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2 weeks ago | 
news.bloomberglaw.com | Claudia Cohen |Nicholas Comfort
The European Union should follow the UK in cutting disclosure requirements on short sellers, an industry lobby organization said. Current rules in the EU require that the identities of investors holding short positions of 0.5% or more in a company are disclosed. That allows other market participants to copy their investment strategy on the cheap, said Rob Hailey, Europe head of the Managed Funds Association.
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2 weeks ago | 
news.bloombergtax.com | Claudia Cohen |Lizzy Burden
BNP Paribas SA Chief Financial Officer Lars Machenil said the companies he works with haven’t been racing to tap credit lines, indicating that the risk of a cash crunch for the economy is remote. If corporate clients “all of a sudden come rushing in with liquidity demands,” that would be a worrisome development, Machenil said in a Bloomberg TV interview on Thursday.
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3 weeks ago | 
bloomberg.com | Claudia Cohen |Lizzy Burden
A BNP Paribas SA bank branch in Paris. (Bloomberg) -- BNP Paribas SA Chief Financial Officer Lars Machenil said the companies he works with haven’t been racing to tap credit lines, indicating that the risk of a cash crunch for the economy is remote. If corporate clients “all of a sudden come rushing in with liquidity demands,” that would be a worrisome development, Machenil said in a Bloomberg TV interview on Thursday.
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3 weeks ago | 
news.bloomberglaw.com | Claudia Cohen |Lizzy Burden
BNP Paribas SA Chief Financial Officer Lars Machenil said the companies he works with haven’t been racing to tap credit lines, indicating that the risk of a cash crunch for the economy is remote. If corporate clients “all of a sudden come rushing in with liquidity demands,” that would be a worrisome development, Machenil said in a Bloomberg TV interview on Thursday.
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1 month ago | 
news.bloomberglaw.com | Nicholas Comfort |Claudia Cohen
The European Central Bank has taken a negative view on applying a rule to BNP Paribas SA’s planned acquisition of Axa SA’s asset manager that would have made the deal financially more attractive, people familiar with the matter said. In opposing the use of the regulation, known as the Danish Compromise, the ECB’s banking supervision arm wants to ensure equal treatment across the industry, the people said, asking not to be identified discussing internal deliberations.
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1 month ago | 
news.bloomberglaw.com | Nicholas Comfort |Claudia Cohen
The European Central Bank has taken a negative view on applying a rule to BNP Paribas SA’s planned acquisition of Axa SA’s asset manager that would have made the deal financially more attractive, people familiar with the matter said. In opposing the use of the regulation, known as the Danish Compromise, the ECB’s banking supervision arm wants to ensure equal treatment across the industry, the people said, asking not to be identified discussing internal deliberations.
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1 month ago | 
bloomberglinea.com | Leonard Kehnscherper |Claudia Cohen |Max Abelson |Arno Schütze
Bloomberg — Esto no es lo que los financieros mundiales tenían en mente cuando apostaron por Trump 2.0.A menos de 100 días del inicio de la nueva Administración estadounidense, los banqueros, desde Wall Street hasta el Pudong de Shanghái y la City de Londres, se preparan para afrontar préstamos agriados, acuerdos cancelados, comisiones perdidas... y quizá amenazas a sus propios puestos de trabajo.
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1 month ago | 
dailyitem.com | Leonard Kehnscherper |Claudia Cohen |Max Abelson |Arno Schütze
This is not what global financiers had in mind when they placed their bets on Trump 2.0.Less than 100 days into the new US administration, bankers from Wall Street to Shanghai’s Pudong and the City of London are bracing for soured loans, canceled deals, forfeited fees — and perhaps threats to their own jobs. Credit markets are paralyzed, while mergers and initial stock offerings are being pulled amid fears of recession. kAmtG6CJ >2;@C &$ 32?< :D 5@H? 2E =62DE `aT E9:D >@?E9 2>:5 4@?46C?
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1 month ago | 
swoknews.com | Leonard Kehnscherper |Claudia Cohen |Max Abelson |Arno Schütze
This is not what global financiers had in mind when they placed their bets on Trump 2.0.Less than 100 days into the new US administration, bankers from Wall Street to Shanghai’s Pudong and the City of London are bracing for soured loans, canceled deals, forfeited fees — and perhaps threats to their own jobs. Credit markets are paralyzed, while mergers and initial stock offerings are being pulled amid fears of recession. kAmtG6CJ >2;@C &$ 32?< :D 5@H? 2E =62DE `aT E9:D >@?E9 2>:5 4@?46C?
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1 month ago | 
thederrick.com | Leonard Kehnscherper |Claudia Cohen |Max Abelson |Arno Schütze
This is not what global financiers had in mind when they placed their bets on Trump 2.0.Less than 100 days into the new US administration, bankers from Wall Street to Shanghai’s Pudong and the City of London are bracing for soured loans, canceled deals, forfeited fees — and perhaps threats to their own jobs. Credit markets are paralyzed, while mergers and initial stock offerings are being pulled amid fears of recession.
