Bloomberg An overvalued dollar is now the only possible hedge for what’s turning into the biggest destruction of shareholder value since the global financial crisis, according to macro strategists at Citigroup Inc. With global equities already down $23 trillion in 2022, the greenback’s inverse relationship to risk assets makes it the only game in town for at least the rest ...

Bloomberg Bank of America Corp (BofA) is starting a paid sabbatical program to reward its long-term employees, starting with four weeks off for those who have spent 15 years with the company. Beginning next year, the bank will offer time off to let employees “reinvest in their priorities in life,” according to a memo seen by Bloomberg News. The move ...

  Bloomberg China’s bond traders are growing less optimistic about the prospects for more monetary easing, if the derivatives markets are anything to go by. The nation’s one-year interest rate swaps, which show investor expectations of funding costs in the future, climbed for the seventh straight day on Friday in their longest rising streak since August 2019. That’s because China’s ...