Bloomberg The former head of HSBC Holdings Plc’s North American interest rates business was sued for fraud by the US Commodity Futures Trading Commission (CFTC). Christophe Rivoire helped manipulate the price of an interest rate swap between the bank and a bond issuer, the CFTC said in a complaint filed in Manhattan federal court. The agency claimed the issuer had ...

Bloomberg Bank of America Corp, which tops the league table for US leveraged-loan issuance, is watching that market closely for signs of stress. “The real concern is: Is there too much leverage in the system in certain companies, and if they have trouble, will that impact the economy?” Chief Executive Officer Brian Moynihan said in a Bloomberg Television interview. “We ...

Bloomberg China’s central bank injected the most liquidity via open-market operations since January, in a push to ensure ample cash supply ahead of seasonal tightness at year-end. The People’s Bank of China (PBOC) added 280 billion yuan ($40 billion) into the financial system with 7 and 14-day reverse repurchase agreements , while keeping the interest rates unchanged. That came after ...

Bloomberg The Bank of England (BOE) signalled it will focus on the next phase of Brexit negotiations as two policy makers continued to push for an immediate interest-rate cut. Officials said it was too early to tell whether the clearer path for the UK’s departure from European Union (EU) on the back of Boris Johnson’s election win will improve sentiment. ...

Bloomberg Germany will join European peers like France and Poland next year in selling green bonds, tapping rising demand and favourable issuance costs for such debt as it boosts investments to cut carbon pollution. Europe’s benchmark issuer will sell about 10 billion euros of the bonds from mid-year via auctions, “twinning” emissions with regular bonds of the same maturity and ...

Bloomberg With European banking mergers at their lowest on record — and profits slumping — politicians are finally getting more serious about the need for consolidation. German finance minister Olaf Scholz is seeking to persuade European colleagues of the need for a banking union. He called publicly last month for a deposit insurance system that works across the region, a ...

Bloomberg Facebook Inc is pursuing rights to music videos from major record labels, programming that could boost interest in its Watch video service, according to people familiar with the matter. The company is in the midst of negotiating new licensing deals with the three largest music companies, Universal Music Group, Sony Music and Warner Music Group, and has asked for ...

Bloomberg It’s mid-December, which means it’s time for the staff prognosticators at Bloomberg Technology to sheepishly revisit last year’s predictions while peering ahead with a brash certainty that we haven’t earned. On its surface, 2019 was the difficult year that most of us anticipated. The simmering trade tensions (perhaps diffused by the new phase-one trade agreement) raised the prospect of ...

Bloomberg One year after the tech giant announced it would bring hundreds of jobs to New York, and on the heels of major Manhattan lease announcements by Facebook Inc and Amazon.com Inc, the city’s real estate industry is wondering when the iPhone developer will make its move. “The absence is surprising,” Jim Underhill, chief executive officer of commercial-property firm Cresa. ...

Bloomberg Daimler AG’s Mercedes Benz has agreed to pay as much as $20 million in penalties for violations of how it operated its vehicle recall programme. Mercedes Benz’s US arm must pay $13 million immediately while the remainder is deferred in case there are additional violations. The penalty was announced by the National Highway Traffic Safety Administration. The company had ...