy," a.....»»

Category: smallbizSource: nytJul 15th, 2020

"This is not a normal recession": 3 large US banks set aside $28 billion to cover potential loan defaults due to the coronavirus pandemic

JPMorgan, Citigroup, and Wells Fargo set aside a combined $.....»»

Category: smallbizSource: nytJul 14th, 2020

TikTok vs. Facebook: Could the U.S. Really Ban TikTok?

With over 800 million active users worldwide, TikTok’s growth since its $1 billion rebrand of in 2018 — a number thought to have been bolstered by the coronavirus pandemic — has… The post TikTok vs. Facebook: Could the U.S. Really Ban T.....»»

Category: topSource: redherringJul 13th, 2020

Dr. Fauci said he"s "so sorry" the worst-nightmare pandemic scenario he outlined a year ago has become reality

Dr. Anthony Fauci said in June of 2019 that his nightmare public health scenario was a "respiratory illness that easily spreads, an.....»»

Category: topSource: businessinsiderJul 9th, 2020

Fed suspends share buybacks and limits dividends for big banks after stress test results

Kevin Lamarque/Reuters The Federal Reserve on Thursday imposed new restrictions on the US banking system after its annual stress test showed that some banks may approach minimum capital levels under certain coronavirus pandemic scenario.....»»

Category: topSource: businessinsiderJun 25th, 2020