Bloomberg
Bank Earnings Wrap 3Q 2018: Margins Boosted, FICC Fell
Oct.16 -- Morgan Stanley and Goldman Sachs rounded out 2018 third quarter earnings for major U.S. banks. The main takeaways: Fed hikes boosted net interest margins, equities trading revenue was positive while fixed-income revenue mostly...
Bloomberg
We Are Deploying Capital Aggressively: Hercules Capital CEO
Jan.14 -- With yields on speculative-grade bonds at the lowest since 2014 and leveraged loan prices at the highest in more than seven months, investors have flocked to private-credit markets in the hunt for higher-paying assets. Yet...
Bloomberg
White House's Kudlow on Payrolls, Loan Relief, China Tariffs and OPEC
Apr.03 -- Larry Kudlow, White House National Economic Council director, discusses the March U.S. payrolls report, the U.S. government's loan relief program, tariffs and working with OPEC. He speaks with Bloomberg's Jonathan Ferro on...
Bloomberg
Shimao Default Notice Hammers Bonds, Stokes China Property Fear
Property developer Shimao Property Holdings Ltd. has suffered its biggest-ever bond rout. A creditor says one of Shimao's units defaulted on a local loan. Bloomberg's John Liu reports on "Bloomberg Daybreak: Asia."
Bloomberg
Americans Increase Their Borrowing for 21st Straight Quarter
Nov.13 -- Americans increased their borrowing for the 21st straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released today from the Federal Reserve Bank of New York....
Bloomberg
Private Equity Stealing Wall Street Loan Business
Dec.18 -- Direct lenders, including more and more hedge funds and buyout firms, are preparing to dish out billions of dollars at a time to lure borrowers away from the $1.2 trillion leveraged loan market. Bloomberg's Lisa Lee reports on...
Bloomberg
The Predatory Lending Scheme Destroying American Lives
Mar.21 -- If you're running a small business in America and you need to borrow money, you may be forced to sign a "confession of judgment" - an obscure legal document that gives your lender the right to seize your assets with no trial or...
Bloomberg
Wells Fargo Seeing Signs of Momentum, CFO Shrewsberry Says
Oct.12 -- John Shrewsberry, Wells Fargo & Co. chief financial officer, breaks down the bank's third-quarter earnings with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "Bloomberg Markets: What'd You Miss?"
Bloomberg
Housing Crisis Unlikely as Long as Jobs Improve, Goldman's Swell Says
Jun.08 -- Mike Swell, co-head of global fixed income portfolio management at Goldman Sachs Asset Management, says the residential housing market will be 100% correlated to the jobs market and adds that he expects the commercial real...
Bloomberg
Markets Consider Banking Risks Outside of Wall Street
Apr.11 -- Betsy Graseck, head of banks and diversified finance research at Morgan Stanley, and Krishna Memani, chief investment officer and head of fixed income at OppenheimerFunds, examine whether unregulated direct lending poses a...
Bloomberg
ECB's Draghi on Policy Decision, Economic Risks, Inflation: Statement
Oct.24 -- Mario Draghi speaks at his last press conference as European Central Bank president about the euro-zone economy, monetary policy and inflation. Earlier, policy makers kept monetary stimulus unchanged, six weeks after cutting...
Bloomberg
Banks Are Under Stress But Operating Fine, State Street CEO Says
Apr.23 -- State Street Chairman and Chief Executive Officer Ron O'Hanley discusses the bank's key role in the financial sector response to the coronavirus pandemic with Bloomberg's Erik Schatzker on "Bloomberg Markets: What'd You Miss?"
Bloomberg
Banco Santander's Botin on UK, Inflation, Acquisitions
Banco Santander Executive Chair Ana Botin says she has "high confidence" in UK institutions. Speaking with David Westin on "Balance of Power," Botin also discusses current inflation levels and the bank's acquisition strategy.
Bloomberg
Congress Focused on Fighting Payday Loans, Rep. Porter Says
Mar.07 -- Rep. Katie Porter, a California Democrat, discusses the testimony by the Consumer Financial Protection Bureau’s Kathleen Kraninger. She speaks with Bloomberg's David Westin on "Bloomberg Markets: Balance of Power."
Curated Video
Black Farmers Are Dispossessed. How Did We Get Here?
The Biden administration promised Black and other "disadvantaged" farmers $4 billion in federal aid, but it's been held up.
Bloomberg
BofA's Moynihan on Consumers, Headcount, Leveraged Loans
Bank of America Chairman and CEO Brian Moynihan discusses consumer spending and credit quality, staffing and the leveraged-loan market with David Westin on "Bloomberg Markets: The Close."
Bloomberg
LendingClub: Financial Services or Technology Company?
Dec. 11 -- Mike Cagney, founder, co-chairman and chief investment officer at Sofi, and Mario Gabelli, chairman and chief executive officer at Gamco Investors, discuss the business of LendingClub as it beings trading. They speak on In The...
Bloomberg
Peer-to-Peer Loans Go Public in Lending Club IPO
Dec 2 -- Doug Lebda, chief executive officer at LendingTree, discusses the peer-to-peer lending industry as LendingClub files for an initial public offering. He speaks with Betty Liu in todays Before The Bell on In The Loop.
Bloomberg
Madoff Trustee in Money Fight With Dead Sons' Estates
May 10 -- The estates of Mark and Andrew Madoff, the deceased sons of Bernie Madoff, are continuing the fight over a 2009 lawsuit aimed at recovering $150 million of investor funds allegedly squandered by the pair. Bloomberg's Erik...
Bloomberg
CQS’s Pappas Sees 'Sell Button' Creating Distressed Opportunities
Jan.14 -- The universe of troubled companies is shrinking as the credit cycle extends, but distressed debt specialists can find opportunities when passive investors are forced to sell securities, according to CQS’s global head of credit...
Curated Video
White House To Extend Student Loan Pause Through August
The action applies to more than 43 million Americans who owe a combined $1.6 trillion in student debt held by the federal government.
Curated Video
Government Announcing More Student Loan Forgiveness Details In October
Once the application becomes available in October, borrowers will have until December 2023 to complete it.
Bloomberg
Cardona on Plan to Forgive Student Loan Debt
US Secretary of Education Miguel Cardona talks about President Joe Biden's plan to forgive a portion of student loans held by tens of millions of people. Cardona says student loan terms need to be more reasonable and he says there will...
Bloomberg
HNA Unit Defaulted on Recent Loan
Apr.16 -- A unit of HNA has defaulted on a loan they took you just seven months ago. This comes against the backdrop of warnings from a lot of analysts that we might see more in this space. Bloomberg’s Denise Wee reports on “Bloomberg...