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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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...
Yellen sees strong job market, lower inflation, even as US economy cools
U.S. Treasury Secretary Janet Yellen speaks during a joint press conference with Kristalina Georgieva, Managing Director of the International Monetary...
Analysis: Dutch pension fund reform spells investment rethink
EU's top pension industry moving to defined contributionNew model allows for riskier investments - fund managersABN AMRO: 140 bln euros...
London stocks fall as utilities drag; Serco gains
De La Rue up after retaining annual profit forecastSerco gains on upbeat outlookBoE's Silvana Tenreyro to speak later in the...
Squeezed UK households tap into savings at record pace
LONDON, June 29 (Reuters) - British households withdrew money from their savings in May at a record pace as a...
UK regulator bans adviser over poor British Steel pension advice
LONDON, June 28 (Reuters) - The Financial Conduct Authority (FCA) has banned a pension adviser from holding senior management positions...
