October 29, 2020

Earnings: More economic insight from Morgan Stanley and BofA?

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By  JJ Kinahan From Seeking Alpha Summary More big banks will be riding the early-earnings train again next week when Morgan Stanley and Bank of America let Wall Street know just how tough their Q4s played out. MS already has put Wall Street on notice that Q4 was a rough one, analysts point out. BAC’s […]

Icahn: Junk Bonds ‘Getting to be a bubble’

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By Dan Weil From Moneynews The Barclays U.S. Corporate High Yield bond index has plunged 3.1 percent so far this month, and this may be the beginning of a burst for the junk bond bubble, says legendary investor Carl Icahn. “The one area I think is getting to be a bubble is the high-yield market,” […]

SEC Adopts Credit-Rating Reforms

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By Jenna Greene, The National Law Journal A divided U.S. Securities and Exchange Commission last week adopted new rules for credit-rating agencies, stepping up review and disclosure requirements and adding safeguards to prevent sales and marketing considerations from influencing the ratings. The new rules “create an extensive framework of robust reforms,” said SEC Chairwoman Mary […]