Bloomberg
Too Early to Buy Bonds, Strategas Strategist Verrone Says
Chris Verrone, partner and head of technical and macro strategy at Strategas, says the market is not yet suggesting that the trend up in yields is over. He speaks on "Bloomberg Surveillance."
Bloomberg
Why Vanguard Says 'Bonds Are Back'
Joe Davis, global chief economist and investment strategy group head at Vanguard, says the rate environment is "the best financial development in at least 15 years" for the bond market. He speaks on "The Pulse With Francine Lacqua."
Bloomberg
Italy Offers Banks an Opt-Out Clause on Windfall Tax
The Italian government is giving lenders an option to avoid paying a controversial windfall tax on banks if they set aside additional capital reserves. Chiara Albanese reports on Bloomberg Television.
Bloomberg
Why Apollo's Zelter Is 'Skeptical' of a Soft Landing
James Zelter, co-president of Apollo Global Management Inc., said the effects of tighter monetary policy from central banks still haven't been fully felt, leaving him "skeptical" about a soft economic landing. He spoke Thursday at the...
Bloomberg
Apollo's Zelter Sees Opportunity in Commercial Real Estate Lending
James Zelter, co-president of Apollo Global Management Inc., expects his firm to see some "big, fat pitches" related to the refinancing and restructuring of the commercial real estate market. He spoke Thursday at the Bloomberg Global...
Bloomberg
Stock Pullback Is Not a Surprise to Evercore's Emanuel
Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, says markets are seeing "a correction as opposed to an end of the run" as he examines the current stock selloff on "Bloomberg Surveillance."
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
Bill Gross Blasts Jeffrey Gundlach as 'Bond King' Heir
Bill Gross, widely known by the moniker 'The Bond King' for his work at Pacific Investment Management Co., made certain that he doesn't see DoubleLine Capital Founder Jeffrey Gundlach as the heir to that crown during a live recording of...
Bloomberg
Evercore's Schlosstein on US Recession, Economic Uncertainty
Ralph Schlosstein, chairman emeritus at Evercore, discusses the chance of the US dodging a Recession, the risks of Federal Reserve policy, uncertainty on the US economy, and his view of M&A activity. He speaks on "The Pulse With Francine...
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
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
Corzine's Wall Street Return Faces Futures Trading Foes
Critics of Jon S. Corzine are renewing efforts to halt his comeback attempt as three prominent executives in the futures industry are asking the US Commodity Futures Trading Commission to take another close look at Corzine and his young...
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 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."
Bloomberg
China Mega Banks Consider Further Rate Deposit Cuts
China's largest state-owned banks are reportedly weighing lowering deposit rates for at least the third time in a year as they ramp up efforts to boost the economy and protect margins. John Liu reports on Bloomberg Television.
Bloomberg
Autonomous Research's Chu on Debt Crisis in China
Charlene Chu, China macrofinancial senior analyst at Autonomous Research, shares her views on the debt crisis and consumer confidence in the world's second-largest economy. She speaks with David Ingles and Yvonne Man on "Bloomberg...
Bloomberg
S&P Joins Moody's in Downgrading US Banks
S&P Global Ratings is downgrading and lowering its outlook for several banks, citing a mix of pressures making life "tough" for lenders. Tom Metcalf reports on Bloomberg Television.
Bloomberg
Citi Weighs Split of Institutional Clients Group: FT
Citigroup Inc. Chief Executive Officer Jane Fraser is reportedly mulling a plan to break up the company's Institutional Clients Group, which made nearly three-quarters of the bank's profit last year, into three segments. Tom Metcalf...
Bloomberg
MTN CEO Says Africa Ripe for Growth in Fintech Services
MTN Group CEO Ralph Mupita discusses Mastercard's agreement to take a minority stake in his firm's financial-technology business and growth strategy on "The Pulse with Francine Lacqua."
Bloomberg
UBS Voluntarily Ends Swiss Loss Protection Deal, Liquidity Backstop
UBS Group AG will voluntarily terminate the Loss Protection Agreement with the Swiss government and the Public Liquidity Backstop with the Swiss National Bank meant to cover losses it could incur from the rescue of Credit Suisse. Leonard...
Bloomberg
China's $832 Billion Hedge Fund Industry Faces Major Shakeup
China's $832 billion hedge fund industry is bracing for a historic shakeup. Thousands of smaller managers may have to shut, while larger peers will likely face stricter regulations. Adam Haigh reports on Bloomberg Television.
Bloomberg
BlackRock's Caron on Kreos Deal, Private Credit Growth
Stephan Caron, head of European private credit at BlackRock, discusses the acquisition of London-based private debt manager Kreos Capital, growth of the firm's private equity business, and his investment strategy on "Bloomberg...
Bloomberg
NatWest Cuts Profit Margin Guidance Amid Farage Furor
NatWest Group Plc reported second-quarter results Friday that included reduced guidance for net interest margins this year. The UK lender is under the spotlight for its decision to cut ties with Nigel Farage, the Brexit campaigner who...
Bloomberg
BNP Cost Controls Lead to Second Quarter Earnings Beat
BNP Paribas Chief Financial Officer Lars Machenil discusses the bank's second-quarter results on "Bloomberg Markets Today."