Bloomberg Federal Reserve policy makers look to be leaning towards shortening the average maturity of their holdings of Treasury securities once they complete normalization of the balance sheet later this year. Fed Vice Chairman for Supervision Randal Quarles and Cleveland Federal Reserve Bank President Loretta Mester both said this week they would favor such a move, while also noting that …

Bloomberg Officials at one of France’s biggest lenders have moved to quell internal concerns about a stock disposal by its chief risk officer just one month before the bank disclosed a large trading loss, people familiar with the matter said. Senior officials at Natixis SA addressed employees’ questions about the trade at a series of meetings this month, according to …

Bloomberg European Central Bank President Mario Draghi launched into a defense of the European Union project as a way for countries to protect their sovereignty in an increasingly uncertain global environment. Speaking at a time when the EU is grappling with Brexit and rising populism, Draghi said the trading bloc’s institutional framework has allo- wed its members to be free …