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☆ Dollar a spectator to China news, yen ponders rate risks
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: +3 min

There was more action in bitcoin , which gained 1.2% to $68,341 after surging more than 7% on Monday. The Japanese yen held steady after data showed Tokyo core inflation sped up to 2.5% in February, from 1.8% the previous month. "Accordingly, we're sticking to our forecast that the Bank of Japan will hike interest rates into positive territory next month." The dollar was a fraction lower at 150.44 yen , having again shied away from resistance around 150.85, which has capped the currency for more than three months now. The European Central Bank, or ECB, holds a meeting on Thursday and markets are convinced it will keep rates at 4.0%.

Persons: Marcel Thieliant, Jerome Powell, Sterling, Jeremy Hunt Organizations: People's Congress, Bank of Japan's, Capital Economics, Bank of, Federal Reserve, European Central Bank, ECB, Westpac, . Finance Locations: China, Tokyo, Japan, bitcoin, United States, Beijing, Asia, Bank of Japan

☆ Judges in Trump-related cases face unprecedented wave of threats
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: +20 min

These broadsides frequently trigger surges in threats against the judges, prosecutors and other court officials he targets, Reuters found. In that time, serious threats against federal judges alone have more than doubled, from 220 in 2020 to 457 in 2023, as Reuters reported on Feb. 13. For judges, threats have always been part of the job. Over the last four years, the Marshals investigated more than 1,200 threats against federal judges that they considered serious, according to the data provided to Reuters. Among the 57 federal prosecutions Reuters identified during that period, 47 involved threats against federal judges, six involved threats against state judges, and four involved threats against both.

Persons: Royce Lamberth, Barrett Prettyman, Evelyn Hockstein, Lamberth, Donald Trump, Ronald Reagan, Trump, – Trump, “, ” Royce, Maureen O'Connor, Ronald Davis, stoked, Brett Kavanaugh, Nicholas John Roske, Lewis Kaplan, E, Jean Carroll's, Kaplan, “ Donald Trump, ” Maureen O’Connor, they've, Richard Sullivan, Indiana, Gonzalo Curiel, Curiel, James Robart, Robart, Jon Trainum, Attorney Alvin Bragg, Trump's, Alvin, Bragg, Judge Arthur Engoron, Jefferson Siegel, Arthur Engoron, Tanya Chutkan, Jack, I'm, Chutkan, Smith, Abigail Jo Shry, Derrick Watson, Watson, Patriots.Win, Reggie Walton, Barrett, Elizabeth Frantz, Walton, Jan, Carl Caulk Organizations: District, Reuters, U.S, Capitol, Republican, Trump, U.S . Marshals Service, Marshals Service, ” Royce Lamberth U.S, Ohio Supreme, U.S . Justice Department, Justice Department, Federal Bureau of Investigation, The, FBI, Washington , D.C, Marshals, ” Maureen O’Connor Ohio Supreme, underpins, Trump University, Manhattan, Attorney, AFP, Getty, New York, Washington D.C, Federal Locations: Washington , U.S, al Qaeda, Idaho, Washington ,, New York, ” Maureen O’Connor Ohio, U.S, Mexico, United States, Manhattan, Washington, Texas, Hawaii, Tennessee, New Jersey, Arizona

The scale and ferocity of the conflict in Gaza and the unspeakable suffering of its civilians have rightly provoked the world’s outrage. Syria, too, desperately needs a halt to the violence. But instead, the more than 12-year-long war there grows more intense, now along five fronts in a kaleidoscope of conflict. With the region in turmoil, a dedicated international effort to contain the fighting on Syrian soil is imperative. A lasting truce in Gaza would also considerably calm the situation in Syria, decreasing tensions between the foreign powers — including the United States, Israel and Iran through its proxies — that are active militarily inside the country.

Organizations: ISIS Locations: Gaza, Syria, Turkey, Kurdish, United States, Israel, Iran

☆ Will the Profit Motive Fail Us on AI Safety?
▼ + stars: | 2023-11-27 | by ( ) www.wsj.com time to read: +1 min

A humanoid AI robot in Geneva, July 5. Photo: fabrice coffrini/Agence France-Presse/Getty ImagesThe mission of a for-profit company is, well, profit, the greatest return for investors. That’s the profound ethical crisis at the heart of artificial general intelligence development (“Capitalism Works, Says ChatGPT” by Holman Jenkins, Jr., Business World, Nov. 22). Open AI’s nonprofit mission has been to guard humanity against the possible (and seemingly ever more probable) danger of unleashing artificial general intelligence on the world. If the controlling factor is mere profit, look for the nightmare.

