MARKETS
New York has matched London's ranking as top global financial center in the City of London Corp. benchmark report.
Last year was one of the worst years in history for stocks and bonds, sending a "warning signal" to global investors, said OPTrust CIO James Davis.
There is an "urgent need" for increased resilience among non-bank financial institutions and activities, the BOE said.
The Bank of England kept pace with the Federal Reserve with a 25-basis-point increase, amid rising U.K. inflation and volatility in global markets.
Although Asian banks are mostly unaffected by the collapse of U.S. banks, managers and regulators must assuage investors' fears of contagion.
Central banks must work to calm investors in light of a crisis of confidence in the banking sector, money managers said.
One year on from the start of war in Ukraine, global markets — and investors — are still feeling the effects of Russia's invasion.
The Philadelphia Eagles will defeat the Kansas City Chiefs in Super Bowl LVII and beat the 1.5-point spread, predicts an Allspring Global Investments team.
Bank of Japan Gov. Haruhiko Kuroda shocked global markets by adjusting the central bank's yield curve control program.
Financial watchdogs must take action to strengthen the resilience of liability-driven investment arrangements, the Bank of England said.
