Wall Street Banks Stockpile Funds For Possible Recession, Show Resilience

Wall Street Banks Stockpile Funds For Possible Recession, Show Resilience

NEW YORK (Reuters) – Wall Street’s biggest banks stockpiled more rainy-day funds to prepare for a possible recession ahead and reported weak investment banking results, but said consumers remained healthy and higher rates boosted profits. The outlook for big U.S. banks has been clouded by the Russia-Ukraine conflict and fading economic stimulus measures. Higher borrowing…

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Investors jump into equities and bonds in Goldilocks scenario – BofA

LONDON (Reuters) -Investors poured money into equity and bond funds and moved money out of gold in the week to Wednesday, according to BofA Global Research, taking heart from a string of positive data points and policy changes. “You don’t get more Goldilocks than that,” the report said of Thursday numbers that showed U.S. consumer…

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Exclusive-India Alleges France's Pernod Violated Delhi City Rules To Boost Market Share

Exclusive-India Alleges France’s Pernod Violated Delhi City Rules To Boost Market Share

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Pernod Ricard violated the liquor policy of India’s capital city by financially supporting retailers who in exchange stocked more of the French company’s brands and boosted its market share, the country’s financial crimes agency alleges. India’s Enforcement Directorate said in court documents filed in November…

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