Town Hall News

BEVERLY HILLS (Reuters) – Big money managers gathered at the Milken Institute Global Conference, in Beverly Hills, California, on Monday to discuss the environment for investments amid higher interest rates, sticky inflation, banking turmoil and geopolitical tension. See below some of their comments: EDWIN CONWAY, GLOBAL HEAD OF BLACKROCK ALTERNATIVES: “This is a difficult environment to navigate. There’s so many more asset classes today than ever before. You just need […]

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised, putting new urgency on talks in Congress. The date is sooner than an estimate Treasury made in January, suggesting that the U.S.’s fiscal situation is more precarious than earlier known. Here […]

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised, putting new urgency on talks in Congress. The date is sooner than an estimate Treasury made in January, suggesting that the U.S.’s fiscal situation is more precarious than earlier known. Here […]

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s biggest bank DBS Group reported record first-quarter profit on Tuesday, rising a stronger-than-expected 43% from a year earlier on a higher net interest margin, sustained business momentum and resilient asset quality. Southeast Asia’s largest lender by assets however said its net interest margin likely peaked in the first quarter and there would be a gradual decline. It also said housing loan bookings may see […]

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s biggest bank DBS Group reported record first-quarter profit on Tuesday, rising a stronger-than-expected 43% from a year earlier on a higher net interest margin, sustained business momentum and resilient asset quality. Southeast Asia’s largest lender by assets however said its net interest margin likely peaked in the first quarter and there would be a gradual decline. It also said housing loan bookings may see […]

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador will meet with White House Homeland Security adviser Elizabeth Sherwood-Randall Tuesday morning in Mexico, Lopez Obrador’s office confirmed on Monday. The Mexican leader said earlier Monday he would meet with a representative for U.S. President Joe Biden to discuss migration, without saying who. On May 11, the U.S. is scheduled to lift a COVID health policy known as “Title 42” […]

(Reuters) -Morgan Stanley is planning to eliminate about 3,000 jobs in the second quarter, a source told Reuters on Monday, in its second round of job cuts in six months. Slow dealmaking and a tough economic environment are prompting the investment bank to look at its headcount, the source said. The latest move follows another quarter in which fees from the investment banking unit fell, dragging total revenue down nearly […]

By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co could be liable to women who accused Jeffrey Epstein of sexual abuse if they can show that former executive Jes Staley had first-hand knowledge that the financier ran a sex-trafficking venture, a U.S. judge said on Monday. U.S. District Judge Jed Rakoff in Manhattan discussed Staley’s alleged role, which Staley denies, in a decision explaining why he refused to […]

By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co could be liable to women who accused Jeffrey Epstein of sexual abuse if they can show that former executive Jes Staley had first-hand knowledge that the financier ran a sex-trafficking venture, a U.S. judge said on Monday. U.S. District Judge Jed Rakoff in Manhattan discussed Staley’s alleged role, which Staley denies, in a decision explaining why he refused to […]