Biggest Muni Bond ETF’s Premium Grows as Fund Exodus Abates
After the worst year since 2008 for municipal debt, the shift to a premium for muni ETFs points to a potential return to earnings
Citigroup Earnings Miss as Bond Trading Slump Slows Recovery
Net income at Citigroup more than doubled to $2.69 billion from $1.2 billion a year earlier.
Goldman Reports Highest Profits in 3 Years
Underwriting revenue at Goldman Sachs surged to a record, and the firm’s reliance on trading fell to the lowest level in more than a decade.
New Hire Roundup: Craig Gordon Leaves RBC Wealth
In addition, Hamilton Insurance named Sandy Weill chairman.
Gap Between Two Koreas Widens With Trade Leader Purge, Brokerage Plans
North Korea executes key trade negotiator as South Korea aims for "Korean Goldman Sachs"
Independent Scotland Would Seek to Keep Pound; London Says No
A vote for independence from the U.K. in Scotland scheduled for September could pave the way for a new currency.
Bernanke’s Bond Buy Cut Back Slices Into Mexico Market
As one of the hottest emerging market economies of the past few years, Mexico has been doing well—but the second largest economy in Latin America could be in for some hard times in months to come, thanks to its neighbor to the north.
National Financial Partners Acquired by Madison Dearborn
The private equity investment firm Madison Dearborn will pay $1.3 billion for NFP's stock, representing a 26% premium for NFP's shareholders.
Bill Gross Bets Big on Big Apple
Bill Gross hearts New York.
Barclays’ Diamond Blames Libor Fixing on Other Banks, Regulators
Moody’s cuts Barclays' outlook; investors may be on the hook for losses.