Pandemic spells good news for some Wall St bankers
Stock market correction, trading volatility and monetary stimulus packages have boosted the likes of JPMorgan Chase and Citigroup
16 April 2020 - 16:26
In a crisis, there are always winners. Some banks have been doing well out of the latest one.
As the world economy slowed to a near standstill in the fight against the coronavirus pandemic, leaving millions unemployed and companies depending on cash lifelines, one corner of global finance thrived: securities trading. From JPMorgan Chase to Citigroup, Wall Street firms had their best quarter in years buying and selling stocks and bonds. The feast probably will not last...
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