Persons: fabrice coffrini, ChatGPT ”, Holman Jenkins , Jr, “ won’t Organizations: Agence France Locations: Geneva

☆ Trump gag order appeal faces skeptical reception in US court
▼ + stars: | 2023-11-20 | by ( Mike Scarcella | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

Trump is the current frontrunner for the Republican nomination to challenge Democratic President Joe Biden in the 2024 U.S. election. As he mounts his comeback bid, Trump has leveled attacks on prosecutors, court officials and others involved in the welter of criminal and civil cases he faces. The judge has forbidden Trump and his lawyers to criticize prosecutors, court staff and potential witnesses. BAN IN SEPARATE TRIAL LIFTEDA similar restriction in a separate civil business fraud case in New York was temporarily lifted by a state appeals court judge last week. Trump promptly resumed his attacks on a court clerk involved in the case.

Persons: Donald Trump, Greg Abbott, Go Nakamura, Donald Trump's, D, John Sauer, Trump's, Cornelia Pillard, Sauer, Cecil VanDevender, Trump, Joe Biden, Jack Smith, General Merrick Garland, Smith, Tanya Chutkan, Biden's, Mike Scarcella, Andy Sullivan, Will Dunham, Jonathan Oatis Organizations: Republican, Texas, REUTERS, Go, Rights, Trump, U.S ., Appeals, District of Columbia, Justice, Democratic, U.S, Biden, Thomson Locations: Edinburg , Texas, U.S, Washington, New York, Georgia

REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Nacho Gutiérrez-Orrantia, one of Citi's (C.N) 's most senior bankers in Europe, will become the bank's head of banking in Europe as part of its planned restructuring, people familiar with the situation said. In his new role of head of the Europe cluster, the Spanish banker will look after Citi´s businesses in the region. Prior to the restructuring, Europe was part of its EMEA business unit, the second-largest region on a revenue basis, according to Citi's 2022 annual report. Gutiérrez-Orrantia was appointed in 2021 as its co-Head of Banking, Capital Markets and Advisory (BCMA) for Europe, Middle East and Africa (EMEA) and has spent 19 years at the bank. The US bank recently appointed former Deutsche Bank UK deputy CEO Tiina Lee as UK Citi Country Officer (CCO) and UK cluster and banking head.

Persons: Stefan Wermuth, Nacho Gutiérrez, Orrantia, Jens Welter, Jane Fraser, Ernesto Torres, Tiina Lee, Andres Gonzalez, Pablo Mayo Cerquerio, Anousha Sakoui, Louise Heavens Organizations: Citibank, City of, REUTERS, Reuters, Citi, EMEA, Banking, Capital Markets, Advisory, Bilbao, Credit Suisse, Deutsche Bank UK, Citi Country, Thomson Locations: City, City of London, Europe, Spanish, Middle East, Africa, EMEA, America, Asia South, Asia, Australia, Japan

☆ Morning Bid: Banks, Biden visit buoy markets
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Biden leaves later on Tuesday for a high stakes visit to Israel and Jordan and Washington said Israeli Prime Minister Benjamin Netanyahu had agreed to let humanitarian aid reach besieged Gazans. That reversed a pre-weekend 'safety bid' that emerged amid fears an Israeli ground invasion into Gaza could draw other regional countries and groups into the war. Before then, bond markets will have to negotiate tomorrow's 20-year Treasury auction. The relatively new 20-year tenor has often proved unpopular and will be watched closely after a poor reception for the latest 30-year bond last week.

