European Banks Prepared for a Crisis. But Not This One.

European Banks Prepared for a Crisis. But Not This One.

FRANKFURT — It was supposed to be a drill. Government overseers would test whether European banks could survive a hypothetical perfect storm that included a steep economic downturn, plunging stock prices and a collapse in consumer spending.But before bank regulators...
Airbnb Raises $1 Billion to Stockpile Cash in Pandemic

Airbnb Raises $1 Billion to Stockpile Cash in Pandemic

SAN FRANCISCO — Airbnb said on Monday that it had raised $1 billion in new funding as it grapples with devastation from the coronavirus pandemic, and as some technology start-ups take extra measures to stockpile cash during the outbreak.The private equity giant Silver...