One thing that quickly became apparent after the onset of the Covid-19 pandemic and the fleeting collapse in financial markets is that big US banks, the villains of the previous crisis, were determined to be the good guys this time around. No job cuts in 2020. Deferred payments on credit cards and mortgages without repercussions. You name it, the likes ...

Bloomberg Frontier Group Holdings Inc struggled to gain traction in its trading debut after selling shares at the bottom of a marketed range. The stock slipped less than 1% to close at $18.85 in New York after an initial public offering at $19 a share. By contrast, rival discounter Sun Country Airlines Holdings Inc opened with a pop after an ...

Bloomberg Deutsche Lufthansa AG will ask shareholders to approve a capital increase that would open a path towards removing the German government as its biggest shareholder. The proposed 5.5 billion euros ($6.5 billion) in fresh capital would give Europe’s largest airline enough cash to replace a so-called silent participation, a major part of Lufthansa’s 9 billion-euro bailout from the state. ...