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SAO PAULO (Reuters) - Chile's Itau Corpbanca ITAUCORP.SN is unlikely to post a profit or pay dividends in 2020 after taking a $930 million impairment charge, its chief executive, Gabriel Moura, said on Friday.The bank disclosed the charge on Thursday, saying it reflected the new fair value of cash generation for units in Chile and…
NEW YORK (AP) — A worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause the nation’s 34 largest banks to collectively lose roughly $700 billion, the Federal Reserve said Thursday.To bolster the banks ahead of such a potentially damaging recession, the Fed ordered them to suspend buybacks of their own stock…
Volunteers struggle to gather sheep for rescue near Colton, Ore., in the Riverside wildfire south of Portland. (Richard Read / Los Angeles Times)The plea for help appeared on Facebook just after noon: Dozens of animals were trapped on a farm outside the Oregon town of Colton. A wildfire was closing in.Suzi Cloutier jumped into her…
Photograph: Jessy Ellenberger/APBy 23 October, a blustery Friday toward the end of a depressingly short autumn, the two largest wildfires in Colorado’s recent history were descending on Rocky Mountain national park, reaching toward each other with a mere 10 miles of bone-dry forest between them.The Cameron Peak fire had arrived from the north and had…
The ConversationWhy Trump's challenges to democracy will be a big problem for BidenWhen a mob attacked the U.S. Capitol on Jan. 6 and stopped Congress from certifying Joe Biden as the nation’s next president, it was scary – and fatal for at least five people. But it did not pose a serious threat to the…
The ConversationWhy Trump's challenges to democracy will be a big problem for BidenWhen a mob attacked the U.S. Capitol on Jan. 6 and stopped Congress from certifying Joe Biden as the nation’s next president, it was scary – and fatal for at least five people. But it did not pose a serious threat to the…
The ConversationWhy Trump's challenges to democracy will be a big problem for BidenWhen a mob attacked the U.S. Capitol on Jan. 6 and stopped Congress from certifying Joe Biden as the nation’s next president, it was scary – and fatal for at least five people. But it did not pose a serious threat to the…