ECB backs draft EU rules for winding down smaller banks
FRANKFURT, July 6 (Reuters) - The European Central Bank on Thursday backed proposed new EU rules for closing down smaller...
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US banks out of favor with European hedge funds, Goldman tells clients
NEW YORK, July 5 (Reuters) - European hedge funds have reduced their exposure to U.S. banks at a fast pace...
Wall Street dips on jitters ahead of Fed minutes
Moderna climbs on deal to develop mRNA medicines in ChinaChip stocks slide on China's export curbsU.S. May factory orders miss expectationsFed minutes awaited at 2:00 p.m. ETIndexes down: Dow 0.16%, S&P 0.05%, Nasdaq 0.07%July 5 (Reuters) - Wall Street's main indexes fell on Wednesday ahead of the Federal Reserve's June meeting minutes, while weak U.S. and China economic data as well as rising Sino-U.S. tensions dented investor sentiment.May U.S. factory orders rose less than expected, according to a Commerce Department report, fanning fears of a slowdown due to high interest...
Germany’s Scholz hints at more chip investments
BERLIN, July 5 (Reuters) - German Chancellor Olaf Scholz said on Wednesday that he knew of further plans for large...
Analysis: Why a $1.5 trillion source of corporate financing is choking on higher rates
CLO issuance down 41% in H1 vs same time last yearFunding lifeline for junk-rated borrowers shrinkingInvestors demand higher premiumLONDON, July 5 (Reuters) - A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty.The pace of issuance of so-called collateralised loan obligations (CLOs), which bundle loans of the weakest corporates and repackage them as bonds, has stalled.Specialist asset managers minted CLOs worth more...
UK banks should not close accounts over customers’ politics, minister says
LONDON, July 4 (Reuters) - British banks should have to serve a customer even if they disagree with his or...
Morning Bid: Second-half lift, Tesla beat
A look at the day ahead in U.S. and global markets from Mike DolanA holiday-staggered week for U.S. markets looks...
Wall St rallies; Nasdaq hits 40-year milestone, Apple scales $3 trillion
Apple passes $3 trln market capNasdaq composite has biggest first-half gain since 1983,Nasdaq 100 has record first half increasePCE index...
HSBC blocking of Hong Konger pensions matter of ‘deep concern’, say US, UK lawmakers
LONDON, June 30 (Reuters) - Two influential lawmakers in the United States and Britain accused HSBC (HSBA.L) on Friday of...
EU lawmaker proposes ditching mandatory euro derivatives clearing quotas for now
European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman/File PhotoLONDON, June 28...
