Bloomberg Business

Into last week’s push higher in Treasury yields, new short risk was created. The latest positioning points to hedge funds building their short base, widening the divergence with asset managers taking the other side of the trade in long positions.

Giorgia Meloni’s economic policy has just taken a sharply populist turn, launching an assault on bank profits and vying to tighten its grip over corporate Italy.

Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US regulators’ crackdown on Wall Street’s failure to keep records.

Oil rose after Ukrainian President Volodymyr Zelenskiy said his country would retaliate if Russia continues to block Ukrainian ports.

So far, so good for this week’s historic Treasury debt auctions — following trepidation last week when the announced sizes topped most bond dealer expectations.

The top lobbying group for US electric utilities is taking aim at the Biden administration’s plan for stifling greenhouse gas emissions from the nation’s power plants, saying proposed requirements are based on technology that isn’t ready for prime time.

Ryan Salame, the former co-chief executive of FTX Digital Markets, is in negotiations with federal prosecutors to plead guilty to criminal charges following the implosion of the cryptocurrency exchange, according to people familiar with the case.