Bloomberg
CLOs Creating New Bid for Leveraged Loans: Wells Fargo's Cisar
Sep.22 -- Winnie Cisar, Wells Fargo's head of credit strategy, sees high-yield corporate credit as a "very attractive" asset class and says she doesn't expect more stimulus for the U.S. economy. She speaks with Bloomberg's Caroline Hyde...
Bloomberg
Westpac Profit Plunges on Bad-Debts, Laundering Fine
Nov.01 -- Westpac Banking Corp.’s profit plunged after the lender was hit with a record fine for breaching anti-money laundering laws, and the coronavirus-induced recession swelled bad-debt charges. Matthew Burgess reports on "Bloomberg...
Bloomberg
EU’s Campa Expects Loan Provisions to Rise This Quarter
Nov.20 -- European Banking Authority Chairman Jose Manuel Campa discuses repayment of loans from European banks amid the coronavirus pandemic, the evolution of shadow banking, and whether banks are sufficiently prepared for Brexit. He...
Bloomberg
Lagarde Says Yearlong ECB Review to Look at ‘Host of Issues’
Jan.23 -- European Central Bank President Christine Lagarde discusses the parameters of the institution’s first reappraisal of its monetary policy since 2003. The review, the conclusions of which should be communicated before the end of...
Curated Video
JPMorgan Chase Funding $30B To Fix "Systemic Racism" In Banking
Its committing $30 billion over the next five years toward programs that will aid Black and Latino homebuyers and business owners.
Bloomberg
Dutch PM Rutte on EU Recovery Plan, Governance
Jul.17 -- European Union leaders are meeting in Brussels today to discuss a radical 750 billion-euro fund designed to help the bloc’s economies recover from the worst recession in living memory. Leaders are still deeply divided over key...
Bloomberg
GCC Economies Face Potential Expats Exodus
Jun.25 -- Ashraf Abu Issa, chairman of Abu Issa Holding, a Doha-based conglomerate that owns 100 retail stores and employs more than 3,000 people in Qatar and beyond, discusses how the potential exodus of expatriates from the region...
Curated Video
Sen. Marco Rubio Calls For Extension Of PPP Spending Window
Lawmakers call for changes to the Paycheck Protection Program as small businesses try to reopen amid the COVID-19 outbreak.
Bloomberg
Citigroup Posts Its Biggest Profit of the Pandemic
Oct.13 -- Citigroup Inc. posts its biggest quarterly profit of the pandemic after reaping another windfall from trading bonds and expressing confidence in its loan book. Bloomberg's Sonali Basak has more on "Bloomberg Surveillance."
Bloomberg
Biggest Banks Have Only Grown Since 2008 Crisis: Diamond
Oct.16 -- Bob Diamond, Atlas Merchant Capital founding Partner and chief executive officer says the biggest banks are even more systemic than they were in 2008, with more correlating risk to the national economy. He also sees a lot of...
Bloomberg
Why Are Expats Leaving Dubai?
Jun.10 -- Millions of foreigners across the Gulf are having to weigh whether to stay or go home as the fallout from the pandemic forces economic adjustments. The impact is starkest in Dubai whose economic model is built on the presence...
Bloomberg
Sweden Won’t Support Current Form of EU Recovery Plan: Finance Minister
May.26 -- Swedish Finance Minister Magdalena Andersson discusses the European crisis recovery fund backed by Germany and France, and the nation’s response to the coronavirus pandemic. She speaks on "Bloomberg Surveillance."
Bloomberg
Wirecard’s $2.1 Billion Hole Deepens After Forgery Claim
Jun.19 -- Wirecard AG shares continued their free-fall after the two Asian banks that were supposed to be holding 1.9 billion euros ($2.1 billion) of missing cash denied any business relationship with the German payments company. One of...
Bloomberg
Powell Says Fed ‘Days Away’ From Main Street Lending
May.29 -- Federal Reserve Chairman Jerome Powell discusses the rollout of the central bank's "Main Street" medium-sized business aid program, saying "we expect to start making loans in a few days." He speaks at a virtual discussion at a...
Curated Video
Senate Passes Legislation For Increased PPP Flexibility
The Paycheck Protection Program legislation now heads to the White House.
Bloomberg
Dombrovskis Says Merkel-Macron Package Will Help Fill Hole in EU Economy
May.20 -- European Commission Vice President Valdis Dombrovskis says the European Union needs to act strongly when combating the economic fallout from the coronavirus pandemic and predicts the EU economy will rebound rapidly next year....