The Banks Are Where the Money Isn’t

The Banks Are Where the Money Isn’t

Programming note: Money Stuff will be off tomorrow, back on Monday. One thing that JPMorgan Chase & Co., one of the world’s biggest banks, wants to do is lend money to big corporate and private equity clients. In many ways, JPMorgan seems well suited to doing this: As a giant bank with more than $3 … Read more

UK’s Metro Bank (MTRO:LN) Crisis: Billionaire Jaime Gilinski and Hedge Fund Caiu

UK’s Metro Bank (MTRO:LN) Crisis: Billionaire Jaime Gilinski and Hedge Fund Caiu

Welcome to The Brink. It’s Giulia Morpurgo and Tasos Vossos in London, where we worked all weekend to report on Metro Bank’s rescue package. We also have news on China’s real estate giants Evergrande and Country Garden, US online car retailer Shift Tech and Israel’s bonds and CDS. Follow this link to subscribe. Send us … Read more

Stock Markets Today: Europe EV tariffs, China warning, oil rally, UK rail debate

Stock Markets Today: Europe EV tariffs, China warning, oil rally, UK rail debate

Good morning. European electric-vehicle tariff discussions, a warning to China and oil’s continued rally. Here’s what people are talking about. Europe’s main auto lobby group urged policymakers to delay post-Brexit tariffs on electric vehicles, saying they could reduce production in the region by 480,000 cars over three years. Ahead of a meeting of trade officials … Read more

The Ascent of the EU’s Big Tech Enforcer

The Ascent of the EU’s Big Tech Enforcer

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. When Thierry Breton first met Mark Zuckerberg in Brussels in 2020 — shortly after being appointed as a commissioner — the world’s biggest tech companies didn’t really think that European legislators could regulate them, the Frenchman … Read more

Morgan Stanley ‘Last Bull Standing’ on Treasuries as Peers Shift

Morgan Stanley ‘Last Bull Standing’ on Treasuries as Peers Shift

Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy. Treasuries are also likely to be supported as inflation can keep slowing even if growth does remain relatively healthy, strategists at the investment bank including … Read more

Stock Market Today: Dow, S&P Live Updates for September 7

Stock Market Today: Dow, S&P Live Updates for September 7

Stocks retreated amid concern over how a Chinese ban on Apple Inc.’s iPhone could impact big tech, the industry that has driven this year’s market rally. Treasuries rose alongside the dollar. The Nasdaq 100 underperformed as Apple slid about 6.5% in two days, wiping out $190 billion in value. The company’s suppliers such as Qualcomm … Read more