- Bloomberg
Goldman Uses Euros to Fund Its Favorite Carry Trade: the Rupee
(Bloomberg) -- Goldman Sachs Group Inc. is using the euro as the preferred currency to fund its long rupee carry trade on bets the European Central Bank will further reduce interest rates. Most Read from BloombergBiden’s Disastrous Debate Accelerates Doubts Over CandidacyDemocrats Question Replacing Biden: Here’s How It Could WorkGavin Newsom Is Ready for the Biden EmergencyBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysSupreme Court Overturns Chevron Rule in Blow to Agency P
- Bloomberg
Big Banks to Pay $46 Million to Settle Swaps Collusion Case
(Bloomberg) -- Ten major US and European banks, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and BNP Paribas SA, plan to pay a combined $46 million to end a lengthy legal battle with pension plans that accused them of conspiring to block competitors in interest-rate swaps trading. Most Read from BloombergBiden’s Disastrous Debate Accelerates Doubts Over CandidacyBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysDemocrats Question Replacing Biden: Here’s How It Could
- Barrons.com
Hedge Funds Have Sold Tech and Consumer Stocks, While Buying Banks and Energy, Says Goldman
The sector with the highest volume of buying in June were energy stocks, which followed the price of Brent crude oil as it climbed through the month.
