When Blackstone hit the road last September to sell the bonds and loans that would finance its purchase of Refinitiv, many potential buyers were shocked at what they were being offered. The largest ...

Plunging stock indices, soaring volatility and a dimming economic outlook: today’s markets form the kind of deadly cocktail that has frequently spelled disaster for banks’ structured products books.

Morgan Stanley has appointed a new global head of macro trading after suffering heavy losses in its US interest-rate trading business earlier this year. Jakob Horder, formerly the bank’s head of EMEA ...

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