US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery
FT News Briefing
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European Banks Show Mixed Performance Amidst Coronavirus Challenges
This chapter contrasts the earnings performance of Wall Street and European banks during the coronavirus pandemic. It highlights UBS's notable profit increase and Barclays' resilience, while discussing the ongoing challenges faced by retail and corporate-focused banks in sustaining credit flow.
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Transcript
