BREAKING: HSBC evacuates London trading floor on coronavirus concerns

12:00 PM 5 March 2020

According to a Bloomberg report, HSBC evacuated its research department and part of the trading floor in the London office amid growing concerns over the spread of the coronavirus. This is the first such a decisive move from the major financial institution. In case other banks follow suit, it may have a significant impact on liquidity on the markets. Report exerted additional pressure on European equities and major indices deepened decline on the release.

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BREAKING: HSBC evacuates London trading floor on coronavirus concerns

Market News

Meta's Earnings Phenomenon: Absolute Growth Exceeds All Expectations

Microsoft Delivers Record Revenue Amid Robust Performance

Daily summary: Fed keeps rates unchanged, but Powell remains hawkish

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