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Banking

US Treasury market debate around hedge fund collateral intensifies

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - As U.S. regulators ready rules that would push more trading in Treasuries to a central clearing venue, the industry's focus is turning on a key question: how much collateral should hedge funds and others put up to trade there.At issue is whether imposing minimum requirements for collateral, called margin or haircuts, would raise trading costs and curb market...
Banking

European shares end the week higher as bond yields slide on rate cut bets

A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsMarkets price in 100-bps rate cuts in 2024Moody's Italy rating review dueVolvo Cars shares drop to record low as Geely trims stakeSTOXX 600 up 1.0%, adds 2.8% this weekNov 17 (Reuters) - European shares rose on Friday, boosted by financials and healthcare, ending the week higher on growing optimism that central banks will aggressively cut interest rates...
Banking

Exclusive: ICBC injects capital into U.S. unit, seeks cyber review -sources

People walk past a booth of ICBC Credit Suisse Asset Management Co at the 2020 China International Fair for Trade in Services (CIFTIS), in Beijing, China September 5, 2020. REUTERS/Tingshu Wang/File photo Acquire Licensing RightsNEW YORK/LONDON, Nov 10 (Reuters) - Industrial and Commercial Bank of China injected capital into its U.S. unit to pay BNY Mellon (BK.N) $9 billion for unsettled trades and hired a cybersecurity firm to help it return online after a ransomware attack, sources familiar with the matter said.ICBC said on Thursday it had been hit by...
Banking

U.S. regulators agree to ramp up oversight of systemically risky non banks

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - U.S. regulators on Friday cleared the way to increase oversight of asset managers, hedge funds, and other non-banks that they believe pose risks to the financial system, reviving a tough new regime that had been sidelined under former President Donald Trump.The Financial Stability Oversight Council (FSOC), led by the Treasury Department and comprising other major agencies, also adopted a new framework...
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