Welcome to Bloomberg’s Banking Monitor . Every Thursday we’ll deliver you the top news of the global banking industry with emerging trends, winners and losers and market opportunities. Sign up now if you’re not already on the list. Never mind. In a nutshell, that’s the retroactive guidance from the Federal Reserve to bankers regarding some of its previously issued confidential orders to fix defici...
Welcome to Bloomberg’s Banking Monitor . Every Thursday we’ll deliver you the top news of the global banking industry with emerging trends, winners and losers and market opportunities. Sign up now if you’re not already on the list. Never mind. In a nutshell, that’s the retroactive guidance from the Federal Reserve to bankers regarding some of its previously issued confidential orders to fix deficiencies. To be sure, the central bank isn’t letting all bygones be bygones — the more serious matters will still get serious attention. But it’s a sign that years of complaints by lenders about over-regulation are having some effect under the supervision of Vice Chair Michelle Bowman. Amid the broader US deregulatory push, Commerzbank’s leader is urging European authorities to keep up so the continent’s banks aren’t left hobbled. The news on comp was mostly upbeat. Barclays boosted its bonus pool to the highest in at least five years. Payouts rose at JPMorgan and Goldman Sachs, too, and UBS is hiring in Hong Kong after a record year. Even one of America’s most prominent socialists benefited from capitalism’s big surge, with Wall Street bonuses cutting $5 billion from the budget hole that New York City Mayor Zohran Mamdani has to fill. But bankers, check your six: Apollo Global Management has set a lending record in its push to rival Wall Street lenders. Finance is already a hard business, and now Black bankers face a rougher ride with the dismantling of DEI programs . Artificial intelligence is coming next for ... you fill in the blank. This week it was wealth managers . The Monitor, for one, doubts that an AI bot can hand-hold distraught clients when other AI bots drive the market into its next annual once-in-a-lifetime convulsion. Columnist Paul J. Davies expresses some similarly sardonic skepticism . All this might make you fret about your own career prospects, but AI is A-OK with junior bankers because for them, using the technology is already second nature. — Rick Green...
China on Thursday reduced tariffs on European Union dairy imports worth over US$500 million, in the final ruling of an 18-month anti-dumping investigation started in response to the bloc’s duties on Chinese electric vehicles. The new tariffs ranging from 7.4 per cent to 11.7 per cent on dairy imports from the EU will apply for a five-year period from February 13, replacing the 21.9 per cent to 42...
China on Thursday reduced tariffs on European Union dairy imports worth over US$500 million, in the final ruling of an 18-month anti-dumping investigation started in response to the bloc’s duties on Chinese electric vehicles. The new tariffs ranging from 7.4 per cent to 11.7 per cent on dairy imports from the EU will apply for a five-year period from February 13, replacing the 21.9 per cent to 42.7 per cent range imposed in a preliminary decision in December, as stated by China’s Ministry of...
Donald Trump’s competition chief has accused Apple of “systematically” promoting Left-wing news articles in its iPhone news app and burying Right-leaning articles.
Donald Trump’s competition chief has accused Apple of “systematically” promoting Left-wing news articles in its iPhone news app and burying Right-leaning articles.
美国边境事务主管汤姆·霍曼表示，特朗普政府将结束在明尼苏达州的移民打击行动，移民官员将逐步结束在该州的行动。 霍曼周四说：“‘都市风暴行动’（ Opera tion metro surge）正在结束。在接下来的一周，我们将把在此执行临时任务的官员调回其原驻地，或派往国内其他需要他们的地方。” 责任编辑：李桐
美国边境事务主管汤姆·霍曼表示，特朗普政府将结束在明尼苏达州的移民打击行动，移民官员将逐步结束在该州的行动。 霍曼周四说：“‘都市风暴行动’（ Opera tion metro surge）正在结束。在接下来的一周，我们将把在此执行临时任务的官员调回其原驻地，或派往国内其他需要他们的地方。” 责任编辑：李桐
Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner. TKC, which is owned by HIG Capital , sold a $500 million first-lien loan at 4.5 percentage points over the benchmark rate at 99 cents on the dollar, according to people with knowledge of the matter, who aske...
Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner. TKC, which is owned by HIG Capital , sold a $500 million first-lien loan at 4.5 percentage points over the benchmark rate at 99 cents on the dollar, according to people with knowledge of the matter, who asked not to be named discussing a private transaction. The company also priced a $1.1 billion first-lien bond with a coupon of 8.5% and $675 million of second-lien notes at 12%, both at par, the people added. Part of the proceeds were originally slated to help fund a roughly $100 million dividend to HIG. But during the course of the marketing process, TKC increased the size of the deal by $100 million as it reduced the loan component and added to each bond tranche. That allowed the dividend to increase to $200 million, one of the people added. TKC, a major supplier of commissary, food and telephone services to US correctional facilities, has struggled to drum up interest in past deals, forcing it to hike yields to compensate wary investors. Some creditors worry about being affiliated with the controversial private prison sector and the potential for public backlash. This latest transaction had higher yields than similarly rated debt, underscoring the challenges of financing the incarceration industry. The corrections sector is also sensitive to US policy shifts, meaning that state and federal elections can sharply alter corporate outlooks. Jail-Food Vendor Begins $2 Billion Debt Spree to Zap 10.5% Bonds Prison-Food Supplier Plans $1.58 Billion High-Yield Bond Sale PRICED: TKC Holdings $1.775b Debt Offering in 2 Parts PRICED: TKC $500m 1L TL; S+450, 0.00%, 99.0 Representatives for TKC didn’t respond to requests for comment. HIG and Jefferies Financial Group Inc. , which led the debt deals, declined to comment. The transaction refinanced all of TKC’s existing debt, including a s...
