Rothschild warns of financial hit from coronavirus outbreak ...United Arab Emirates

Russia Today - Economy
Rothschild warns of financial hit from coronavirus outbreak
source : Russia Today ( United Arab Emirates ) () 85
Historic banking firm Rothschild, whose alumni include French President Emmanuel Macron, has warned that the global Covid-19 crisis will impact the bank's financial results due to the effect on global business and markets. "Although there is still considerable uncertainty around how this will develop and, hence, the degree to which this will impact our 2020 financial results, it is clear that the effect will be materially detrimental compared to 2019," Rothschild said in a statement on Tuesday. Rothschild added that it was still planning to pay out a dividend of €0.85 ($0.93) per share. READ MORE: Rothschilds accused of preying on Sout

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