Brazil President Luiz Inacio Lula da Silva renewed his attacks on the nation’s monetary policy on Monday, just days before the central bank is expected to hold its benchmark interest rate steady at a six-year high.
TCW Group President and Chief Executive Officer Katie Koch said cracks are starting to show in the private credit market and that investors should prepare for “major accidents” in the red-hot sector over the next 12 to 18 months.
The US Treasury is facing the need for increasing issuance of longer-term securities this year as the budget deficit worsens, but for now its plans are frozen by the partisan standoff in Washington over raising the debt limit.
The private equity market continues to have high valuations and firms are having trouble exiting investments, according to a top BlackRock Inc. executive.
Oil fell to extend two weeks of losses after data from China reignited concerns about a patchy recovery in the world’s biggest crude importer.
Two nights of the Taylor Swift Eras Tour helped to drive Las Vegas tourism to pre-Covid levels in March, according to the Las Vegas Convention and Visitors Authority.
Citigroup Inc. Chief Executive Officer Jane Fraser said the company is willing to make adjustments to staffing levels inside its investment bank as the firm and its rivals continue to deal with an industrywide slump in dealmaking and underwriting activity.
The Federal Reserve’s internal watchdog recommended that personal trading rules be extended to more staff after discovering that hundreds with access to confidential information are not covered.
Bitcoin slipped back Monday after climbing for four consecutive months through April in the longest such winning run since 2021.
The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary sums of money blew up in spectacular fashion.
