* Several banks have quit primary dealerships in recent years. * Low profit margins, tight capital rules cited. * Government debt sales boom may attract some back. * Lucrative syndications add to allure of primary dealing. By Dhara Ranasinghe.
The Ukrainian central bank's foreign currency reserves may grow to above $27 billion by the end of 2020 from $26.1 billion as of Dec. 1, Central Bank Deputy Governor Yurii Heletii said on Thursday. He said that loans from Ukraine's international partners would help to boost reserves.
* Several banks have quit primary dealerships in recent years. * Low profit margins, tight capital rules cited. * Government debt sales boom may attract some back. * Lucrative syndications add to allure of primary dealing. By Dhara Ranasinghe.
The Ukrainian government's decision to impose a tighter lockdown in January to fight the coronavirus pandemic will shave around 0.2 percentage points off economic output next year, Central Bank Deputy Governor Dmytro Sologub said on Thursday. The central bank previously forecast 4.2% economic growth in 2021 compared to a 6% fall in 2020.
The New York State Pension Fund will review its energy sector investments, including potential divestments, as it targets net zero carbon emissions by 2040, the New York State Comptroller Thomas DiNapoli said on Wednesday.
Bank of America Corp (BAC): * SPEAKING AT AN INVESTOR CONFERENCE. * BANK OF AMERICA CEO SAYS BANK ECONOMISTS SEE GDP DOWN 3.5% IN 2020 AND UP 4.5% IN 2021. * BANK OF AMERICA CEO SAYS CONSUMER SPENDING IS ROBUST. * BANK OF AMERICA CEO SAYS COMMERCIAL PAYMENT ACTIVITY IS UP DOUBLE DIGITS FROM LAST YEAR. * BANK OF AMERICA CEO SAYS TRADING REVENUE UP 15% QUARTER TO DATE.
The Bank of England told markets to get ready for the end of Libor interest rates in a year's time as regulators will be "watching closely" for laggards. Market participants must quantify their Libor referenced contracts that mature beyond the end of 2021, BoE executive director for markets Andrew Hauser said on Wednesday.
Emerging-market central banks cautiously revisited interest rate cuts last month following a hiatus in October, resuming an easing cycle that started in 2019 and had exceeded the cuts during the 2008 financial crisis and the 2010 euro crisis. Central banks across a group of 37 developing economies delivered two net interest rate cuts in November after standing pat in October.
Large acquisitions in the fragmented financial data industry are just a foretaste of the dealmaking to come, as vendors seek to expand their offerings and secure resources to invest in new technologies such as artificial intelligence, investment bankers and analysts say.
Retail brokerages Interactive Brokers
Group Inc (IBKR) and Robinhood experienced glitches early on Monday that prevented some or all of their users from trading as the U.S. markets were opening.
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