BEVERLY HILLS, Calif, May 1 Bankers and
investors who use leveraged loans to fuel deals were bullish on
the market's prospects at a conference this week, shrugging off
concerns that lax underwriting or rapid growth poses a threat to
the financial system.
BEVERLY HILLS Europe, long a major destination of investor capital, is losing lustre, say prominent bankers and asset managers, who are reducing exposure to the area because of concerns about issues ranging from Brexit to France's "yellow vest" protests.
BEVERLY HILLS, Calif. Talks between the United States and China aimed at resolving their trade dispute will likely be resolved "one way or the other" in the next two weeks, White House chief of staff Mick Mulvaney said on Tuesday.
BEVERLY HILLS, Calif. International Monetary Fund Managing Director Christine Lagarde said on Monday she expects the United States and China to reach a deal to end their trade dispute, which has unnerved financial markets and cast a shadow over the global economy.
NEW YORK Top U.S. banks must make deeper cost cuts to drive earnings growth, with revenue expected to remain under pressure for the foreseeable future, analysts said.
Bank of America Corp forecast that net interest income would rise half as fast this year after reporting first-quarter revenue on Tuesday that fell short of expectations.
NEW YORK JPMorgan Chase & Co's better-than-expected first-quarter earnings raised expectations that rival Wall Street lenders would follow suit when they report next week, pushing most bank stocks higher on Friday.
NEW YORK Deutsche Bank said it was open to further restructuring of its U.S. investment bank after Commerzbank executives sought clarity on its plans during merger talks, according to three sources familiar with the matter.