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Top related persons:
Florence - 1 BNY Mellon - 1 Zhiwei Ren - 1 Ransom - 1 Allen - 1 James Pearson - 1 Davide Barbuscia - 1 Carolina Mandl - 1
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Beijing China Commercial Bank of China U.S Tox United States London Carolina
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Industrial - 1 Commercial Bank of China - 1 REUTERS - 1 Commercial Bank of - 1 U.S . Treasury - 1 Penn Mutual Asset Management - 1 Treasury - 1 U.S . Treasury Department - 1

Search resuls for: "Zhiwei Ren"


2 mentions found


☆ Gang says ICBC paid ransom over hack that disrupted US Treasury market
  + stars: | 2023-11-13 | by ( James Pearson | Thomson Reuters | Reports On Hacks | ) www.reuters.com   time to read: +3 min
The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. ICBC, whose U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on Nov. 9, did not immediately respond to a request for comment. "They paid a ransom, deal closed," the Lockbit representative told Reuters via Tox, an online messaging app. "The market is mostly back to normal now," said Zhiwei Ren, a portfolio manager at Penn Mutual Asset Management. The ransomware attack came at a time of heightened worries about the resiliency of the $26 trillion Treasury market, essential to the plumbing of global finance, and is likely to draw scrutiny from regulators.
Persons: Florence, BNY Mellon, Zhiwei Ren, Ransom, Allen, James Pearson, Davide Barbuscia, Carolina Mandl, Tatiana Bautzer, Pete Schroeder, Michelle Price, David Goodman, Jonathan Oatis, Alexander Smith Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of, Reuters, U.S . Treasury, Penn Mutual Asset Management, Treasury, U.S . Treasury Department, Financial, Authorities, Boeing, Overy, Washington DC, Thomson Locations: Beijing, China, Commercial Bank of China, U.S, Tox, United States, London, Carolina, New York, Washington
☆ Analysis: As U.S. Treasuries tumble, some investors say turning point is near
  + stars: | 2022-10-21 | by ( Davide Barbuscia | ) www.reuters.com   time to read: +4 min
NEW YORK, Oct 21 (Reuters) - Some investors believe Treasury yields are close to peaking, even as markets continue pricing in more hawkishness from a Federal Reserve bent on taming the worst inflation in decades. Others think higher yields will soon start luring investors into Treasuries. Vanguard, the world’s second-largest asset manager, last month told Reuters that U.S. Treasuries are near the end of a painful decline. Zhiwei Ren, managing director and portfolio manager at Penn Mutual Asset Management, believes yields may subside if the economy enters a recession. But he said persistent labor shortages, broken supply chains and other long-term changes in the global economy are likely to keep inflation elevated.
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