Investors looking to profit from – and hedge against – credit deterioration due to Covid-19 will need to pick their spots when fighting the Federal Reserve.

Companies never want to sell equity at rock bottom prices, but bank lenders will often only relax covenants and hold off seizing assets if new capital comes in below them. Enter private equity managers with dry powder, snapping up big preferred stock deals to help cash-strapped issuers bolster their capital structures.

Appetite for Special Purpose Acquisition Companies is growing as investors find comfort in their new structure. Market participants expect more to come this year along thematic lines, with the first ESG Spac launched in May.

Central bank intervention has delayed the deluge of insolvency that Covid-19 lockdowns will cause, but it can only plug the dike for so long. Lenders face the grim prospect of deciding who to save and who to let go.

JPMorgan is in discussion with more global banks, corporates and third-party service providers to join its Interbank Information Network.

Bank of America has seen mandates increase in the last month as digital solutions become increasingly important to overcome isolation and social-distancing rules.

After brief illnesses, JPMorgan’s Jamie Dimon and Morgan Stanley’s James Gorman were back on form in this month’s earnings calls.

Some parts of US investment bank earnings in the first quarter of the year looked more like boom than bust as record trading and debt issuance helped offset weakness elsewhere. Now the banks are building reserves to prepare for coming out of lockdown

Alternative data can tell in near real time the story of economic and financial market disruption now playing out, but asset managers need artificial intelligence to read it.

With offices deserted across the world as coronavirus takes its toll, a virtual dataroom and online M&A software service company may be more relevant than ever

Private lending vehicles that are structured to maximize fees are looking dangerously fragile, and mismarking of asset values could spark legal disputes.

The world’s community banks, credit unions and CDFIs have been taking concrete action to help their clients, communities and employees respond to the coronavirus Covid-19 crisis.

The Federal Reserve’s expanded bond buying commitment underscores that the safest hedge at the moment is a security that can be sold to a government.

Digital asset manager Wave Financial may have found just the right moment to launch its whiskey fund.

Warren Buffett can take his pick from public companies with beaten down stock prices at the moment, but he may be interested in buying privately held Bloomberg.

Investors, governments and central bankers are using new sources of data to understand the impact of the Covid-19 pandemic.

The Fed has provided abundant financial support to the core government bond markets to little effect and may now need to ease rules on dealer banks.

In giving aid to the US, the Jack Ma Foundation has an important message for Trump: close borders to contain a virus, not to contain China.

The economic collapse now spreading as fast as the coronavirus requires credit channels to be kept open, but it needs precious funding to flow through them even more.

UPDATED March 20: Corporate bond market volatility returned with a vengeance in early March as the coronavirus struck. Will the growth in ETFs, together with advances in portfolio trading, mean the market is better able to cope with crisis than before?

True innovators look for new data points to predict delinquency, as traditional credit raters load more transaction history into their scoring models.

It has taken the climate crisis to bring our collective focus onto the role of financing and the role of banks.

The big acquisition makes strategic sense as a bet on convergence between high net-worth financial advisory and self-directed trading, but M&A deals can founder on culture.

JPMorgan doesn’t do things by halves; it has just moved almost everyone at the top of its investment bank and created what amounts to an internal boutique.

Should spirituality be one of the lenses through which the wealthy manage their money? Faith-based investors certainly think so. Euromoney talks to funds and wealth advisers who believe that positive energy or religion-driven strategies can bring enhanced returns.

The Federal Reserve’s current balance sheet expansion is handing trading profits to big banks.

The 150-year old bank looked inspired by Apple.

The investment bank will no longer IPO firms without diverse directors.

The investment banking co-head is proud of his RoE, while the securities team seems subdued about the task ahead.

In applying for exemption to the requirement to disclose an ETF’s portfolio, Goldman Sachs joins a small group of firms testing a new approach.