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April 10, 2020

Fed takes further action to contain economic fallout

The challenges faced by COVID-19 the Fed announced additional $750bn in loan support.With this additional action, the Fed has committed to providing $2.3Tn in loan to support the economy.Given the historic rise in unemployment claims it's not surprising that the Fed has taken further actions to contain the economic fallout.
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April 8, 2020

Financial Regulation: Weekly Update. 08 April 2020

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

April 3, 2020

U.S. | Banking outlook amid Covid-19

The Covid-19 pandemic that escalated in the first quarter of this year will have a dramatic impact on the U.S. banking sector. The effects will range from direct and immediate to indirect and long-term that will only emerge in the wake of the crisis.
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April 3, 2020

COVID-19 and Texas economy

The headwinds from declining oil demand and increasing supply will delay the recovery of the Texas economy. Consequently, we expect Texas GDP to decline between -3.7% and -6.9% in 2020, that is, worse than the U.S. average. This would mark the worst recession since at least 1978.

April 3, 2020

U.S. | Labor market collapse begins

March's employment report marks only the beginning of a period of unprecedented weakening in the labor market. The number of people reporting being temporarily laid off doubled to 1.8M while the number of permanent job losers increased from 177K to 1.5M.
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April 3, 2020

Financial Regulation: Weekly Update. 03 April 2020

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

April 2, 2020

U.S. | Sky-high unemployment claims confirm significant damage to economic activity

March’s employment report will not capture the bulk of the shock. However, if current trends continue, nonfarm payroll will decline significantly in April and the unemployment rate could reach more than 12%, which would outstrip the record-high of 10.8% in 1982.
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April 1, 2020

U.S. | COVID-19 and oil markets

These are unprecedented times for energy markets. Crude oil demand has crumbled as economic activity has been suspended around the world, and nearly 3 billion people stay at home to flatten the curve of contagion.