The Securities and Exchange Commission (SEC) today charged registered broker-dealer BMO Capital Markets Corp. with failing to supervise employees who, from December 2020 until May 2023, sold mortgage-backed bonds using offering sheets and bond metrics that were misleading and did not accurately describe the characteristics of the collateral backing the bonds. To settle the charges, … Read more
By Jonathan Stempel NEW YORK (Reuters) – A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who misled investors about the attractiveness of mortgage-backed bonds the bank was selling. The settlement announced by the SEC on Monday includes a … Read more
A number of catastrophe bonds have experienced negative secondary market price movements due to potential exposure to aggregate attachment erosion, or actual losses, from the Los Angeles and Southern California wildfires. Here we detail a number of the biggest movers, based on information seen and conversations with sources in the cat bond market.As the industry … Read more
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors this morning are watching the continued sell-off being attributed to higher bond yields. Wedbush’s Dan Ives shares his picks during the tech volatility and David Zervos from … Read more
The National University of Singapore (NUS), Northern Trust and Singaporean bank UOB have partnered to tokenize green bond data. As part of Singapore’s Project Guardian trials, data relating to NUS’ third green bond, issued in 2023 has been tokenized on the Northern Trust Matrix Zenith platform. Northern Trust launched the platform last year, which is integrated … Read more
The state of Colorado is moving forward with its plans to purchase Estes Park landmark The Stanley Hotel and fund a substantial makeover of the property. During its October 2024 board meeting, the Colorado Educational and Cultural Facilities Authority approved issuing up to $475 million in bonds for the eventual purchase of the hotel. “Since … Read more
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s S&P 500 index has all but wiped out its post-election gains, weighed by bond markets fearful of an inflation and interest rate resurgence if the hot economy gets stoked by President-elect Donald Trump’s incoming administration. With the … Read more
The investment tools you use will depend on what you’re trying to achieve and when. For short-term goals — maybe you want to buy a car in the next two years or a house in the next five — stick with a low-risk option like a savings account or certificate of deposit (CD), Dosen said. … Read more
Cats mimic each other’s facial expressions to communicate and develop deeper bonds with one another, a new study from the University of Haifa published last week found. By using Artificial Intelligence to study cats’ facial mimicry, researchers at the Israeli institution’s Tech4Animals Laboratory in the Department of Information Systems at the university were able … Read more
(Bloomberg) — European stocks and US equity futures dropped as traders trimmed bets on Federal Reserve interest-rate cuts after Friday’s payroll data. Global bond yields rose, while the dollar strengthened. Most Read from Bloomberg Europe’s Stoxx 600 Index fell 0.6%. Energy stocks outperformed as oil climbed to a four-month high, with a fresh wave of … Read more