Hints and tips:
Related Special Reports
...has no place in commodity trading today....
...in trading Russian oil....
...Block trading came under scrutiny following the collapse of Archegos Capital, which caused a $5.5bn trading loss at Credit Suisse and helped bring about the demise of the Swiss bank....
...You assert wrongly that America alone is averse to trade dealmaking. India and the EU too have balked at finalising trade pacts....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...The lender said its Wall Street sales and trading businesses enjoyed their best start to the year in more than a decade....
...The second, more important, point is that Manulife’s move shows that some players are finally getting more honest about America’s commercial real estate pain. This is welcome — and belated....
...Shares in Hess fell 4 per cent in after-hours trading, while Chevron’s dropped 1 per cent. Exxon’s shares were little changed....
...UBS has named Kurt Anthony head of its consumer and retail group in the Americas. He joined the Swiss bank last year from Barclays, where he focused on apparel, speciality retail and packaged food....
...For example, there would be a one-day mismatch if a manager wished to sell a European stock trading on T+2 and buy a US stock trading on T+1, he said....
...Either the live trading results don’t hold up or transaction costs erode performance....
...“Trading revenues are going to hit a record at Bank of America,” said Barclays bank analyst Jason Goldberg. “None of the other banks can say that.”...
...Even after a recent uptick, an unsecured bond maturing in July of that year is trading far lower, at less than 50 cents....
...But hardliners see this as a Trojan horse that would allow America to change the regime in Tehran....
...Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue....
...The former Macquarie star commodities trader Nick O’Kane has agreed terms to join Mercuria as the Swiss trading house seeks to expand its gas and power business....
...News round-up Four Paramount directors to step down as company discusses Skydance merger (WSJ) Lloyds Bank axes risk staff after executives complaint they are a ‘blocker’ (FT) US regulator criticises Swiss...
...In a letter last month, Swiss regulator Finma told the Swiss Federal Administrative Court in St Gallen that releasing the files could undermine confidence in the agency, the FT’s Owen Walker and DD’s Robert...
...The acquisition is a non-hostile, $14.1bn deal in which Nippon would pay $55 per share — a 40 per cent premium to the US company’s share price the trading day before the deal....
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...The combination would value the existing common shares of Paramount at about 30 per cent above its current trading share price....
...Coming from Latin America, the Credit Suisse saga was like García Márquez’s A Chronicle of a Death Foretold. You could see it coming....
...Despite many of these stocks trading on high multiples of current sales (and higher multiples of earnings), I own small positions in most of them. The odd ones out are Apple and Tesla....
...Bank of America analysts said the capital raise and new leadership should “provide breathing room” to the bank....
International Edition