Bloomberg
Are Powell and Lagarde Still on the Same Page?
Are Powell and Lagarde still on the same page? That was Thursday's question of the day posed to Laurie Brignac CIO & Head of Global Liquidity at Invesco, by Alix Steel and Guy Johnson on "Bloomberg Markets: Americas."
Bloomberg
Goldman Fires Transactional Banking Chief Over Lapses
Goldman Sachs Group Inc. fired several transaction banking executives over compliance lapses including the head of the business, Hari Moorthy. Sonali Basak reports on Bloomberg Television.
Bloomberg
Dimon Urges 'More Humility' in Slam of US Capital Plans
JPMorgan Chase & Co. CEO Jamie Dimon took aim Monday at higher capital requirements proposed for the banking industry by US regulators in July. William Shaw reports on Bloomberg Television.
Bloomberg
Zuma Wealth's Spath on US Markets
Terri Spath, founder and chief investment officer at Zuma Wealth, discusses her outlook and investment strategies for US markets. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia."
Bloomberg
JPM's Michele Sees US Recession, Fed Cut by Year End
Bob Michele, CIO and global head of fixed income and commodities at JPMorgan Asset Management, says the Federal Reserve is signaling that it is willing to "make the economy a casualty" by prioritizing inflation-over-growth. Michele...
Bloomberg
Fed's Barr 'Deeply Concerned' About Stablecoins Without US Oversight
The Federal Reserve's Vice-Chair of Supervision Michael Barr says he's "deeply concerned" about stablecoins without strong federal oversight during a speech Friday at a fintech conference at the Federal Reserve Bank of Philadelphia.
Bloomberg
Mike Mayo Says Citigroup Is Still a Buy
Mike Mayo, Wells Fargo managing director, US large cap banks, says Citigroup is still a stock worth buying. He joins Katie Greifeld and Scarlet Fu on "Bloomberg Markets: The Close."
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Hooper: Fed Doesn't Need to Hike Again
Kristina Hooper, Invesco Chief Global Market Strategist shares why she believes the Fed does not need to raise rate hikes again and opportunities in small caps.
Bloomberg
Citizens CEO on US Economy, SEC Proposals, Bank Mergers
Citizens Financial Group CEO Bruce Van Saun says US consumers are in good shape and the Federal Reserve has probably done enough. Speaking with Alix Steel and Guy Johnson on "Bloomberg Markets," Van Saun also comments on the recent bank...
Bloomberg
Indian Billionaire Uday Kotak Resigns as Bank CEO Earlier Than Expected
Uday Kotak has suddenly resigned Saturday as managing director and chief executive officer of Kotak Mahindra Bank Ltd. India's richest banker is becoming a non-executive director. Dipak Gupta, the joint managing director, will take...
Bloomberg
Borish: No More Rate Hikes in 2023
Peter Borish, Computer Trading Corporation CEO doesn't expect the Fed to raise rates for the remainder of 2023, but warns of deflationary pressures of higher rates.
Bloomberg
Summers: Down the Path to a Soft Landing
Lawrence H. Summers, Former Treasury Secretary believes the US economy is still strong, and thinks the cooling labor market signals a step down the path to a soft landing.
Bloomberg
Roubini Says 10% Global Equity Correction Not Unlikely
Nouriel Roubini, chairman and CEO at Roubini Macro Associates, explains the conditions he sees that could lead to a correction in global equities in the second half of the year. He speaks on the sidelines of the Ambrosetti Forum in...
Bloomberg
UBS to Cut 3,000 Jobs in Credit Suisse Integration
UBS Chief Executive Officer Sergio Ermotti says, "we will have around 3,000 jobs that will be made redundant over the next years," as he discusses job cuts that will stem from the integration of Credit Suisse's Swiss unit. He speaks with...
Bloomberg
China's Property Sector Needs to Shrink, Economist Andy Xie Says
"The issue is that the property sector is too big and needs to shrink." Andy Xie, a Shanghai-based independent economist, discusses the prospects for the Chinese economy, the challenges it faces, and the government's efforts to support...
Bloomberg
BNP Paribas: Moved Away From Chinese Banks Into Insurers
Manishi Raychaudhuri. Asia Pacific equity strategist at BNP Paribas, shares his views on Chinese stocks, the economy and the real estate market. He also discusses Federal Reserve policy and its market implications. He speaks with Haidi...
Bloomberg
China Asks Citic to Examine Finances of Zhongrong
China has requested an examination of the books of Zhongrong International Trust Co. by two of the nation's biggest financial firms, potentially paving the way for a state-led rescue of the troubled shadow lender. Sofia Horta e Costa...
Bloomberg
PBOC Drafts Policy to Give Private Firms More Funding Access
The PBOC drafted to give private businesses better access to funding as authorities ramp up efforts to boost broader economic growth. Jill Disis reports on Bloomberg Television.
Bloomberg
Standard Chartered Offers 20 Weeks Paid Leave
Standard Chartered will offer at least 20 weeks of paid leave to new parents starting next month, joining a wave of companies expanding benefits for dads and adoptive parents as well as moms. Sonali Basak reports on "Bloomberg Markets:...
Bloomberg
China Banks Enlisted in Stimulus Push
China may announce that the big state-owned banks are cutting rates on the majority of the nation's 38.6 trillion yuan ($5.3 trillion) of existing mortgages, according to people familiar with the matter. The reductions will only affect...
Bloomberg
Wall Street Braces for $15 Billion Wave of LBO Debt
Bankers are expected to kick off a series of new junk bonds and loans tied to M&A after the Labor Day holiday in the US. Paula Seligson has more on "Bloomberg Markets."
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Mike Mayo Sees 'Gut Punch' for Biggest Banks in Basel III Endgame
Veteran analyst Mike Mayo, a managing director at Wells Fargo, says larger banks should prepare for a "punch to the stomach" from the stricter capital requirements contained in the Basel III Endgame proposal. He speaks on "Bloomberg...
Bloomberg
First Look With Surveillance: Data Deluge, UK Inflation
Dani Burger and Simone Foxman take you through what to watch today.
Bloomberg
China Can 'Smooth' But Not Stop Yuan Weakening: Juckes
Kit Juckes, head of FX strategy at Societe Generale, discusses how efforts by the Chinese government to boost the economy can impact the yuan. He speaks with Dani Burger on "Bloomberg Surveillance Early Edition."