Factbox: Crypto companies crash into bankruptcy
Dec 1 (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of...
Analysis: Blackstone REIT restriction a possible warning sign for markets
LONDON, Dec 2 (Reuters) – While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone real estate...
Credit fund outflows in 2022 unwind last year’s inflows -BofA
LONDON, Dec 2 (Reuters) – Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year’s inflows, BofA Global Research...
S&P warns of possible trebling of U.S., European default rates
LONDON, Dec 1 (Reuters) – Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and...
HSBC will have to share custody with JPMorgan of $52 bln in gold bars
LONDON, Dec 1 (Reuters) – JPMorgan (JPM.N) will join HSBC (HSBA.L) in storing bullion for the world’s biggest gold-backed exchange-traded fund (ETF), the fund’s operator...
U.S. dollar ‘true’ peak still a couple of quarters away -Goldman
NEW YORK, Nov 18 (Reuters) – Investors anxious to determine when the dollar should hit its peak may have to wait a few more quarters,...
Fed’s Barr: Concerned about blowback to financial system from crypto
Nov 15 (Reuters) – Michael Barr, the Federal Reserve’s top financial regulatory official, on Tuesday said he is concerned about risks from the non-bank sector,...
Factbox: Corporate America braces for large-scale layoffs
Nov 10 (Reuters) – Corporate America is making deep cuts to its employee base as part of its restructuring efforts to navigate a potential downturn...
Investors face unclear outcome in midterms, with questions over spending, regulation
NEW YORK, Nov 9 (Reuters) – Investors on Wednesday were weighing a surprising outcome in the U.S. midterm elections, as a better-than-expected showing by Democrats...
Exclusive: Morgan Stanley to start layoffs in coming weeks as dealmaking slows
HONG KONG, Nov 3 (Reuters) – Wall Street major Morgan Stanley (MS.N) is expected to start a fresh round of layoffs globally in the coming...