Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure – sources
U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank’s derivatives exposure...
Norway’s wealth fund lost $124 billion this year as stocks crash
Norway’s $930 billion sovereign wealth fund, the world’s largest, has lost 1.33 trillion Norwegian crowns ($124 billion) so far this year as stock markets plunged...
U.S. corporate crisis bailouts may prove bonanza for insider trading, new study warns
White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from the U.S. Congress aimed at mitigating the...
Deutsche Bank readies government short-time work program amid coronavirus outbreak
Deutsche Bank is laying the groundwork for taking advantage of a government-run short-time work scheme for some of its employees in Germany as it deals...
Investors look to 2008 for guidance on when to jump back in
(This March 25 story has been refiled to fix typo and clarify quote in paragraph 11)...
Oil falls as sinking demand outweighs stimulus hopes
Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a...
Oil prices fall as demand shrinks but limited by stimulus
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting...
UK’s Daily Mirror, Mail predict coronavirus financial hit
The publishers of Britain’s Daily Mail and Daily Mirror newspapers both flagged expected financial hits from the coronavirus crisis on Thursday, saying advertising and other...
Britain-based airlines seek industry tax breaks in coronavirus battle
A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive...
Ten signs the oil industry is bent out of shape
The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer...