Thomson Reuters Acquires WM/Reuters FX Benchmarks
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Thomson Reuters Acquires WM/Reuters FX Benchmarks – Profit & Loss
Thomson Reuters (TR) has acquired the WM/Reuters FX benchmark rate calculation business from The World Markets Company, a State Street Corporation subsidiary.
Wall Street Banks Have Basel’s Ear in Pushback on Market Risk
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Wall Street Banks Have Basel’s Ear in Pushback on Market Risk – Bloomberg
Wall Street is used to getting the opportunity to influence bank rules before they are unveiled. Now financial firms are getting the chance to argue that a key capital requirement should be softened even after it was supposed to be finished.
U.S. Judge Rejects 14 Banks’ Bid to Throw Out Rate-Rigging Lawsuit
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U.S. Judge Rejects 14 Banks’ Bid to Throw Out Rate-Rigging Lawsuit – Reuters
A federal judge in Manhattan on Monday rejected an effort by 14 of the world’s biggest banks to throw out a private lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.
What Brussels Attacks Mean for Markets
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What Brussels Attacks Mean for Markets – Yahoo Finance
The attacks in the Belgian capital on Tuesday are unlikely to have a long-term impact on markets, but they could result in new roadblocks to cross-border commerce and lend momentum to Euro sceptics, analysts told CNBC. European stocks were under pressure but had come off their lows following deadly attacks at Brussels main airport and on the city’s metro system. U.S. equities were mixed by late morning.
China’s Central Bank Chief Sounds Warning Over Rising Debt
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China’s Central Bank Chief Sounds Warning Over Rising Debt – Bloomberg
People’s Bank of China Governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets.
Fed to Sit Tight on Rates at March Meet, Hint at Hikes to Come
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Fed to Sit Tight on Rates at March Meet, Hint at Hikes to Come – Reuters
The Federal Reserve won’t raise interest rates this week, but will likely make clear that as long as U.S. inflation and jobs continue to strengthen, economic weakness overseas won’t stop rates from rising fairly soon.