Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavirus flare-ups weighed on investor confidence and Major League Baseball contends with a fresh coronavirus outbreak. Plus, the FT’s banking editor, Stephen Morris, will explain what lies ahead for European banks when it comes to loan losses and dividends. 

Republicans unveil $1tn stimulus plan cutting jobless benefits

https://www.ft.com/content/3c6d86e9-93b4-41af-9803-046940cedf99?

Dollar sinks to two-year low on concern over US virus toll

https://www.ft.com/content/9d9fa97c-154f-46fb-affd-51f45a0de08a

US baseball league postpones games after outbreak hits Miami team 

https://www.ft.com/content/12b00810-5b8c-4df0-b22d-cabe898770a3

Banks across Europe braced for further heavy loan-loss charges

https://www.ft.com/content/d42d735a-9aa3-454e-955a-3e0b22eda03d

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