 | | | | Germany does not think it is affected by a leak of Credit Suisse client data that was published by an investigative journalism network, a spokesperson for the finance ministry said on Monday. | | | | | | The main political grouping in the European Parliament called on Monday for a review of Switzerland's banking practices and for the country's possible inclusion in the EU's dirty-money blacklist after leaks of Credit Suisse documents. | | | | | | Switzerland's financial watchdog said it was in contact with Credit Suisse after media outlets published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held at the bank in past decades. | | | | | | Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand against soaring prices. | | | | | | A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge fund Saba Capital of its full voting rights at an annual meeting. Saba filed litigation against Nuveen funds and their trustees in early 2021, arguing the asset management company illegally amended fund bylaws to prevent large shareholders from voting all of their shares. The changes resulted in shareholders only being able to vote the first 10% of their stake unless they received approval to vote the rest. | | | | | | Canada's Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. | | | | | | Eurodollar futures, which reflect the outlook for U.S. interest rates over the next few years, have started to price in an incremental easing of monetary policy by the Federal Reserve in 2024. If that plays out, it would be just two years after what is expected to be the start of a Fed tightening next month. | | | | | | Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in bolstering financial stability as the use of stablecoins and cryptocurrency grows and other countries issue their own CBDCs. | | | | | | The Bank of Canada said on Friday that Deputy Governor Lawrence Schembri will retire effective June 17, 2022 and, at that time, the Governing Council will return to its usual six-person complement. | | | | | | Credit Suisse aims to make a profit this year, Chief Executive Thomas Gottstein told Swiss newspaper Finanz und Wirtschaft in an interview published on Friday. | | | | | |
