Bloomberg Bank of America Corp. (BofA) pledged to donate $100 million to support populations hurt by the coronavirus. The funds will be distributed to various communities, as well as national and global organisations, the bank said. They’re intended to aid medical response, address food insecurity, assist educational efforts amid school closures and support vulnerable populations, according to the Charlotte, North …

Bloomberg Germany’s financial watchdogs eliminated a key capital requirement for the country’s banks to keep credit flowing to an economy that’s approaching a standstill as the coronavirus spreads. The countercylical capital buffer, meant to strengthen banks in good times for a downturn, will be cut to 0% starting on April 1 and remain there until at least through December, the …

Bloomberg The global airline industry needs government aid and bailout measures totalling between $150 billion and $200 billion if it’s to survive the coronavirus crisis, according to the International Air Transport Association (IATA). Even then, the pandemic is likely to reshape the industry, with many airlines failing, others consolidating and entirely new groupings emerging, IATA Chief Executive Officer Alexandre de …