Sideways: Wall Street’s Washington takeover

Sideways: Wall Street’s Washington takeover

By JON MACASKILL

The coming move towards a Volcker Rule 2.0 that relaxes monitoring of proprietary risk taking by bank dealing desks has been portrayed as a result of president Donald Trump’s administration finally placing its preferred officials in key regulatory positions.

Sideways: The ties between Wall Street, regulators and White House

Sideways: The ties between Wall Street, regulators and White House

By JON MACASKILL

If the Securities and Exchange Commission (SEC) does decide to weigh in on the issue of whether or not Blackstone’s trading in Hovnanian debt and default swaps constitutes market manipulation, it will revive questions about SEC chairman Jay Clayton’s ties to Goldman Sachs.

Sideways: Banks make terrible online brokers

Sideways: Banks make terrible online brokers

By JON MACASKILL

If Michael Spencer manages to sell NEX at a price that places a high value on its core FX and electronic bond dealing platform, he will have pulled off an impressive slow-motion brokerage trade.

Macaskill on markets: SoftBank’s strange insurance policy

Macaskill on markets: SoftBank’s strange insurance policy

By JON MACASKILL

An investment of around $10 billion in shares of a reinsurance firm does not seem like an obvious move for a technology conglomerate like SoftBank, but its founder Masayoshi Son relishes any opportunity to surprise the markets.

Macaskill on markets: Hovnanian highlights Blackstone’s risky business

Macaskill on markets: Hovnanian highlights Blackstone’s risky business

By JON MACASKILL

Blackstone-owned GSO Capital’s provision of financing for building firm Hovnanian, on condition that it defaults on debt in order to trigger a payout on default swaps, highlights the reputational risks for investors as they supplant banks in setting the agenda for the credit markets.

Sideways: Goldman’s hidden losses

Sideways: Goldman’s hidden losses

By JON MACASKILL

The recent disclosure that rare wine worth more than $1.2 million was stolen from Goldman Sachs co-president David Solomon, allegedly by a personal assistant, raises questions about which other Wall Street titans may have suffered the indignity of losses they would rather not discuss.

Macaskill on markets: Curious Qatari tactics

Macaskill on markets: Curious Qatari tactics

By JON MACASKILL

The UK’s Serious Fraud Office (SFO) charged Barclays and four former managers with fraud in June, alleging misconduct relating to two capital raising deals in 2008 and a loan to Qatar.

Sideways: The chairman emails, part II

Sideways: The chairman emails, part II

By JON MACASKILL

Following news that Barclays chief executive Jes Staley and Bank of England governor Mark Carney were fooled by spoof emails purporting to come from their chairmen, Euromoney’s Jon Macaskill has uncovered more misleading messages from the top.