Traders have poured a record amount of money into bonds over the past 3 months — and it shows just how worried they are aBusiness Insider - Carmen Reinicke• Investors have poured a record $155 billion into bond funds over the last three months.• Since much of this activity has been in the form of sovereign debt purchases, it shows investors are seeking
Deutsche Bank Deutsche Bank pays SEC $16 million over "princeling" hiresQuartz - Mary HuiOne contender for a job at Deutsche Bank was described as “an average-level candidate based on the interviews but failed 2 tests which means she is not good at analysis.” She was hired anyway. Her father
Green Bonds Ever Thought Of A 100-Year Green Bond? French Railway Firm Is Pitching The World's FirstForbes - Gaurav SharmaI cover commodities, mostly oil & gas, often debunking risk premiums. French national railway network operator Societe Nationale des Chemins de Fer Réseau (SNCF Réseau) has launched the world's first green
Credit Suisse Tidjane Thiam’s overhaul of Credit Suisse is paying offThe Economist TIDJANE THIAM is not the first non-Swiss chief executive of Credit Suisse. His American predecessor, Brady Dougan, held the job for eight years. But …
WeWork WeWork's $47 billion private valuation could imperil its IPOBusiness Insider - Troy WolvertonIt hasn't been a great year for unicorns. It could be an even worse one for WeWork. Unicorns is the term used for startups with private valuations north of $1 billion. Some of the most highly valued among
Bond Markets Guggenheim's Scott Minerd warns world bond markets are in a 'bubble'Reuters India - By Jennifer Ablan(Reuters) - The bond market is in a "bubble," particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal to
Alibaba is reportedly delaying its multibillion-dollar Hong Kong IPO due to massive protests throughout the city (BABA)Business Insider - Daniel Strauss• Alibaba will reportedly postpone its multibillion-dolllar Hong Kong initial public offering due to rising political instability and protests within the city, according to Reuters.• The deal was originally
Hedge funds have already seen nearly $20 billion more in outflows this year than in all of 2018Business Insider - Ben Winck• Hedge funds have already seen $20 billion more in outflows this year compared to 2018 as investors seek lower fees and better performance, Bloomberg reported.• The funds lost $8.4 billion from investor
HSBC Banks condemn Hong Kong violence in newspaper advertsBBC NewsHSBC and Standard Chartered have taken out newspaper adverts in Hong Kong condemning the violence in the Asian financial hub. In the adverts, the banks also called for a peaceful resolution after more
Bond Markets The Japanification of bond marketsThe Economist IN THE 1920S E.M. Forster, an English novelist, set out the difference between a story and a plot. “The king died and then the queen died” is a …
Free, I want to be free. New digital currencies could affect asset prices and central bank policiesaberdeenstandard.com During August many families travel on holiday to far flung climes. When they arrive, how will they buy their tourist souvenirs? Today it might be …
Brexit Exodus from UK assets gains pace as Brexit loomsfunds-europe.com - By Alex Rolandi Global investors shunned UK assets in July as the possibility of a hard Brexit increased following the rise to power of Boris Johnson as the UK’s …
Deutsche Bank Deutsche Bank clamps down on hiring amid €7.4bn restructuringcityam.com - James Booth Deutsche Bank is tightening its procedures for new hires as it undergoes a major restructuring and headcount reductions. According to an internal memo …
Banking The One Job in Banking the Robots Can’t TakeBloomberg - Elisa Martinuzzi When HSBC Holdings Plc thwarted a $500 million central-bank heist, sophisticated computer software didn’t raise the alarm. The funds flowed …
Goldman Sachs Goldman Sachs to recruit coders for trading floor in big hiring spreeBusiness Insider - Daniel Strauss• Goldman Sachs is looking to recruit more than 100 coders for its trading business as part of the firm's biggest hire spree in years, according to Bloomberg.• Adam Korn, the co-head of engineering for
More People Than Ever Want to Be in Asset Management, CFA Data Showsinstitutionalinvestor.com - Leanna Orr Nearly 200,000 people braved the Charted Financial Analyst (CFA) Institute’s exams last June — a record high, according to data released …
Volcker Rule U.S. regulators hand Wall Street a major win with stripped-down 'Volcker Rule'Reuters - Pete SchroederWASHINGTON (Reuters) - U.S. banking regulators on Tuesday eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from
Cryptocurrency Exchanges Over $4bn stolen from cryptocurrency exchanges in H1funds-europe.com - By Alex Rolandi Cryptocurrency thefts and scams have surged throughout 2019 so far, with criminals and fraudsters netting billions from users and exchanges as …
NatWest Barclays tops list of banks with most IT shutdownsBBC News - Simon ReadLong-suffering bank customers are facing an average of 10 digital banking shutdowns a month, according to new figures. UK banks began publishing details of the number of operational and security incidents
Alibaba Group Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests: sourcesreuters.com - Julie Zhu and Greg RoumeliotisHONG KONG/NEW YORK (Reuters) - China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial two
Securities Citadel Securities recommended reading list from tradersBusiness Insider - Dan DeFrancescoIf your reading list is looking bare as summer winds down, one of the largest trading firms in the world has you covered. Citadel Securities, the market maker founded by Ken Griffin, released a fall reading
Deutsche Bank Deutsche Bank's 2019 org chart after restructuringBusiness Insider - Alex Morrell, Shayanne Gal, Yutong YuanBeleaguered German lender Deutsche Bank is undergoing an historic overhaul: Amid mounting losses and a plummeting share price, the firm announced this summer plans to gut its stock-trading business, restructure
Goldman Sachs Goldman Sachs co-led $72.5 million round in AI companyBusiness Insider - Dan DeFrancescoA startup hoping to democratize the use of artificial intelligence just got a big boost from one of the most prestigious firms on Wall Street and the world's largest insurance company. H2O.ai on Tuesday
Bloomberg L.P. ‘Wall of New Money’ Flees Negative Rates for American Credityahoo.com - Caleb Mutua (Bloomberg) -- Blue-chip U.S. companies are likely to see a surge in demand for their bonds as the rising amount of negative-yielding debt globally …
CEOs America’s CEOs Seek a New Purpose for the CorporationFortune For Milton Friedman, it was simple. “There is one and only one social responsibility of business,” the Nobel economist wrote in 1970: to “engage in …
Lehman Brothers Barclays loses 5 financial-institutions bankers in one monthBusiness Insider - Dakin Campbell, Trista KelleyIn March, the former Barclays exec sent an email to his ex-boss and Barclays CEO, Jes Staley, over what Throsby called wrongheaded plans to reach profitability goals by cutting pay across the investment
ECB Warns That No European Bank is Safe From Hackerstechnadu.com - Bill Toulas • ECB director general believes that getting hacked is only a matter of time if you trust external storage.• Cloud services aren’t weak in terms of …
Deutsche Bank Humbled Deutsche Bank faces battle in its own backyardReuters - By Tom Sims and Patricia UhligFRANKFURT (Reuters) - Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the lender's
Investing Would you accept a loss to keep your money safe?BBC News - Dan AscherSome of the world's biggest investors are so worried about the future of the global economy that they have taken the extraordinary step of paying for governments to look after their cash. They are nervous
