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The Daily Capital Markets Digest
Big Four must boost capital buffers by close to US$1trn
David Escoffier, deputy head of global markets at Societe Generale and CEO of Newedge, has decided to leave the company. Escoffier had been heavily responsible for building up the French bank’s equity derivatives capabilities in London.
Bonds from embattled Malaysian state investment fund 1MDB tumbled late on Monday after Abu Dhabi’s International Petroleum Investment Corporation said it would no longer service interest payments on US$3.5bn of the fund’s debt.
(Reuters) - If Britons vote to leave the EU, London’s financial centre faces losing one of its top money spinners - the trade in trillions of euros in derivatives - and the European Central Bank will be pushing hard for the business to move onto its patch.
A Tuesday that feels like a Monday and only four days until Friday; there’s nothing wrong with that. The world was, nevertheless, not entirely asleep and we return to a world that is still struggling to know which side is up.
Lessons from central bank-government squabbling.
The development of self-driving cars is a good example of how, and why, the future may be a less profitable place for investors.
Another month gone and, to be fair, not too bad a one in most peoples’ books. Despite a soft day on Wall Street which saw the Dow fall by 1.17% and the S&P by 0.92%, both indices are still in positive territory for the month.
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