Bank stocks have become 'awful investments' because of the coronavirus impact, Jim Cramer says

Bank stocks have become 'awful investments' because of the coronavirus impact, Jim Cramer says

Every one of these industries is, shall we say, suspect now” and it has affected the banks, CNBC's Jim Cramer said. “If cruise lines and restaurants and
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How UK bank shares like Lloyds are reacting to emergency rate cut

Record low UK interest rates are normally bad for banks, so why was Lloyds up 4% today. Emergency moves by the Bank of England to support the
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Solidarity encourages members to use alternative banking channels

These channels include online banking through Solidarity's mobile app with mobile deposit features; the MoneyLine, which offers telephone transaction
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An autopsy on the death of the Bombardier dream

… of financing services they envisioned for the company: “Mortgage financing … For Bombardier's aerospace business, that meant lending money to
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Viral Outbreak Shuts Debt Markets for African Borrowers

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter. Countries in sub-Saharan Africa will have to shelve plans for Eurobond
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Bank of England Cuts Rates to 0.25%

… unanimously to reduce Bank Rate by 50 basis points to 0.25%, Bloomberg News reports. More information is available on the Bloomberg Terminal.
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Augmented-Reality Startup Magic Leap to Explore a Sale

… Amazon.com Inc. have all been investing in augmented reality with their own divisions, said Jitendra Waral, a Bloomberg Intelligence senior analyst.
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Lori Vallow won $17000 on 'Wheel of Fortune,' competed in Mrs. Texas pageant

Her bail was reduced from $5 million to $1 million, though bail bond companies have yet to help her team. She competed on “Wheel of Fortune” in 2004
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Tom Hanks and Rita Wilson test positive for the coronavirus

Subscribe to Fortune's Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business. Tom Hanks
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Singapore Warns of Complacency as New Virus Infections Surge

The country must now prepare for a “new normal,” Minister for Communications and Information S Iswaran told Bloomberg Television's Haslinda Amin
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Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank …

Besides, loan and credit cards repayments to the bank can also be done through IMPS from other bank accounts. “Inward RTGS services have been
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Baystate Business: Coronavirus Impact (Radio)

Bloomberg News reporter Janet Lorin on the impact of college closings on businesses in college towns, like Amherst, Massachusetts (1:21).
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Prince Alwaleed's Fortune Plunges $22.3 Billion From 2014 Peak

The net worth of Saudi Arabia's once high-flying billionaire, Prince Alwaleed bin Talal, has plunged $22.3 billion from its peak six years ago.
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Wells Fargo allocates $50M to African-American banks

In an effort to boost access to commercial mortgage credit in the nation's … and the nation's Community Development Financial Institutions (CDFIs).
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Bank CEOs convene in Washington for meeting with President Trump on coronavirus response

Brian Moynihan of Bank of America, Michael Corbat of Citigroup, Charles Scharf of Wells Fargo, David Solomon of Goldman Sachs and Stephen
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Arbor Realty Trust Closes an $800 Million Collateralized Securitization Vehicle

(NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing,
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UGA student from Savannah set to appear on 'Wheel of Fortune'

Chantel Lewis-Cummings of Savannah will be a contestant on the Thursday, March 19 episode of “Wheel of Fortune.” The episode will air on NBC
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How State Farm Plans to Exit the US Banking Sector

US Bank to take on deposit and credit card accounts, with future plans for vehicle loans and business services. 03/11/2020 – 11:08; |; Written by
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Affordable Senior Community Near Providence Lands $43M Refi

In August, Affordable Housing and Services Collaborative received a $10 million loan from Rockport Mortgage to refinance another one of their
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Consumer bureau accuses Fifth Third Bank of opening fake accounts

The US Consumer Financial Protection Bureau charged the Midwest regional banking giant with creating fake accounts between 2008 and 2016, in a
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