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Puerto Rico faces not just debt, but depopulation

“They owe a lot of money to your friends on Wall Street,” Donald Trump told Geraldo Rivera. “We’re going to have to wipe that out. That’s going to have to be—you know, you can say goodbye to that. I don’t know if it’s Goldman Sachs but whoever it is, you can wave goodbye to that.” Bond markets didn’t appreciate the ...

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Deutsche Boerse plans revenue share deal to lure Brexit clearing

Bloomberg Deutsche Boerse AG’s clearinghouse plans to start a revenue-sharing plan with its biggest members in a bid to lure business from London after Brexit. The Eurex Clearing partnership program will reward its 10 most active participants with a share of revenue, and give board seats at the clearinghouse to the five largest. Deutsche Boerse has already received interest from ...

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Bank of Italy prize near for Visco eyes second career feat

Bloomberg Ignazio Visco might be just days away from pulling off the second coup of his unexpected tenure at the helm of Italy’s central bank — by staying on. The Bank of Italy governor, selected out of the blue by then-premier Silvio Berlusconi in 2011 after weeks of speculation that hadn’t mentioned him, may be about to benefit from a ...

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