LONDON - World equity markets tanked Monday, losing around three percent as investors fretted over mounting fears of a second wave of coronavirus and a lack of fresh central bank stimulus, dealers said.
Frankfurt, Paris, Milan tumbled three percent while Madrid sank by 3.5% after a partial virus lockdown began in the Spanish capital's densely populated south. He added: "Travel stocks again faced severe turbulence amid the rising fears over new restrictions - with British Airways owner International Airlines Group the top FTSE 100 faller."
"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.