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Japan could intervene to protect yen if Fed hikes
NEWS INDUSTRY NEWS SEP 20, 2023
Japan could intervene to protect yen if Fed hikes

But Janet Yellen says it should not aim to impact exchange rate.

Why rising oil prices are not what the Fed needs right now
NEWS INDUSTRY NEWS SEP 19, 2023
Why rising oil prices are not what the Fed needs right now

Despite expectation for a hold-steady by the Fed this week, higher energy costs could derail soft-landing

Global economy to slow says OECD
NEWS INDUSTRY NEWS SEP 19, 2023
Global economy to slow says OECD

The impact of higher interest rates is impacting growth.

UBS to set out US growth plan, but not until early 2024
NEWS WIREHOUSES SEP 19, 2023
UBS to set out US growth plan, but not until early 2024

Diversified revenue streams and Credit Suisse integration are key components.

High-yield debt issuance to accelerate, says BlackRock
INVESTING FIXED INCOME SEP 19, 2023
High-yield debt issuance to accelerate, says BlackRock

Global issuance for leveraged loans and high-yield bonds jumped to over $40 billion this month.

Citigroup launches digital token service
INVESTING ALTERNATIVES SEP 19, 2023
Citigroup launches digital token service

The firm is widening its digital assets offering to institutional investors.

Morgan Stanley sued for $750M by private equity firms claiming fraud
NEWS WIREHOUSES SEP 18, 2023
Morgan Stanley sued for $750M by private equity firms claiming fraud

The disputed deal involved a loan to Miami-based Brightline Holdings, which is developing a high-speed rail line between Los Angeles and Las Vegas.

Markets prep for big week of rates, data
NEWS INDUSTRY NEWS SEP 18, 2023
Markets prep for big week of rates, data

US, Japan, UK rates among key events this week.

Wealthy tax dodgers targeted by IRS new agent hires
NEWS REGULATION AND LEGISLATION SEP 18, 2023
Wealthy tax dodgers targeted by IRS new agent hires

Tax officials will focus on high earners and corporations that are not paying their fair share.

2024 to be a tough one for equities, says Morgan Stanley
INVESTING EQUITIES SEP 18, 2023
2024 to be a tough one for equities, says Morgan Stanley

Bearish strategist Michael Wilson sees challenging times ahead for riak assets.