China outlook: A “downward spiral”, reckons SocGen. “From bad to worse” and “a vicious cycle,” says Barclays. “Things could get worse before they get better,” warns Morgan Stanley.

via Reuters A look at the day ahead in Asian markets. If deepening gloom around China and a surging Japanese yen are the local market drivers in Asia, the Fed’s upcoming interest rate decision hangs heavily over world markets as …

READ MORE

S&P downgrades 5 major players over CRE loans. Barclays to cut hundreds of investment bank jobs after SP Global Ratings downgrade.

🚨BREAKING: BANK DOWNGRADES🚨 ** @SPGlobalRatings Downgrades 5 Major Regional Banks Due to High Exposures to CRE loans – @SPGlobalRatings lowers outlook on First Commonwealth, M&T Bank, Synovus, Trustmark, & Valley National Bancorp. pic.twitter.com/EdfpKjTsFy — The Coastal Journal (@1CoastalJournal) March 27, …

READ MORE

Barclays offered and sold $17.7 billion in securities, SEC requests an extension.

by Dismal-Jellyfish https://www.sec.gov/litigation/admin/2023/34-97632.pdf Source: https://www.sec.gov/litigation/admin/2023/34-97632.pdf In the Order, the Commission found that BBPLC failed to put into place any internal control around the real-time tracking of securities being offered or sold off of its Commission-registered shelf registration statements. As a result of …

READ MORE