Bloomberg The Federal Reserve has further dialed back the pace at which it plans to buy Treasuries under its unlimited quantitative easing program. The US central bank, which has been aggressively purchasing Treasuries in a bid to offset the economic and market fallout from the coronavirus pandemic said that it would dial back the daily pace of buying to $50 ...

Bloomberg JPMorgan Chase & Co. agreed to buy out its local partner to get full control of a Chinese mutual fund joint venture, taking advantage of the latest move by Beijing to open up the nation’s asset management and securities businesses to foreign firms. The US bank is buying a 49% stake held by Shanghai International Trust Co. to take ...

Bloomberg Citigroup Inc. made more than $100 million trading a huge swath of the highest-rated collateralised loan obligations as market turmoil prompted asset managers in need of liquidity to unload securities at steep discounts. Citigroup bought roughly $2 billion of AAA rated CLO bonds in late March at around 90 cents on the dollar from PGIM, the investment management business ...