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Gap widens between market’s winners, losers

Bloomberg To the naked eye, it was just another up week for stocks. The S&P 500 Index rose 7 points, the eighth time in a row it’s been up. Beneath the surface a barrage of headlines on everything from earnings to the Federal Reserve and taxes were drawing brighter lines between winners and losers. While benchmarks muddled along and broader ...

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SocGen stokes bitcoin bubble talk as bank eyes blockchain

Bloomberg Societe Generale SA added to concerns about excessive bitcoin speculation, with the bank’s deputy head following Credit Suisse Group AG’s top executive in saying that it’s a bubble. “Bitcoin today is in my view very clearly in a bubble,” Severin Cabannes said in a Bloomberg Television interview. His comments came a day after Credit Suisse CEO Tidjane Thiam said ...

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Kuwait’s Burgan Bank in talks for $350mn loan refinancing

Reuters Kuwait’s Burgan Bank, the country’s third largest lender by assets, is in early discussions with banks for the refinancing of a $350 million loan due in December, sources familiar with the matter said on Sunday. The bank raised the original debt facility in 2015 with a group of seven banks, including regional and international lenders. The new loan would ...

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