Updated on 02/14/2022 11:10 am Volatility soared across markets on Monday, with a gauge of possible swings in the euro-dollar exchange rate at a high since November 2020 and a measure of equity volatility at a two-week high. Markets spooked late on Friday after the US warned that a Russian invasion of Ukraine could come […]
Tag: Wall Street
Goldman banker finally to stand trial after 1MDB scandal
The scene is repeated day after day: Roger Ng, a former banker from Goldman Sachs Group Inc., He leaves his Manhattan apartment and, wearing an electronic ankle monitor, heads downtown to build the case that could save him from jail. Nearly three years have passed since Ng landed in the United States to face federal […]
How many rate hikes will the Fed make? wall street is divided
Updated on 02/01/2022 06:04 am Major Wall Street banks are divided on the speed and magnitude of the Fed’s rate hikes, after its chairman Jerome Powell signaled it could be more aggressive than anticipated to fight stronger inflation. of the last four decades. With Powell refusing to give specific guidance on what the Fed might […]
Banks reject China’s plan to curb overseas IPOs
Updated on 01/30/2022 03:03 am Global banks are raising concerns with Chinese authorities over a plan to tighten rules on foreign share listings, saying the draft rules are vague and will extend Beijing’s regulatory reach outside the country’s borders. The proposals will also increase costs and hamper negotiations, Hong Kong’s leading financial firm lobby group […]
US banks rush to secure cheap financing
Updated on 01/24/2022 03:38 am the rush of Wall Street to sell bonds as borrowing costs rise looks set to continue, even as credit investors dwindle. Goldman Sachs Group Inc. outperformed five of the six largest banks in U.S raising nearly $29 billion this week, up from $24 billion in January 2021, which was double […]
Some Wall Street banks expect four rate hikes from the Fed this year
Updated on 01/10/2022 12:37 pm Goldman Sachs expects the Federal Reserve (Fed) to raise the interest rate four times this year and begin the process of reducing its balance sheet starting in July, joining other large banks in anticipating an aggressive tightening of US monetary policy. . The Wall Street bank previously estimated that the […]
Who are the billionaires who got richer in 2021
The 500 richest people on the planet had a spectacular year. The combined fortune of these “super-rich” reached the historical record of US $ 8.4 trillion, an amount far greater than the size of the economies of great powers such as Japan, Germany or the United Kingdom, and the combined Gross Domestic Product (GDP) of […]
More US money market reforms would decimate ‘prime’ funds
Updated on 12/27/2021 03:57 am The third attempt by the Securities and Exchange Commission U.S Reforming the nearly $ 5 trillion money market industry may further challenge the existence of funds that invest primarily in credit assets. Last week, the regulatory agency proposed amendments to the rules governing money market funds to address concerns about […]
JPMorgan urges employees to exercise caution as cases rise
Updated on 12/20/2021 04:40 am JPMorgan Chase & Co., without actually prohibiting their teams from Wall Street hold year-end meetings, urged employees to “exercise caution and good judgment” if they do meet, in addition to being tested for COVID-19 before returning to work after vacation. “We strongly recommend postponing any events where it is difficult […]
The “Fearless Girl” will remain on Wall Street for three more years
Updated on 12/16/2021 03:38 am The statue of the famous “Fearless Girl” will remain in front of the New York Stock Exchange headquarters, where it was first placed in 2018, for another three years, by decision of the Historic Monuments Preservation Commission. The work, which challenges gender inequality, has yet to obtain permission from the […]