Debt / Fixed Income Markets

Intesa sees closure of 600 branches, exit of 3,900 staff in Veneto banks deal

Intesa sees closure of 600 branches, exit of 3,900 staff in Veneto banks deal

Published 26/06/2017

FILE PHOTO: Intesa Sanpaolo bank logo is seen at the headquarters during shareholders' meeting in Turin, Italy, April 27, 2017. REUTERS/Giorgio Perottino/File Photo

Intesa Sanpaolo (ISP.MI) said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff.

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Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Published 26/06/2017

Takata Corp. Chairman and CEO Shigehisa Takada bows as he attends a news conference after its decision to file for bankruptcy protection in Tokyo, Japan, June 26, 2017. REUTERS/Toru Hanai

Japan's Takata Corp (7312.T), the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems.

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U.S. home lenders see leaner times ahead: Fannie Mae survey

U.S. home lenders see leaner times ahead: Fannie Mae survey

Published 26/06/2017

FILE PHOTO: New home construction is seen in San Diego, California, U.S. on August 21, 2015. REUTERS/Mike Blake/File Photo

U.S. mortgage lenders are bracing for rockier times as consumers demand for home loans slows and competition in the mortgage industry intensifies, Fannie Mae's latest quarterly survey released on Monday showed.

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Tradeweb to be main offshore trading platform for China `Bond Connect`

Tradeweb to be main offshore trading platform for China `Bond Connect`

Published 26/06/2017

Tradeweb, a fixed-income trading platform, will connect with China Foreign Exchange Trading System (CFETS) to be the main interface for offshore investors trading in China's bond market through the country's upcoming "Bond Connect" scheme, the company said on Monday.

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Key Republican Collins has `serious concerns` on healthcare bill

Key Republican Collins has `serious concerns` on healthcare bill

Published 26/06/2017

Senator Susan Collins (R-ME) speaks to reporters after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts

Republican Senator Susan Collins of Maine said on Sunday she has extreme reservations about the U.S. Senate's healthcare overhaul and does not think it will be able to pass this week.

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Conservative Koch network criticizes U.S. Senate healthcare bill

Conservative Koch network criticizes U.S. Senate healthcare bill

Published 25/06/2017

FILE PHOTO: An Americans for Prosperity banner is seen during an event in Manchester, New Hampshire, July 22, 2015. REUTERS/Dominick Reuter

Officials with the conservative U.S. political network overseen by the Koch brothers say they are unhappy with the healthcare bill that may be voted on by the Senate this week and will lobby for changes to it.

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China`s ICBC says checks of loans by big acquirers are routine

China`s ICBC says checks of loans by big acquirers are routine

Published 23/06/2017

Fosun International Ltd services are displayed at a news conference in Hong Kong, China March 29, 2017. REUTERS/Bobby Yip

Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms.

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`Bailout` Buffett burnishes `lender of last resort` image

`Bailout` Buffett burnishes `lender of last resort` image

Published 23/06/2017

FILE PHOTO - Investor Warren Buffet arrives for the premiere of the film ''Wall Street: Money Never Sleeps'' in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo

It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C$360 million (US$272 million) paper profit by propping up a major Canadian lender on life support.

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U.S. stock fund flows decline week after one of biggest inflows of 2017

U.S. stock fund flows decline week after one of biggest inflows of 2017

Published 22/06/2017

A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday.

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U.S.-based taxable bond funds attract $3 billion in week: Lipper

U.S.-based taxable bond funds attract $3 billion in week: Lipper

Published 22/06/2017

A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

Investors poured $3 billion into U.S.-based taxable bond funds during the latest week despite incurring some losses, Lipper data showed on Thursday.

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