Browsing: Coronavirus

Newsbytes

As the World Health Organization officially labeled the 2019 novel coronavirus a global pandemic today, American Bankers Association President and CEO Rob Nichols joined CEOs from some of the nation’s largest banks at a White House meeting with President Trump this afternoon to discuss the financial industry’s response.

Newsbytes

Acknowledging the “evolving risks” that the coronavirus outbreak poses to the U.S. economy, the Federal Open Market Committee unanimously voted to cut the target range for the federal funds rate by 50 basis points to a range of 1% to 1.25%.

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