Persons: Brendan McDermid, Mike Dolan, Joe Biden's, Biden, Washington, Benjamin Netanyahu, Wells, Goldman Sachs, Charles Schwab, Jerome Powell's, Vladimir Putin, Xi Jinping, Lockheed Martin, Johnson, JB Hunt, Michelle Bowman, John Williams, Neel Kashkari, Tom Barkin, Luis de Guindos, Joe Biden, Olaf Scholz Organizations: New York Stock Exchange, REUTERS, Treasury, JPMorgan, Citigroup, Bank of America, Bank of New York Mellon, Federal Reserve, HK, Bank of England, Lockheed, United Airlines, Michelle Bowman , New York Fed, Minneapolis Fed, Richmond Fed, European Central Bank, European Union, Luxembourg Retail, Reuters Graphics Reuters, EIA, Thomson Locations: New York City, U.S, Israel, Gaza, Jordan, Israeli, Gazans, Asia, Europe, Wells Fargo, China, Russian, Beijing, Ukraine, United, Canada, Michelle Bowman , New, Frankfurt, Luxembourg, Venezuela

Israeli assets and the shekel remain under pressure and oil and gold prices are marginally higher than last week. World Markets Impact From MidEast Attacks WanesBlackRock chart on its Geopolitical Risk IndicatorNOWHERE TO RUN TO... Last updated shortly before the weekend events in Israel, BlackRock's Geopolitical Risk Indicator - which attempts to capture market attention to political risks - had indeed crept up to six month highs. Releasing its World Economic Outlook on Tuesday, the International Monetary Fund warned that more volatile commodity prices were a possible reflection of both greater climate and geopolitical risk. And yet hand wringing about geopolitical risk in different corners of the globe can also deflect from rising political risks in core economies - not the least in the United States.

Persons: Brendan McDermid, Vincent Mortier, Anna Rosenberg, Kristina Hooper reckons, Hooper, that's, It's, Amundi's Rosenberg, Pierre, Olivier Gourinchas, Gourinchas, Josie Kao Organizations: New York Stock Exchange, REUTERS, West Bank, International Monetary Fund, IMF, Treasury, Reuters, Thomson Locations: New York City, U.S, Israel, Gaza, Iran, United States, Saudi Arabia, Russia, China, Taiwan, Ukraine

☆ Mattel to release Barbie Women in Sports, it's 2023 Career of the Year doll
▼ + stars: | 2023-09-06 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

She’s conquered the box office over the summer, breaking numerous records and turning the “Barbie” movie into a $1 billion global sensation. Mattel, on Wednesday, unveiled Barbie Women in Sports, its 2023 Barbie Career of the Year-themed dolls. Mattel announced its 2023 Barbie Career of the year-themed dolls, representing women's careers in sports. Sports Reporter Barbie wears a patterned purple dress with black heels and carries a pink Barbie notebook and microphone. The ‘Barbie’ movie opened July 21.

Persons: New York CNN — Barbie, She’s, Barbie, Barbie ”, ” Mattel, Lionel Messi’s, Mattel, Jen Welter, Barbie Fashionistas Organizations: New, New York CNN, Warner Bros, Warner Bros ., Mattel, Sports, Adidas, Inter Miami, Voice, NFL, Arizona Cardinals, billings Locations: New York

☆ Bonds bruised, China stocks and rouble sink
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +4 min

With seasonal trading volumes so thin and the events and data diary bare today at least, there's a danger of over-interpreting recent market developments. But the backup in long-term U.S. bond yields over the past couple of weeks despite relatively unchanged expectations for Federal Reserve policy moves has clearly unsettled investors. Although 2-year Treasury yields remain below 5% and are lower than they were at midyear, 10-year Treasury yields continue to probe 9-month highs around 4.20% and the yield curve has disinverted by some 20 basis points this month as a result. China's yuan hit its lowest since June as traders look to a possible easing of 1-year interest rates on Tuesday. Events to watch for on Monday:* U.S. Treasury auctions 3-, 6-month billsReuters GraphicsReuters Graphics Reuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, editing by XXXX <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

Persons: Brendan McDermid, Mike Dolan, Fitch, Goldman Sachs, Russia's Organizations: New York Stock Exchange, REUTERS, Micron Technology, Federal Reserve, United States, AAA, Treasury, . Treasury, Kremlin, Shanghai, Reuters, Thomson Locations: New York, U.S, United, midyear, China, Japan, Ukraine, Hong Kong, Asia

☆ How to invest in the massive and urgent demand for infrastructure, according to the manager of a $40 billion firm that does just that
▼ + stars: | 2023-07-20 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

It's not investing in infrastructure directly," Wahba told CNBC. "All the technology around infrastructure services, I think is an area which is going to grow exponentially," Wahba told CNBC. More infrastructure systems are going to become digitized, which means those systems increasingly become vulnerable to cybersecurity attacks. The danger of hackers with bad intentions getting into infrastructure systems is especially scary. Otherwise, privatizing infrastructure "is a recipe for disaster," Wahba told CNBC.

