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UPDATE 1-Big banks face probe over NDAs in swaps, clearing businesses, Bloomberg reports
Commodity Futures Trading Commission asks banks for NDAs in swaps, clearing businesses, Bloomberg reports. CFTC wants to see if banks are preventing would-be whistleblowers from speaking out, report says. JPMorgan Chase, Bank of America and Citigroup among banks facing probe.
Reuters · 2h ago
What to Watch in the Day Ahead - Wednesday, April 24
Meta Platforms' revenue is expected to grow 26% as AI investments drive higher engagement at Instagram. Boeing expected to report a much higher cash burn and its first revenue fall in seven quarters. AT&T expected to post weak subscriber additions in the first quarter. Census Bureau to report orders for durable goods rose 2.5% in March.
Reuters · 3h ago
MEDIA-Big banks face probe over non-disclosure agreements in swaps, clearing businesses- Bloomberg News
Reuters · 5h ago
PREVIEW-Goldman and BofA face renewed calls to split CEO, chairman's roles
Goldman Sachs and Bank of America face renewed calls to split CEO, chairman's roles. Proxy advisers recommend investors vote for the banks to separate their CEO and chairman roles. After the 2008 financial crisis, investors seeking to improve risk oversight mounted efforts to split the roles. Goldman and BofA contend that their lead independent board directors provide sufficient oversight.
Reuters · 11h ago
Golden Goose's net revenues up 12% in first quarter
Italy's Golden Goose's revenues up 12% in first quarter. Luxury sneaker maker's sales in the direct-to-consumer channel grew 20%. Group preparing for a likely initial public offering in Milan in 2024. Former Gucci CEO Marco Bizzarri appointed to board of Golden Goose.
Reuters · 18h ago
US business equipment borrowings fell 7% in March, ELFA says
US business equipment borrowings fell 7% in March, Equipment Leasing and Finance Association says. Companies signed up for loans, leases and lines of credit worth $9.3 billion in March. Equipment and software investment should pick up in the latter part of the year, ELFA says.
Reuters · 1d ago
EXCLUSIVE-Galp seeks to sell stake in Namibia oilfield after discovery, sources say
Portuguese oil company Galp seeks to sell stake in Namibia oilfield after discovery, sources say. Galp's Mopane discovery is estimated to hold at least 10 billion barrels of oil and gas equivalent. Sources say Galp is offering to sell half of its stake in the exploration block.
Reuters · 1d ago
BREAKINGVIEWS-Private credit paints a new scream for banks
Sotheby’s Financial Services has successfully priced $700 million of bonds backed by loans made against wealthy patrons’ art collections. Private credit providers are trying to compete with traditional lenders. The deal is an example of how a rebounding securitization market could help banks compete. Offbeat assets are a growing share of private credit.
Reuters · 1d ago
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