mo4ch:>Rothschild warns of financial hit from coronavirus outbreak | Mo4ch News - Mo4ch News

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Tuesday, March 31, 2020

mo4ch:>Rothschild warns of financial hit from coronavirus outbreak | Mo4ch News

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 South Africa's state-owned enterprises

Founded in the 18th century by Mayer Amschel Rothschild, the banking dynasty has worked on some of history's biggest deals, including helping to finance Britain's war with Napoleonic France.

For more stories on economy & finance visit RT's business section


Source : RT Business News

Rothschild warns of financial hit from coronavirus outbreak

Rothschild warns of financial hit from coronavirus outbreak