London Stock Exchange Sells Italian Exchange for $5.1 Billion
The deal is aimed at alleviating antitrust concerns about the potential bond trading dominance of the proposed $15 billion tie-up between LSE and Refinitiv.
TP ICAP to Buy Liquidnet, Raises Cash
TP ICAP has agreed to buy electronic trading network Liquidnet for up to $700 million, in a deal that will be partly funded by a $425 million rights issue.
Citadel Securities to Buy NYSE Market-Making Unit of IMC
The electronic trading giant will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller rival IMC Financial Markets, the companies said.
Morgan Stanley to Acquire Eaton Vance for $7 Billion
The bank is buying fund manager Eaton Vance just days after completing its takeover of discount broker E*Trade Financial, continuing its shift away from trading toward steadier, simpler businesses like money management.
SoftBank-Backed Greensill Looks to Raise Fresh Capital
The supply-chain finance company said demand is booming for its financing tools during the pandemic, but it is also facing client defaults, regulatory scrutiny and loosening ties from partner firms.
Bank of Canada Governor Says Pandemic-Related Stimulus Will Add to Vulnerabilities
The extraordinary fiscal and monetary stimulus introduced to support the Canadian economy during the coronavirus pandemic will make it more vulnerable to future shocks, Bank of Canada Governor Tiff Macklem said in a speech Thursday.
Fed's George: Economy Has Recovered More Quickly Than Expected
Kansas City Fed leader Esther George said considerable risk remains over the economic outlook.
Banks' Arctic Financing Retreat Rattles Oil Industry
Defenders of the oil-and-gas industry are fighting back against banks who want to stop financing new Arctic-drilling projects, fearing it could be a harbinger of an unbankable future for fossil-fuel companies.
U.S. Sanctions Additional Iranian Banks
The Iranian banks had remain unsanctioned under the U.S. pressure campaign.
Australia's Financial System Strong But Faces Elevated Risks, RBA Says
Australian banks have strong capital buffers, but face the prospect of a sharp rise in loan defaults as mortgage deferrals and government income support for workers and firms ends in the coming months, the Reserve Bank of Australia said.
(END) Dow Jones Newswires
10-09-20 0715ET