IMF Sees Potential 'Major Resilience Test' From Pandemic

Companies that borrowed heavily at low interest rates to cope with the coronavirus crisis may have trouble paying their debts, increasing the risk of bankruptcies, the IMF said in its Global Financial Stability Report. 


 
JPMorgan Profit Shows Resilience in Face of Covid-19

The largest bank in the U.S. by assets set aside just $611 million for potential future loan losses, compared with $10.47 billion in the previous quarter. 


 
Capital Group Boosts Stake in Deutsche Bank

The U.S. investor's move sounds a note of confidence in the troubled European banking sector. 


 
Citigroup Profit Falls 34%

The bank set aside billions of dollars in the third quarter to cover potential losses in the coronavirus recession. Still, the results were better than the second quarter's and topped analyst expectations. 


 
Invesco to Launch Four New Funds Tied to Flagship QQQ Tech ETF

At $134 billion, the Qs, as it is known across Wall Street, has grown to become one of the biggest exchange-products in the world and accounts for roughly 42% of Invesco's ETF assets. 


 
BlackRock's Third-Quarter Profit Climbed on Steady Inflows, Higher Fee Revenue

Money-management giant BlackRock Inc.'s quarterly profit rose 22% as investors turned to many of its funds to quickly get into markets as well as try to beat them. 


 
Blackstone-Backed Lender Is Set for IPO

Finance of America Equity Capital, a Blackstone Group-backed consumer-lending platform, is set to go public with a $1.9 billion valuation in a merger with blank-check company Replay Acquisition. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Global Companies Are Caught Between New Taxes and a Trade War

The prospect of a higher corporate tax rate isn't so unappealing when set against the risk of a chaotic global trade and tax war. 


 
Hong Kong Exchange Cancels Full-Day Trading Due to Typhoon

UPDATED: The Hong Kong exchange has canceled all trading sessions for the day because of a typhoon alert issued by the city's government.

(END) Dow Jones Newswires

10-13-20 1115ET