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Banking

Morning Bid: New quarter, same old market dynamics

A man is reflected on an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 3 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Yet another surge in the dollar and U.S. bond yields on Monday suggests the momentum in these assets - which set the tone for markets around the world - is not about to slow down just because the final quarter of the year is underway.If...
Banking

Red Bull loses bid to suspend EU decision on antitrust raid

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Oct 2 (Reuters) - Austrian energy drinks maker Red Bull has lost its bid to get Europe's second highest court to suspend an EU antitrust decision that underpinned a raid on the company for alleged anti-competitive practices.The European Commission raided the company in March on concerns that it may have violated EU antitrust rules against cartels and abuse of a dominant position.Red Bull subsequently challenged the raid...
Banking

Fed shines light on path to US bank capital relief trades

The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo Acquire Licensing RightsOct 2 (Reuters) - A clarification of capital rules by the Federal Reserve may encourage U.S. banks to transfer more of the risk in their loan portfolios to investors, potentially letting them free up capital.The Federal Reserve on Thursday clarified rules around capital treatment of a type of structured debt which involves the sale of credit-linked notes that carry the risk of losses on U.S. bank loan portfolios to investors. The announcement was...
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