Friday , 2 January 2026

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Latvia secures US help to clean up its scandal-tainted banks

Bloomberg Latvia’s financial investigators will receive more US help as the Baltic nation races to emerge from a money-laundering scandal that toppled its third-largest lender. Finance Minister Dana Reizniece-Ozola has agreed technical assistance from the US Treasury Department for the country’s financial intelligence unit following her meetings with US officials in Washington. She doesn’t expect other Latvian institutions to follow …

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US bond traders’ respite from flattening curve may prove brief

Bloomberg Bond traders agonizing over the flattening US yield curve got a bit of a break last week. But with a flood of Treasury supply about to hit the market, they’ll have little time to catch their breath. The US will issue a combined $96 billion of two-, five- and seven-year notes this week, the largest slate of fixed-rate coupon …

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Carney’s hint of May rate hike puzzles pound pundits

Bloomberg Money-market traders in the UK may have capitulated, but not the analysts. While currency pundits were jolted by Governor Mark Carney’s surprise hint that a rate increase by the Bank of England next month isn’t a foregone conclusion, they aren’t exactly doing an about-turn on their forecasts. ING Groep NV, Nomura International Plc, Credit Agricole SA, CBA Europe Ltd., …

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