Bloomberg Bank of Montreal (BMO) became another victim of the slowdown in capital markets last quarter, as a slump in equity and debt issuances reduced investment-banking fees. Capital-markets revenue fell 20% to $974 million in the fiscal third quarter, the Toronto-based company said in a statement on Tuesday. Overall profit missed analysts’ estimates. Bank of Montreal, which generates a ...

  Bloomberg Mexico’s central bank (Banxico) board is debating how closely to follow US interest rate rises, as members grapple with slowing growth and the fastest inflation in two decades. One of the five board members argued that Mexico’s interest rate increase had to match that of the US Federal Reserve to preserve the spread between rates in the two ...

  Bloomberg Bonds are sliding toward the first bear market in a generation, burning investors who erred in bets that central banks would pivot away from rapid interest-rate hikes. The Bloomberg Global Aggregate Index, which tracks total returns from investment-grade government and corporate bonds, is within a percentage point of falling 20% from its peak after another bout of selling ...