Fed acts to keep banks ‘prudent’ amid virus risks
The Federal Reserve has warned that America’s biggest banks could be hit by losses of up to $700bn (£563.6bn) in a severe downturn due to the pandemic.
The Federal Reserve has warned that America’s biggest banks could be hit by losses of up to $700bn (£563.6bn) in a severe downturn due to the pandemic.
LeBron James and his business partner have secured $100m (£90m) in investments for their media company which aims to empower black audiences.
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At least 20 million people in the US may already have been infected with Covid-19, according to the latest estimate by health officials.
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