Press Association
Bank of England governor speaks after Chancellor unveils City pensions reforms
Jeremy Hunt said he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.
In his first Mansion House speech as Chancellor on Monday, he said that bringing down soaring prices...
Bloomberg
Maybank: Close Underweight Call On Global Stocks, Neutral on US
Maybank Group Wealth Management CIO Eddy Loh says he has closed his underweight call on global equities and turn neutral on the US market. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia".
Bloomberg
OCBC Bank: Domestic Consumer Confidence Key In China
OCBC Bank Chief Economist & Treasury Research Head Selena Ling believes domestic consumer confidence is key in China to unlocking the excessive savings from the pandemic and unleashing private consumption. She speaks with Bloomberg's...
Bloomberg
Goldman Sachs Is No Longer the World's Top Dealmaker
Goldman Sachs Group Inc. has lost its ranking as the world's top mergers and acquisitions adviser for the first time in five years. JPMorgan is now number one based on data compiled by Bloomberg. Bloomberg's Michelle Davis...
Bloomberg
Gradient Investments' Montagne on Central Banks, Markets
Mariann Montagne, Portfolio Management Consultant at Gradient Investments, discusses her outlook for markets and investment strategy. She speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia".
Bloomberg
SocGen's Bini Smaghi on Rate Hikes, Bank Strategy
Societe Generale Chairman and Former ECB Executive Board Member Lorenzo Bini Smaghi said markets are expecting a recession to happen as a consequence of central banks getting more hawkish. He also touched on European banks being...
Bloomberg
UBS to Cut More Than Half of Credit Suisse Workforce
UBS Group AG is planning to cut more than half of Credit Suisse Group AG's workforce starting next month as a result of the bank's emergency takeover. Total job losses could add up to about 35,000. Bloomberg's Sonali Basak...
Bloomberg
Goldman Sachs Cutting About 125 MDs; JPMorgan Cuts 40 Dealmakers
Wall Street firms are slashing more jobs. Goldman Sachs Group Inc. has started cutting managing directors across the globe, according to people familiar with the matter. And JPMorgan Chase & Co. is cutting about 40 investment bankers in...
Bloomberg
Citigroup Gets Tough on Return-to-Office Rules
Citigroup has begun telling managers to let staffers know they'll face consequences if they don't comply with policies for office attendance. Sonali Basak reports on "Bloomberg Markets."
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Bloomberg
Powell: Capital Requirements to Be Skewed to Large Banks
Federal Reserve Chair Jerome Powell says the capital requirements in proposals are mostly for larger banks during an exchange with Senator John Kennedy, a Louisiana Republican, at Powell's semiannual monetary report to the the Senate...
Bloomberg
Fed's Powell Says SVB Shows Liquidity Rules Are Outdated
Federal Reserve Chair Jerome Powell says there is going to be a need for stronger supervision and regulations in the wake of SVB and the bank crisis earlier this year. He speaks during his semiannual monetary policy report to the House...
Bloomberg
Expect China GDP to Grow 5.5% in 2023: UBP's Casanova
Carlos Casanova, senior Asia economist at Union Bancaire Privee, discusses China's LPR cuts and his outlook for the economy. He speaks on Bloomberg Television.
Bloomberg
China Rate Cut Misses Expectations
Chinese banks followed the central bank by lowering their benchmark lending rates on Tuesday, although a relatively modest reduction to the mortgage reference rate disappointed some analysts. David Qu discusses the data on Bloomberg...
Bloomberg
New Zealand Announces Banking Inquiry Amid Profit Concerns
New Zealand's government announced an inquiry into its banking sector amid concerns that lenders are making excessive profits. Haidi Stroud-Watts reports on Bloomberg Television.
Bloomberg
Goldman Partner's Explicit Incident Sparks Review
A Goldman Sachs executive accidentally included a sexually explicit recording of himself as part of a work-related video sent to a junior staffer, according to more than a half-dozen people with knowledge of the matter. Sri Natarajan has...
Bloomberg
Lennar Chairman Sees Basic Stability in Housing Prices
Lennar Executive Chairman Stuart Miller talks about the supply crunch for new homes, the need for more affordable housing and where he sees new home prices going. He speaks on "Bloomberg Markets."
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Bloomberg
Goldman, Citigroup Said to Be Cutting Asia Roles
Goldman Sachs Group Inc. and Citigroup Inc. are said to cut another 35 investment banking jobs across Asia this week after revenue from stock sales and mergers slumped further in the second quarter. Adam Haigh reports on Bloomberg...
Bloomberg
Barclays CEO on UBS-CS Deal, Bankers Leaving, Expansion
Barclays Plc CEO C.S. Venkatakrishnan talks about the merger of UBS and Credit Suisse, investment bankers leaving the firm, commercial real estate and how higher interest rates impact the bank's business. He speaks to Bloomberg's David...
Bloomberg
Barclays CEO: UBS-CS Deal Stabilized Financial System
Barclays Plc CEO C.S. Venkatakrishnan says the merger of UBS and Credit Suisse helped solidify the financial system. He speaks to Bloomberg's David Westin.
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Bloomberg
First Look With Surveillance: China Zero, Trump Troubles
Anna Edwards and Kriti Gupta take you through what to watch today.
Bloomberg
China Big Four State Banks Said to Cut Dollar Deposit Rates
China's big four state lenders have effectively cut dollar deposit rates as the yuan weakens against the greenback, according to people familiar with the matter. Charlie Zhu reports on Bloomberg Television.
Bloomberg
BofA CEO: Higher Capital Requirements Will Curb Lending
Bank of America Chair and CEO Brian Moynihan says higher capital requirements will impact lending during an interview with David Westin at Bloomberg Invest New York 2023.
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Bloomberg
Is the FHLB System Working as Expected?
The Federal Home Loan Bank system provides billions to banks curtailing mortgage lending, and millions to its executives. Bloomberg's Max Reyes has more on "The Big Take."
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Bloomberg
LVMH's Arnault Plans to Visit China After Musk and Dimon
China has been rolling out the red carpet for global business leaders including JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and Tesla Inc. CEO Elon Musk. Beijing wants to calm fears the country is becoming more hostile...