As a new capital markets associate at Lehman Brothers in 2001, I was thrown into the summer program mating ritual known as rotations. That’s when you spend time working in various areas of an investment bank before being assigned to a department. The least popular assignment at the time was the government bond trading desk. Why? Because the US was ...

Bloomberg The European Central Bank declared a temporary moratorium on debit operations in all currencies at ABLV Bank, the Baltic country’s third-biggest lender facing US Treasury enforcement action for alleged links to North Korea. “Temporarily, and until further notice, a prohibition of all payments by ABLV Bank on its financial liabilities has been imposed, and is now in effect,” the ...

Bloomberg Shares of India’s government-controlled banks fell on Monday as more lenders disclosed exposure to one of the nation’s biggest frauds. UCO Bank tumbled 7.5 percent as of 9:26 a.m. in Mumbai — set for the steepest plunge since September 2016 — after it said it has exposure of $411.8 million in the nearly $2 billion bank fraud allegedly perpetrated ...