Bloomberg Bank of America Corp. (BofA) Chief Executive Officer Brian Moynihan expects the US economy to bounce back fairly quickly once the coronavirus health crisis is resolved. “There are no structural issues in the economy — it’s a health-care crisis, and I think if we mitigate that health-care crisis, you will see on the other side of this a rebound,” ...

Bloomberg The World Bank Group’s arm for the private sector is working to stave off widespread bankruptcies in developing nations that could be even worse than the coronavirus’s impact in advanced economies, according to its chief. The International Finance Corp. (IFC) has $8 billion to lend in its initial pandemic response for emerging nations, Chief Executive Officer Philippe Le Houerou ...

Bloomberg The Mexican peso led global currency losses after President Andres Manuel Lopez Obrador rejected calls for fiscal stimulus to offset the impact of the coronavirus (Covid-19) pandemic. The peso sank as much as 4% amid a global sell-off, its third decline in four days. While economists forecast the economy could contract as much as 7% this year, the president, ...