Portfolio

An imagined conversation with the legendary Vanguard founder about the coronavirus market crash.

“We’re going to see more restructuring of deal terms,” says investment banker Steve Levitt.

The firm had received margin calls from counterparties including BNP Paribas after its trades went awry, people familiar with the matter said.

It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.

Clients are advised to keep some of their savings in cash and focus on their long-term prospects.

“Americans need to know they have access to their money," Treasury Secretary Steven Mnuchin said.

First, prove you’re listening; then make sure they know you’re taking action to protect their portfolios.

Funds with higher risk profiles — high-yield and emerging markets — are now paying the price.

For firms that haven't recently updated their capabilities, the next few months will be a rough wake-up call.

The VanEck fund’s sell-off was so violent that it triggered the SEC’s alternative uptick rule.