Financials

The early coronavirus warning that woke up Wall Street

Before COVID-19 upended American life, the head of a $33 billion U.K. foundation told a collection of money managers how bad it was going to get. The alarm spread through the worlds of finance and business.

Wall Street firm will pay junior bankers not to work

Evercore Partners Inc. is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic, according to external recruiters, a move that hasn't been seen on Wall Street since the last financial crisis.