Persons: Sadek Wahba, Wahba, It's, Burger, Charles, Gaulle Organizations: Squared Capital Advisors, P Global, Bloomberg, Getty, Squared, Biden's, Infrastructure Advisory Council, CNBC, Companies Locations: Houston , Texas, New York City, Manhattan, cybersecurity, United States, United Kingdom, Paris, JFK, U.S

☆ Britain to set up real-time bond and stock trading record
▼ + stars: | 2023-07-04 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, July 5 (Reuters) - Britain's financial watchdog proposed a real-time record of stock and bond prices on Wednesday to help investors spot the best deals and improve the capital markets' attraction. The Financial Conduct Authority (FCA) said it was proposing to create a 'consolidated' tape, which combines trading data from the London Stock Exchange and other platforms, to increase transparency and access to trading. The FCA aims to have the regulatory framework in place by 2024 and would run a competitive tender for a bonds market tape first, followed by stocks. Later this year, the watchdog will consult on further reforms to the transparency of bond and derivatives markets to aid delivery of trading data alongside a tape. "The new consolidated tape will help reduce trading costs, increase transparency and improve data quality," said Sarah Pritchard, the FCA's executive director for markets.

Persons: Sarah Pritchard, Huw Jones, Christina Fincher Organizations: of, Union, Financial Conduct Authority, London Stock Exchange, EU, Thomson Locations: of London, Europe

The sexism that has prevented girls from competing in sports has also prevented women from becoming youth coaches. In March, Nike launched Coaching HER in a partnership with the University of Minnesota's Tucker Center for Research on Girls & Women in Sport. Fry co-founded the Strong Girls program at the University of Kansas, where young girls are assigned a female college student as their mentor. She says this approach isn't only benefit to girls, but extends to youth athletes of all genders, and female coaches as well. Nike's 20,000 female coach goal Nike is one of the few major companies directly addressing this issue.

Persons: John Donahoe, Mary Fry, Jen Welter, it's, Welter, Vanessa Garcia, Brito, Billie Jean King, Fry, Alison Oliver, … it'd, Kate Mcshane, Christina Collins, Collins, Bob Iger, Florida Governor Ron DeSantis, Donahoe, It's Organizations: Portland Press Herald, Nike, University of Kansas, Aspen Institute's, Olympic, University of Minnesota's, Center for Research, Girls, Sport, Aspen Institute, Tucker Center, Sports Foundation, Youth Sport, Women's Sports Foundation, Getty, Manhattanville College, Target, Disney, Bank of America, CNBC, Summit, Florida Governor Locations: Aspen, London, Hackney, Westchester County, Santa Barbara , California

☆ PGA Tour-LIV Golf merger is a major win for the Saudis — and Americans are slamming it
▼ + stars: | 2023-06-07 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

It's lured some of the biggest golf stars away from the PGA Tour with huge paychecks, spurring antitrust lawsuits with the American organization. "This is Saudi Arabia buying the PGA tour," sports talk show host Rich Eisen said in his broadcast after hearing the news. USA Today sports columnist Christine Brennan called the move "a total wimp-out by the PGA Tour. Glyn Kirk | AFP | Getty ImagesSocial media was rife with self-described golf fans vowing to never again watch the PGA Tour. Pro golfer Phil Mickelson, another member of the LIV Tour, tweeted "Awesome day today" in response to the news.

