Bank of America cuts Hong Kong investment banking team amid market challenges

Original source: https://www.investing.com/news/stock-market-news/bank-of-america-cuts-hong-kong-investment-banking-team-amid-market-challenges-93CH-3281166

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Five risks for the Canadian dollar in 2024

1) House prices Eight weeks ago, we might be having a very different conversation about Canadian housing. Yields were rising and central banks were offering no hints about cutting rates….

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What is the Volcker Rule? Implications for Day Traders

The Volcker rule is an important part of the banking sector that came after the Global Financial Crisis (GFC) as policymakers worked to protect customers from another collapse. The rule…

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Market Update โ€“ October 31 โ€“ Stocks Down & Yen plummets

Asian stock markets traded mixed, with China bourses underperforming after weaker than expected PMI reports that signal ongoing weakness, especially in the manufacturing sector. Treasuries meanwhile found buyers and the…

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It’s All About PSU BANKS !!

Hello All and Welcome Back! NIFTY PSU BANK INDEX In today’s analysis, we dive deep into the world of financial markets, specifically the NIFTY PSU Bank Index on the National…

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How the Rich Get Richer: Money in the World Economy

The way money and finance work in the global economic system tends to make the rich even richer while leaving behind average citizens. Central banks printing vast sums of cheap…

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87 of 109 analysts polled expect next week’s Fed rate hike to be its last

The latest Reuters poll of analysts finds that all 106 expect the Fed to hike by 25bps at next week’s meeting, taking the Fed Funds benchmark overnight interest rate to…

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US Dollar Extends Losses as Fed Minutes Flag Recession Risks amid Banking Sector Turmoil

Minutes from the Fed’s March meeting indicate that the banking sector turmoil that erupted last month could lead to tighter lending standards and pave the way for a recession later…

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Volatility May See Range Breaks across Markets but Trends Might be Short-Lived

Going into the second quarter, the macro environment for financial markets is characterized by stubbornly high inflation and an evolving banking crisis. Will volatility continue to evolve?

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ANZ’s CEO says banking turmoil has potential to trigger financial crisis

Original source: https://www.investing.com/news/stock-market-news/anzs-ceo-says-banking-turmoil-has-potential-to-trigger-financial-crisis-3040134

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