At Holdings Channel, we have reviewed the latest batch of the 37 most recent 13F filings for the 12/31/2025 reporting period, and noticed that Marsh & McLennan Companies Inc (Symbol: MRSH) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, w
At Holdings Channel, we have reviewed the latest batch of the 37 most recent 13F filings for the 12/31/2025 reporting period, and noticed that Marsh & McLennan Companies Inc (Symbol: MRSH) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, w
US equities rebounded at Thursday’s open after two sessions of declines as the labor market showed signs of stabilization in jobless claims. The S&P 500 Index opened 0.2% higher, led by real estate and industrials sectors. Zebra Technologies Corp. was the top-performing stock in the benchmark, rising after the hardware company gave a better-than-expected forecast . Cisco Systems Inc. , meanwhile, ...
US equities rebounded at Thursday’s open after two sessions of declines as the labor market showed signs of stabilization in jobless claims. The S&P 500 Index opened 0.2% higher, led by real estate and industrials sectors. Zebra Technologies Corp. was the top-performing stock in the benchmark, rising after the hardware company gave a better-than-expected forecast . Cisco Systems Inc. , meanwhile, fell as investors are concerned hardware and memory-chip prices are weighing on the company’s outlook . The tech-heavy Nasdaq 100 Index was little changed, while the Dow Jones Industrial Average rose 0.4%, and has been hitting record highs with the support of transportation stocks . “There are shades of risk-on behavior across global markets this morning,” said Derek Holt , vice-president and head of capital markets economics at Scotiabank, attributing the market’s gains Thursday morning to the US labor market. Initial jobless claims decreased last week, while continuing claims climbed to 1.86 million. “As you look at initial jobless claims, I think it’s pretty clear that the weather has impacted those over the last two weeks,” Matthew Luzzetti , chief US economist at Deutsche Bank, said in an interview on Bloomberg TV. “I think as you broadly look at the labor market at this point in time, the unemployment rate has come back down to 4.3%, the quits rate has basically been unchanged over the last 12 or 18 months.” Overnight, the US House of Representatives voted to roll back some of US President Donald Trump’s tariffs on Canada with support of six Republicans as anxiety grows over the administration’s economic policies ahead of the midterm elections. In Toronto, the S&P/TSX Composite Index was little changed at the open. Still ahead in economic data this week, traders will parse an inflation report Friday for additional clues on the Federal Reserves interest rate path. Earnings calls due after markets close Thursday include Coinbase Global Inc. and Applied Materials Inc.
SMX (Security Matters) Public Limited Company ( SMX ) announced on Thursday that the reverse stock split of the company's ordinary shares will begin trading on an adjusted basis, giving effect to the reverse stock split on February 17, 2026, under the existing ticker symbol "SMX." The new CUSIP number of the company's ordinary shares will be G8267K406, and the new ISIN code will be IE000B5COQZ5. T...
SMX (Security Matters) Public Limited Company ( SMX ) announced on Thursday that the reverse stock split of the company's ordinary shares will begin trading on an adjusted basis, giving effect to the reverse stock split on February 17, 2026, under the existing ticker symbol "SMX." The new CUSIP number of the company's ordinary shares will be G8267K406, and the new ISIN code will be IE000B5COQZ5. The company's board of directors fixed the split ratio at 4.8828125:1; every 4.8828125 ordinary shares of the company with a nominal value of $0.00000000002502543568 per share will be automatically combined into one ordinary share with a nominal value of $0.00000000012219451015625 per share. The company said that this will reduce the number of outstanding ordinary shares of the Company from approximately 10 million to approximately 2 million. Outstanding company options, warrants, and other applicable convertible securities, including the company's warrants listed on the Nasdaq Capital Market under the symbol SMXWW, which will retain its existing CUSIP number, will be proportionately adjusted in accordance with their respective terms, it added. SMX is -14.82% to $14.25. Source: Press Release More on SMX (Security Matters) Public Limited Company SMX Has Promising Traceability Tech, But Hold For Now SMX: Molecular Traceability Proven, But Dilution And Volatility Loom SMX aligns $250M capital commitment; shares down 11% SMX boosts equity purchase agreement by $5M via new convertible note Seeking Alpha’s Quant Rating on SMX (Security Matters) Public Limited Company
Stuart Vevers wants the luxury brand to keep championing upcycled materials and reduce landfill waste Stuart Vevers, the British designer of the American mass luxury brand Coach , is working to keep sustainability in the spotlight at New York fashion week. Not an easy task, when environmental concerns are slipping down the global agenda and fashion, perennially a mirror to the world we live in, ha...
Stuart Vevers wants the luxury brand to keep championing upcycled materials and reduce landfill waste Stuart Vevers, the British designer of the American mass luxury brand Coach , is working to keep sustainability in the spotlight at New York fashion week. Not an easy task, when environmental concerns are slipping down the global agenda and fashion, perennially a mirror to the world we live in, has reverted to putting profits first. “I’m an optimist, but it’s not a blind optimism. There’s a lot of tension in optimism, because the world is challenging and I am not ignoring that. My optimism comes from believing that the young people of today are going to make this world better,” he said before Wednesday’s show, held in the historic Cunard building in downtown New York. Continue reading...
(RTTNews) - Stock of Sphere Entertainment Co. (SPHR) is rising about 17 percent during Thursday morning trading as the company turned to profit in the fourth quarter, reporting a net income of $57.6 million compared with a net loss of $125.9 million in the previous year.
(RTTNews) - Stock of Sphere Entertainment Co. (SPHR) is rising about 17 percent during Thursday morning trading as the company turned to profit in the fourth quarter, reporting a net income of $57.6 million compared with a net loss of $125.9 million in the previous year.