Global stocks tank on fears of second coronavirus wave

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'Virus fears have come back to haunt investors,' notes Fawad Razaqzada, an analyst at ThinkMarkets.

that claimed massive sums of allegedly dirty money had flowed for years through some of the world's largest banks.

"Virus fears have come back to haunt investors today, as concern rises that the consumer-led recovery is going to falter if lockdowns are reintroduced," noted Fawad Razaqzada, an analyst at ThinkMarkets.Wall Street also had a losing day, although equities clawed back from session lows in apparent bargain-hunting.

, which has sharpened already significant partisan differences in Washington ahead of the US presidential election on November 3. "Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks' own employees," according to the probe.

 

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