Banking and credit

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 13, 2020. Shares have plunged in Asia, with Japan’s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Eugene Hoshiko)
March 13, 2020 - 12:30 am
BANGKOK (AP) — Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and...
Read More
A trader has his head in his hand on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The stock market had its biggest drop since the Black Monday crash of 1987 as fears of economic fallout from the coronavirus crisis deepened. The Dow industrials plunged more than 2,300 points, or 10%. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/Richard Drew)
March 12, 2020 - 11:15 pm
BANGKOK (AP) — Shares plunged in Asia on Friday, with Japan’s benchmark sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and the meltdown in the U...
Read More
Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)
March 12, 2020 - 6:08 pm
WASHINGTON (AP) — The Federal Reserve and the European Central Bank moved Thursday to try to calm financial markets and restore some degree of confidence. It didn't quite work. The central banks are facing a crisis only partly responsive to the medicine they can provide. The Fed sought to ensure...
Read More
A woman drinks a wine while worker cleans the bar on an empty restaurant, in Pamplona, northern Spain, Thursday, March 12, 2020. For most people, the new COVID-19 coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Alvaro Barrientos)
March 12, 2020 - 5:56 pm
Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global economy. Airlines are dropping routes because people are not flying, workers are staying home, public...
Read More
A pair of traders work in their booth on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)
WBEN Newsroom
March 12, 2020 - 4:53 pm
NEW YORK (AP) — The escalating coronavirus emergency sent the stock market Thursday into its worst slide since the Black Monday crash of 1987, extending a sell-off that has now wiped out most of Wall Street’s big gains since President Donald Trump took office. The S&P 500 plummeted 9.5%, for a...
Read More
Michael Conlon, center, works with fellow traders on the floor of the New York Stock Exchange, Thursday, March 12, 2020. Stocks are sharply lower after resuming trading as traders fear that not enough is being done to contain the economic damage from the coronavirus pandemic. (AP Photo/Richard Drew)
March 12, 2020 - 3:49 pm
NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 3:45 p.m. The severity of Wall Street’s rout this week may echo the swoons for stocks at the height of the 2008 financial crisis, but that’s where the parallels end. Back then, investors were rattled as Lehman...
Read More
Mourners wearing face masks and gloves pray over the body of former politburo official in the Revolutionary Guard Farzad Tazari, who died Monday after being infected with the new coronavirus, at the Behesht-e-Zahra cemetery just outside Tehran, Iran, Tuesday, March 10, 2020. Iran is the hardest-hit country in the Mideast by the new coronavirus, which sickens but largely doesn't kill those afflicted. (Mahmood Hosseini/Tasnim News Agency via AP)
March 12, 2020 - 2:59 pm
TEHRAN, Iran (AP) — Iran said Thursday it asked the International Monetary Fund for a $5 billion loan to fight the coronavirus, the first time since the 1979 Islamic Revolution that it has sought such assistance, in a staggering admission of how fragile its economy has become amid the epidemic and...
Read More
Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)
March 12, 2020 - 2:58 pm
WASHINGTON (AP) — The Federal Reserve moved Thursday to try to ease disruptions in the financial markets stemming from the coronavirus by announcing that it will sharply increase its purchases of short-term Treasury bonds. The Fed said it's making available at least $2 trillion in short-term...
Read More
Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)
March 12, 2020 - 2:36 pm
WASHINGTON (AP) — The Federal Reserve moved Thursday to try to ease disruptions in the financial markets stemming from the coronavirus by announcing that it will sharply increase its purchases of short-term Treasury bonds. The Fed said it's making available at least $2 trillion in short-term...
Read More
A woman drinks a wine while worker cleans the bar on an empty restaurant, in Pamplona, northern Spain, Thursday, March 12, 2020. For most people, the new COVID-19 coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Alvaro Barrientos)
March 12, 2020 - 1:53 pm
WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global economy. Airlines are dropping routes because people are not flying, workers are staying...
Read More

Pages