Persons: LIV Golf, that's, —, LIV, Saudi Crown Prince Mohammed bin Salman, It's, Jay Monahan, Rich Eisen, Pat Welter, it's, Christine Brennan, Tiger Woods, Glyn Kirk, Ron Wyden, Chris Murphy, Jamal Khashoggi, Saudi LIV, Monahan, Saudi Arabian Crown Prince Mohammed bin Salman, Jim Watson, Bryson DeChambeau, DeChambeau, Phil Mickelson, Jeffries, Yasir Al, Cristiano Ronaldo, Saudi Arabia's, Al Organizations: PGA Tour, Saudi, LIV Players, PGA, Saudi Arabia's Public Investment Fund, Saudi Crown, CNBC, Twitter, 150th, St, AFP, Getty, LIV, Washington Post, Amnesty, Saudi Arabian Crown, Saudi Embassy, Washington D.C, Saudi Foreign Ministry, CNN, Royal, Anadolu Agency, Getty Images Investment, Rumayyan, Nassr Football Club, Al Nassr Football Locations: Saudi Arabia, North Carolina, Saudi, Scotland, Oregon, Connecticut, American, Washington ,, Washington, videoconference, Riyadh, PIF, Portuguese

☆ With His Tale of Shipwreck, David Grann Is Steady as He Goes
▼ + stars: | 2023-04-14 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +2 min

THE WAGER: A Tale of Shipwreck, Mutiny and Murder, by David GrannThere were multiple moments while reading David Grann’s new book, “The Wager,” about an 18th-century shipwreck, when it occurred to me that the kind of nonfiction narratives The New Yorker writer has become known for share something essential with a sturdy ship. A vessel freighted with historical controversy, tangled facts and monomaniacal characters needs to be structurally sound, containing and conveying its messy cargo. It should be resilient yet nimble enough to withstand the unpredictable waters of readers’ attentions and expectations. The men were survivors of the H.M.S. Wager, a British man-of-war that had left England nearly a year and a half before, part of a squadron that had been tasked with capturing a Spanish galleon filled with treasure.

☆ Analysis: Italian first! Meloni's nationalists defend cultural identity at risk of irking EU
▼ + stars: | 2023-04-12 | by ( Angelo Amante | ) www.reuters.com time to read: +5 min

[1/2] General view of the Colosseum next to a subway's construction sites in Rome, Italy, February 16, 2023. Almost six months after taking office, Prime Minister Giorgia Meloni's right-wing government is pushing out bills that promise to promote national identity, defend the traditional family, protect cultural heritage and hold back migrants. Recent proposals include a bill to safeguard the Italian language and a ban on lab-grown food. "Italian mines are made up of culture, gastronomy, language, arts, fashion, history, archaeology and monuments. "Identity messages are meant to tell the electorate that Brothers of Italy will not give up its line," analyst Panarari said.

Credit Suisse's investment bankers are not waiting around to find out if UBS will give them jobs. UBS executives have pulled no punches when discussing the future of Credit Suisse's investment banking teams and trading desks. Jeff CohenA two-decade Credit Suisse veteran, Cohen heads up Credit Suisse's leveraged and acquisition finance business from New York. Previously, Cohen was Credit Suisse's head of global credit products and global head of leveraged finance capital markets. Marco SuperinaA Credit Suisse veteran since 1997, Superina heads Credit Suisse's M&A efforts in the firm's native Switzerland.

☆ For Long-Term Health and Happiness, Marriage Still Matters
▼ + stars: | 2023-03-18 | by ( Brendan Case | Ying Chen | ) www.wsj.com time to read: +1 min

When European travelers first encountered the Warlpiri of Australia’s Outback or the Kalapalo of the Amazon Basin in the 19th century, at least one institution would have been familiar amid the welter of cultural differences. As in the West, life among the Warlpiri and Kalapalo is profoundly shaped by marriage. In their own ways, the members of both of these societies strive to attract desirable spouses and then to raise children and forge a life together. As anthropologist Joseph Henrich observes, despite important variation in its form across cultures, “marriage represents the keystone institution for most (not all) societies, and may be the most primeval of human institutions.”Marriage might be nearly ubiquitous, but does it still matter today? As reliable contraception has lowered the stakes of sex, and women have achieved political and, in some cases, economic equality with men, perhaps marriage has now become merely optional, a capstone rather than a cornerstone of a successful life.

☆ Britain to bolster the City after Silicon Valley Bank collapse
▼ + stars: | 2023-03-15 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

[1/2] A person walks over Millennium Bridge amidst early morning fog, as the sun rises beyond the City of London financial district in the background, in London, Britain, February 8, 2023. Following the collapse of its parent company in the United States, Silicon Valley Bank's UK arm was sold to HSBC over the weekend to avoid disrupting its customers in Britain. Hunt said he would make a statement in the autumn on how the UK financial system would be strengthened. City Minister Andrew Griffith has said that an accounting rule for pension funds has become a "performance penalty" which holds back investment in Britain. The financial sector has called for faster implementation of the proposals after Amsterdam overtook London as Europe's biggest share trading centre.

