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Third of Russians don’t believe in virus pandemic

Bloomberg Nearly a third of Russians believe that the threat from the coronavirus crisis has been massively overblown, according to an opinion poll published on Thursday. More than 23% dismiss the pandemic as the invention of people who have an interest in promoting such a myth, showed the survey of 7,600 people from across Russia conducted on May 21-26 by ...

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Banks in Denmark may face a $24 billion capital shortfall

Bloomberg Several of Denmark’s biggest banks will see their so-called bail-in buffers come under intense pressure as the Covid-19 crisis triggers an historic economic slump. Stress tests published by the Danish central bank show that lenders may need to issue as much as 160 billion kroner ($24 billion) until 2022 to maintain a layer of capital known as MREL, which ...

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BofA CEO sees 10% increase in trading revenue this quarter

Bloomberg Bank of America Corp. (BofA) Chief Executive Officer Brian Moynihan said he expects the company’s traders to do very well in the current quarter, while not up to the pace set in the first three months of the year. Combined bond- and stock-trading revenue may rise in the “high single digits” or even close to 10% from a year ...

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