Bloomberg

Bloomberg
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UBS joins Chinese lenders drawn into $2B money laundering probe
RIA NEWS OCT 18, 2023
UBS joins Chinese lenders drawn into $2B money laundering probe

Alleged gambling ring arrests have sparked police investigation into where the profits were stored.

Treasury market volatility feels like pandemic-era 2020
FIXED INCOME OCT 17, 2023
Treasury market volatility feels like pandemic-era 2020

Volatility is heightened by uncertainty but yields are still trending higher.

Bitcoin up 10% as investors weigh potential ETF green light
RIA NEWS OCT 17, 2023
Bitcoin up 10% as investors weigh potential ETF green light

A false report claimed that the SEC had approved BlackRock's spot ETF application.

JPMorgan breaks 2-year green bond freeze with $7B sale
RIA NEWS OCT 17, 2023
JPMorgan breaks 2-year green bond freeze with $7B sale

Green bond sales have surged in 2023.

Retail rebound? Holiday season spending to grow, says Deloitte
RIA NEWS OCT 17, 2023
Retail rebound? Holiday season spending to grow, says Deloitte

The firm sees a 14% jump but middle-income consumers may be constrained.

Grayscale bitcoin discount narrows with conversion to ETF seen as ‘inevitable’
ETFS OCT 16, 2023
Grayscale bitcoin discount narrows with conversion to ETF seen as ‘inevitable’

The prospect of Grayscale converting its bitcoin trust into an ETF is seen as more likely after the SEC declined to appeal a court ruling in Grayscale's favor.

Schwab net interest revenue drops 24% as clients move cash
RIA NEWS OCT 16, 2023
Schwab net interest revenue drops 24% as clients move cash

The Fed's rate hikes have pressured Schwab's banking arm by encouraging some clients to shift money from the bank to other investment products.

Markets weak as US and allies try to calm Middle East tensions
RIA NEWS OCT 16, 2023
Markets weak as US and allies try to calm Middle East tensions

Traders are also watching reports that US will curb China's access to lucrative semiconductors market.

As year-end approaches, maybe the 'year of the bond' will be 2024?
RIA NEWS OCT 16, 2023
As year-end approaches, maybe the 'year of the bond' will be 2024?

This year proved to be a tough one instead of the boom strategists expected, but there’s always next year.

Footwear firm's IPO shows US market is yet to find its feet
RIA NEWS OCT 16, 2023
Footwear firm's IPO shows US market is yet to find its feet

Market challenges have subdued debuts on Wall Street and globally.