 | | | | Investors stepped up selling in global bond funds in the seven days to Jan. 19 as hawkish remarks from U.S. Fed officials amid rising inflationary pressure solidified expectations that the central bank will tighten monetary policy as early as March. | | | | | | Stay-at-home market darling Netflix slumped on Friday, joining a broad decline in the market value of other pandemic favourites this week as investors priced in expectations for a return to normality as more countries gradually relax COVID restrictions. | | | | | | Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty. | | | | | | Piraeus Bank has agreed with investment firm Varde Partners to buy its controlling stake in Trastor Real Estate Investment Company for about 98 million euros ($111.04 million), the bank said on Friday. | | | | | | Swiss bank Union Bancaire Privee said assets under management rose 8.8% in 2021 to 160.4 billion Swiss francs ($175.40 billion), helped by favourable market conditions and net capital inflows of 5.7 billion francs. | | | | | | Investors pumped money into stocks and siphoned funds out of bonds and cash as global markets braced for higher interest rates, BofA's weekly flow show report showed on Friday. | | | | | | Top executives at the biggest U.S. banks have been optimistic about the nation's economic outlook this earnings season, pointing to healthy consumers who have cash in the bank, are again eager to spend and also to borrow. | | | | | | Goldman Sachs and JPMorgan Chase , Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking. | | | | | | Wells Fargo & Co on Thursday said the Office of the Comptroller of the Currency (OCC) terminated a 2015 consent order after the bank compensated customers harmed by its faulty product marketing and billing practices. | | | | | | U.S. Trade Representative Katherine Tai said on Thursday that global trade policy makers should not try to recreate the pre-pandemic trading system but build one that is more resilient, sustainable and supportive of higher living standards. | | | | | |