☆ In economics, women's voices still struggle to be heard
▼ + stars: | 2023-03-08 | by ( Maria Martinez | ) www.reuters.com time to read: +5 min

There seems to be a lot to celebrate on International Women's Day in the field of economics. Women head the International Monetary Fund, the World Trade Organization, the U.S. Treasury and the European Central Bank. "The pervasive underrepresentation of women in economics is systemic and structural," Ngozi Okonjo-Iweala, the first woman to head the World Trade Organization, told Reuters. "There are no women in the textbooks and most big names in economics are men," said Sandra Kretschmer, economics researcher and member of the Women in Economics Initiative. Women and men tend to have different research interests, said Alisa Weinberger, economics researcher at Goethe.

☆ U.K. PM Sunak makes surprise trip to Ukraine and pledges support
▼ + stars: | 2022-11-19 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

The video Zelenskyy posted showed him greeting Sunak at a presidential palace as snowflakes fell and the two men holding talks. Sunak tweeted: “Britain knows what it means to fight for freedom. We are with you all the way @ZelenskyyUa.”The U.K. has been one of the staunchest Western supporters of Ukraine’s resistance to Russia’s invasion, giving Kyiv 2.3 billion pounds ($2.7 billion) in military aid. Former U.K. Prime Minister Boris Johnson, who stepped down in July amid a welter of ethics scandals, won wide praise in Ukraine for his backing. Sunak is keen to reassure Ukraine’s leaders that there will be no change of stance under his leadership, though when he was U.K. Treasury chief under Johnson he was considered resistant to demands for higher defense spending.

Web Summit, the sector’s annual bash held in Lisbon, is doing the opposite. And the usual welter of tech companies, investors and celebrities are still milling around. That new strain of reality-based tech investing has a lot further to go, though. The relative lack of investor focus at Web Summit on new technologies that could really move the dial, such as ways to ease climate change, is striking. The sector, Smith told Breakingviews, will increasingly “influence what people talk about and who comes to Web Summit”.

LONDON, Oct 27 (Reuters) - Seeking to restore vigour to a business that's been languishing, Credit Suisse (CSGN.S) says it will reshape its investment bank by resurrecting the First Boston brand. Still, Credit Suisse says it expects CS First Boston to generate 14% of total group revenue by 2025, starting with annual sales of about $2.5 billion. Credit Suisse has been plagued by an exodus of senior bankers over the past 18 months. Yet most trading activities will remain within Credit Suisse, raising questions on CSFB's ability to compete with the likes of Goldman Sachs and JPMorgan (JPM.N). Credit Suisse is hoping to eventually pursue an initial public offering of CSFB, Körner told analysts.

☆ If Credit Suisse loves its bankers, set them free
▼ + stars: | 2022-10-21 | by ( Liam Proud | ) www.reuters.com time to read: +6 min

LONDON, Oct 21 (Reuters Breakingviews) - Credit Suisse (CSGN.S) is a weak bank with some strong bankers. SECOND COMINGImagine, then, that Credit Suisse spins out its advisory and capital-markets business. But Credit Suisse has never quantified the business it wins from intragroup referrals, which suggests it is low. In this case, it will be higher if those people are no longer at Credit Suisse. First Boston was a U.S. investment bank in which Credit Suisse first bought a stake in 1978.

☆ Wall Street shops get dinged for nearly $2 billion in penalties for failing to police bankers' use of Whatsapp
▼ + stars: | 2022-09-28 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

Some of the world's largest banks from Goldman Sachs to Morgan Stanley will cough up nearly $2 billion in penalties to the US regulators for failing to sufficiently monitor their employees' use of unauthorized messaging apps. At the heart of the matter here are bankers' use of communications platforms like Whatsapp or Signal. These are encrypted messaging apps that bankers regularly use to communicate with clients and even journalists. The largest US banks, boutiques, and European lenders were caught up in a probe around the use of unauthorized messaging apps. Whatsapp, for example, is a popular messaging app with bankers dealing with clients based outside the US.

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