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Swiss lender held off currency interventions

Bloomberg Swiss National Bank sight deposits fell for the first time in seven weeks, suggesting the central bank has scaled back interventions to weaken the franc. Sight deposits, considered an early indicator of SNB market activity, declined 154 million francs ($155 billion). They had risen by 2.5 billion francs the previous week, and 3.8 billion francs the period before that. ...

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Banker pay restrictions to stay: Ireland

Bloomberg Ireland won’t change its restrictions on banker pay, its junior finance minister signalled, in the clearest sign yet that the rules will remain in place. “I’m of the view the decision is made,” Michael D’Arcy said in a Bloomberg TV interview in Hong Kong. “The bankers in those institutions are well paid. The threshold is 500,000 euros and that’s ...

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JPMorgan: It’s time to buy stocks despite trade woes

Bloomberg Now is finally the time to buy risk assets, with global stocks set to advance into the year-end, strategists at JPMorgan Chase & Co said. Positive technical indicators and monetary easing will likely outweigh the uncertainty of the US-China trade war and the “wild card” of developments in tariff negotiations, according to JPMorgan. After August’s sell-off, the strategists signalled ...

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