Goldman Sachs on Monday forecast a tighter oil market for longer amid strong demand growth and the likelihood that rising supply disruptions could counter any increase in OPEC production.
SHANGHAI Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.
(This version of June 15 story corrects calculation of threshold in paragraph 12.)
NEW YORK The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new retirement accounts that paid them commissions, according to a source familiar with the situation.
NEW YORK Citigroup Inc agreed to pay $100 million (75.3 million pounds) to settle charges by most U.S. states that it defrauded government and nonprofit entities by manipulating Libor, an interest rate benchmark that underlies a wide range of consumer transactions.
LONDON/PARIS Bank of America has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.
ROME An Italian administrative court has ruled that it cannot hear a case over derivatives brought against Morgan Stanley that included a request for 2.7 billion euros (2.3 billion pounds) in damages from the U.S. investment bank.
COPENHAGEN Public confidence in Danske Bank has dropped since it admitted to failings in its anti-money laundering controls in Estonia, according to a poll, leading investors to urge Denmark's biggest lender to step up the pace of reform.
LONDON Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week of inflows, Bank of America Merrill Lynch said on Friday.
LONDON HSBC's push into credit cards and personal loans in the United States will be no easy task as the bank faces entrenched domestic rivals and the legacy of a previous disastrous foray into U.S. lending.