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“It’s no easy feat. But firms that don’t assess the climate risk in their portfolios, or hedge or divest their exposures accordingly, could see some of their assets lose significant value over time. In the meantime, they may fall foul of increasingly stricter regulation.” – Risk.net Full report link here: -
“Robinhood Markets faces a U.S. regulatory probe into whether the firm properly informed brokerage clients that it sold their stock orders to high-frequency traders and other Wall Street firms, according to a person with direct knowledge of the matter. The Securities and Exchange Commission scrutiny is focused on Robinhood’s -
““Dollar depreciation generally coincides with declining cross-border M&A activity, and vice versa,” Goldman Sachs Group Inc. strategists led by Lotfi Karoui wrote in a note on Wednesday. “While the correlation is only modestly positive, it is somewhat counterintuitive.” Investors often believe a weaker dollar will stoke M&A activity as -
Full interview with Raoul Pal below. -
“A former economist at HSBC Holdings Plc plans to run for a seat in Hong Kong’s legislature, vowing to stand up for the financial services sector against growing influence from China. “Banks, businesses and finance professionals should not have to operate or work in a climate of fear or
Robinhood Probed by SEC Over Payments From High-Speed Traders (Bloomberg)
Robinhood Probed by SEC Over Payments From High-Speed Traders (Bloomberg) […]
GS: Falling Dollar Could Sink Cross-Border M&A (Bloomberg)
““Dollar depreciation generally coincides with declining cross-border M&A activity, and vice versa,” Goldman Sachs Group Inc. strategists led by Lotfi Karoui wrote in a note on Wednesday. “While the correlation is only modestly positive, it is somewhat counterintuitive.” Investors often believe a weaker dollar will stoke M&A activity as […]
Kyle Bass on Corona Chaos, Insolvency Risk, & US-China Tensions (Real Vision)
Kyle Bass on Corona Chaos, Insolvency Risk, & US-China Tensions (Real Vision) […]
Ex-HSBC Economist Backs Hong Kong Banks in Legislature Bid (Bloomberg Law)
Ex-HSBC Economist Backs Hong Kong Banks in Legislature Bid (Bloomberg Law)
Link to full report on Infinitus.
#hongkong #china #hsbc #banking #law #politics […]
How Remote Tellers May Change the Banking Experience (Mobile Payments Today)
“Given the current environment, for most banks and credit unions, dealing face-to-face with the customer has not happened since early March. How can financial institutions continue to provide a customer experience but maintain safety? Video banking. This technology allows financial institutions to meet customers’ needs while still supporting physical distancing. […]
At Mercer Advisors, a Sign RIAs Are Taking Their Online Presence Seriously (RIAIntel)
“Backlinks, or inbound links, tell Google and other search engines that two websites are connected. They are, in some sense, a signal of approval used by search engines to calculate a website’s domain authority…” […]
Anatomy of a Short Attack (CFO.com)
“When a lengthy “short” report is published, a company’s stock price will almost often experience a near-term drop as momentum traders react to the allegations. Billions of dollars can hang in the balance as investors sift through a densely written report posted on a website. In some cases, the publication will set off an extended battle in the media between corporate executives, short-sellers, and large investors that can last for weeks or even months. […]
“Nobody Has More Party for Less” Than Party City Bondholders (Koyfin Research)
Many investors expected Party City would become another casualty of the Covid-19 epidemic and ultimately be forced into bankruptcy. Before the announced exchange, both senior bonds (PRTY 6.125% due 2023 and PRTY 6.625% due 2026) were trading between 4-6 cents on the dollar as bondholders feared little to no recovery value.” […]
US must look to ‘future proof’ the dollar with a CBDC (Finextra)
Accenture and the Digital Dollar Foundation have published a whitepaper laying out proposals for the development of a central bank digital currency (CBDC) in the US. The partnership, known as the Digital Dollar Project, is seeking to “future-proof the dollar” against developments in the way consumers and businesses transact […]
FOMC Minutes Paint Bleak Picture (Trading Economics)
“The coronavirus pandemic brought an extraordinary amount of uncertainty and considerable risk to the economy in the medium term, FOMC minutes from meeting held on April 28-29 showed…The minutes offered a glum outlook on the coronavirus later this year, saying a second wave of the coronavirus outbreak with another […]