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Jeff Bezos Gains $24 Billion While World's Rich Reap Bailout Rewards.

Authors :
Alexander, Sophie
Maloney, Tom
Metcalf, Tom
Source :
Bloomberg.com; 4/14/2020, pN.PAG-N.PAG, 1p
Publication Year :
2020

Abstract

(Bloomberg) -- The world's richest person is getting richer, even in a pandemic, and perhaps because of it. JPMorgan Chase & Co. and Wells Fargo & Co. signaled Tuesday that loan losses fueled by the unprecedented job cuts -- many of them in the retail sector that Amazon so efficiently disrupted -- could rival those incurred after the 2008 financial crisis. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
142717716