Banks Arent as Safe as They Think
August 24, 2018

In the decade since the collapse of Lehman Brothers, regulators around the world have taken steps which, they argue, have greatly strengthened the resilience of the financial system. Buoyant asset prices and rising bank shares suggest that investors largely believe Continue reading

Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite
August 21, 2018

The summer holiday in the bond market may be a long one for Turkey.

New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond Continue reading

The Goldman Lunch That Set the Scene for 1MDB’s Money Probe
July 5, 2018

In a private dining room at Singapore’s Taste Paradise restaurant, over a meal of abalone and suckling pig, two Goldman Sachs Group Inc. bankers were explaining a $1.75 billion bond offering to six executives of a Swiss bank.

It was Continue reading

Mnuchin Sees Solid Treasuries Demand After Record U.S. Borrowing
May 17, 2018
  • Treasury sees stage set for growth pickup over near term
  • CBO sees U.S. budget deficit rising to $1 trillion by 2020

U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after Continue reading

Tesla Asks for Model 3 Factory Volunteers to Prove Haters Wrong
April 2, 2018
  • Some Model S and X workers may switch to Model 3 line Friday
  • Reaching goal would be ‘incredible victory,’ executive says

Tesla Inc. exhorted its factory workers to prove wrong the “haters” betting against the company and is letting a Continue reading

Wells Fargo Is the Go-To Bank for Gunmakers and the NRA
March 9, 2018

Wells Fargo & Co. has emerged as the preferred financier for the U.S. gun industry.

The bank has helped two of the biggest U.S. firearm and ammunition companies access $431.1 million in loans and bonds since December 2012, when the gun Continue reading