Reuters US Money

(Reuters) -Billionaire investor Stanley Druckenmiller said he believes the Federal Reserve’s monetary policy tightening may push the U.S. into a bigger-than-expected recession next year. Speaking at CNBC’s Delivering Alpha Conference in New York, Druckenmiller, founder of the Duquesne family office that manages his wealth, said he “would be stunned” if the U.S. does not have …

Investor Druckenmiller sees U.S. falling into recession next year Read More »

By William James, Huw Jones and Sinead Cruise LONDON (Reuters) -British finance minister Kwasi Kwarteng sought to reassure investment bank executives on Wednesday the government had sound fiscal plans, in the face of a meltdown in British assets. Kwarteng laid out a so-called mini-budget last Friday that sent British bond markets and the pound into …

UK’s Kwarteng tries to reassure bankers, gets nervous response Read More »

By Silke Koltrowitz ZURICH (Reuters) -Credit Suisse announced the departure of two senior executives, global co-head of banking Jens Welter and global head of global credit products Daniel McCarthy, in memos seen by Reuters, in a blow to the Swiss bank as it gets ready for a major restructuring. Shaken by a string of scandals …

Credit Suisse loses top executives Welter and McCarthy Read More »

By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs Group Inc <GS.N> has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks to invest in companies with an enterprise value of about $750 million to $2 billion, the bank said on Tuesday. The fund sits under the Wall Street giant’s asset management …

Goldman Sachs closes $9.7 billion private-equity fund, largest since 2007 Read More »

(Reuters) – U.S. regulators are set to announce a settlement with firms across Wall Street for failing to monitor employees using unauthorized messaging apps, Bloomberg Law reported on Tuesday, citing a person with knowledge of the matter. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) could extract total fines of …

Wall Street WhatsApp probe set to result in historic fine – Bloomberg Law Read More »

LONDON (Reuters) -Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted to its lowest since the financial crisis, BofA Global Research said in a note on Friday. This year’s dramatic bond tumble threatens credit events and a potential liquidation of the world’s most crowded trades, including …

Bond sell-off worst since 1949, investor sentiment plummets – BofA Read More »