Reuters Global Investor: Debt ceiling crises sharpen scrutiny of U.S. safe-haven status

Visit Reuters.com for the latest news

Global Investor Sponsored by     Tweet       Share Debt ceiling crises sharpen scrutiny of U.S. safe-haven status U.S. debt ceiling wrangles and the euro's growing dominance of bond issuance linked to environmental or sustainability goals could start to chip away at Treasuries' status as the ultimate reserve asset, putting Europe in a position to boost its share. Germany's new finance watchdog vows further supervision reforms The new president of Germany's financial watchdog BaFin on Wednesday vowed to make further efforts to bolster supervision in Europe's largest economy amid criticism that current overhaul efforts don't go far enough. JPMorgan profit powered by record M&A fee, reserve release JPMorgan Chase & Co posted a bigger-than-expected 24% jump in quarterly profit on Wednesday as it released more loan loss reserves in signs of an improving economy, while a global dealmaking boom led to record fees from advising on mergers and acquisitions. JPMorgan profit surges on M&A boom JPMorgan Chase & Co reported a jump in third-quarter earnings on Wednesday, as the largest U.S. bank's Wall Street arm capitalized on a global dealmaking boom. EXCLUSIVE U.S. SEC opens inquiry into Wall Street banks' staff communications -sources The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees' digital communications, three people familiar with the matter told Reuters. U.S. IPO boom braves market volatility Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022. SoftBank bets on crypto analytics firm Elliptic in $60 mln funding round Cryptocurrency researcher Elliptic has raised $60 million from investors including SoftBank and Wells Fargo's venture capital arm, the startup said on Monday, as more mainstream investors bet on the blockchain analytics sector. Personal finance firm NerdWallet reveals jump in revenue in IPO filing NerdWallet Inc on Friday made public its paperwork for a U.S. initial public offering that showed a more than 32% jump in revenue for the consumer financial advice website. Sachem Head owns US Foods stake, plans to push for changes Investment firm Sachem Head Capital Management LP said on Thursday that it owns a stake in US Foods Holding Corp and plans to push for changes at the food service company. U.S. banks expected to report mixed Q3 results, iffy loan outlook The largest U.S. lenders are expected to report moderately higher third-quarter profits next week as pandemic-related accounting adjustments that had doubled their earnings earlier this year taper off and business starts to return to normal. Related Videos Wall Street falls on earnings jitters U.S. corporate margins are being squeezed -fund manager Profits are priced into bank stocks -fund manager Sponsored By Cority: Accelerate your ESG journey Learn how 50 global organizations are driving their sustainability strategies forward. Plus, see where you fall on the Sustainability Maturity Model. Get the report Your world. Your news. More Newsletters Get Reuters News App               © 2021 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions