Bloomberg Bitcoin is proving to be no haven asset amid the current global market meltdown. The price of the largest digital currency continued to swing wildly as a rout that began in earnest showed no signs of slowing down. Bitcoin dropped as much as 32% to $3,915, its weakest since March 2019, before clawing back loss, according to consolidated pricing ...

Bloomberg With the coronavirus outbreak rewriting the rules of the global economy, the Federal Reserve is under increasing pressure to keep the flow of support coming this week. The US central bank is facing calls to slash borrowing costs to zero at or before Wednesday’s decision, adding to its attempt last week to buttress free-falling markets with extra bond purchases. ...

Bloomberg Credit Suisse Group AG is considering a plan to create a 20-billion franc ($21 billion) loan program to aid small and medium-sized Swiss businesses affected by the coronavirus, according to the Swiss newspaper Handelszeitung. Other large lenders — like Raiffeisen Bank International AG and Zuercher Kantonalbank — are also considering the proposal, which was initiated by Credit Suisse’s new ...