Bloomberg European banks are likely to see 120 billion euros ($131 billion) in potential profit disappear over the next three years as the spreading coronavirus upends clients and economies, according to Goldman Sachs Group Inc. Goldman Sachs analysts led by Jernej Omahen shredded their profit forecasts for the sector through 2023 by 27%, four times the 30-billion euro hit to ...

Bloomberg JPMorgan Chase & Co.’s alternative-investments division is seeking to raise as much as $10 billion in an effort to bolster its spending power as the Covid-19 pandemic roils global markets. “The magnitude of these dislocations is so significant,” Anton Pil, the global head of alternatives for JPMorgan’s asset-management arm, said in an interview. “And to get some of these ...

Bloomberg The European Central Bank (ECB) will explore all possible options to support the economy in the current phase of acute difficulty, Bank of Italy Governor Ignazio Visco said in a speech. “As part of our mandate, we are willing to increase the volume of purchases, to change their composition,” said Visco, who is also a European Central Bank Governing ...