Investors have been spooked in recent days by a resurgence in coronavirus cases that is leading to new restrictions on business in parts of Europe and other countries. And heightened tensions between the U.S. and China have taken the shine off technology stocks.
He added that, "one of the dangers to the global recovery, would be the imposition again, of national level lock-downs in major developed economies. That risk appears to be rising, unfortunately." The report by the International Consortium of Investigative Journalists said leaked government documents show that the banks, including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon, continued moving illicit funds even after being warned of potential criminal prosecutions. The documents were obtained by BuzzFeed News and shared with the ICIJ.
Wall Street has been shaky this month, and the S&P 500 has dropped 8.4% since hitting a record Sept. 2 amid a long list of worries for investors.
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