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Wednesday Headlines: Bank earnings fell 70% in 1Q
By Matt Stichnoth,
Bloomberg: HSBC Resuscitates Plan to Cut 35,000 Jobs to Boost Growth
Reuters: US bank profits fell nearly 70 percent on coronavirus measures
Financial Times: US banks paid nearly twice as much in dividends as they earned
Bloomberg: Supreme Court’s MasterCard, Visa Ruling Sets up Damages Trial
New York Times: The I.P.O. Comes Roaring Back in the Pandemic
CNBC.com: Digital bank Current sees ‘insane’ growth during pandemic as essential workers sign up for accounts
Financial Times: Powell warns of ‘significant uncertainty’ over US recovery
Wall Street Journal: Pressure Builds on Trump Administration to Name PPP Borrowers