The European Banking Authority has launched a public consultation on its discussion paper on significant risk transfer in securitisation.
Electronic bond-trading platform Trumid has launched a continuous pricing service for corporate bonds, which aims to ease a liquidity crunch by extending reliable bid/offer information to a broader range of fixed income securities.
Global transaction banking revenues rose 4% to US$13.8bn in the first half of this year from a year ago, led by a jump in cash management income in the Americas and Asia, analysis firm Coalition said.
Bitcoin “is a fraud” and will blow up, JP Morgan chief executive Jamie Dimon said on Tuesday.
CBOE plans to launch options contracts referencing the 10 sector indices that comprise the S&P 500, offering investors new ways to efficiently incorporate US sector strategies into their portfolios.
Citigroup’s third-quarter markets revenue is running about 15% percent less than a year earlier when volatility was boosted by reactions to the Brexit vote and US elections, chief financial officer John Gerspach said on Monday at an investor conference.
INVESTMENT BANKERS LOVE IPOs more than most. These days that’s largely because of the high fees such deals attract, rather than the kudos that comes with being a go-to adviser and underwriter (those bragging rights have been slipping away as the act of going public has lost its lustre as the highest-form corporate end-state).