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Watch FANG stocks for warning of Fed mistake: Julius Baer

Bloomberg If the Federal Reserve tightens US monetary policy too far, investors in the bull market’s biggest winners will feel the pain first, according to Bank Julius Baer & Co. That’s tech stocks. Strong economic growth will encourage the Fed to keep raising interest rates, even if the tightening sucks out more liquidity than financial markets can tolerate, said Yves ...

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Big banks aim to show higher profits still ahead as rates rise

Bloomberg As concerns from bank investors go, “peak profitability” seems an unusual one. But as the biggest US banks report results that analysts estimate will set a new high for profitability this decade, shareh-olders are wondering: is this as good as gets, or is Jamie Dimon right that banks are entering a golden age. “The quarter will be fine,” Susan ...

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UBS accused of Bond movie tactics in Paris tax-dodging trial

Bloomberg UBS Group AG goes on trial in Paris on Monday accused of encouraging rich clients to stash cash overseas to evade French taxes by deploying tactics “worthy of James Bond.” The Zurich-based lender dispatched bankers across the border to seek out new clients even though they lacked the paperwork — a banking license or European passport — to offer ...

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