HALISTER1: BB&T Sanctioned by Fed Over Anti-Money Laundering Deficiencies

BB&T Sanctioned by Fed Over Anti-Money Laundering Deficiencies

(Bloomberg) -- The Federal Reserve ordered bank to submit plan within 60 days to improve compliance with Bank Secrecy Act.
  • Federal Reserve Bank of Richmond “identified significant deficiencies” in BB&T’s anti-money laundering controls in recent inspection, according to order released Friday
  • Enforcement action requires Winston-Salem, N.C.-based bank to strengthen board of directors oversight of compliance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
TARP Recipients

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Barclays Enter Tactical Long UST 10Y, Citing Policy Uncertainty

Barclays Enter Tactical Long UST 10Y, Citing Policy Uncertainty

(Bloomberg) -- Bank recommends going long 10Y Treasuries “tactically’ as policy uncertainty remains elevated, say strategists including Rajiv Setia.
  • Long duration position established Thursday at 2.52% yield
  • Rationale includes complacency in markets given the range of outcomes amid policy uncertainty, while medium/long-term Fed expectations and term premia should be contained
  • Also acknowledge that boosts to growth through fiscal expansion risk pushing up short rates over the next 1-2 years; medium-term fed funds outlook should be capped as investors foresee some possibility of expansion ending
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Rajiv Setia (Barclays PLC)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Global Infrastructure Partners Raises Record $15.8 Billion Fund

Global Infrastructure Partners Raises Record $15.8 Billion Fund

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)
1013340Z US (Global Infrastructure Partners)

People
Donald Trump (United States of America)
Adebayo Ogunlesi (Global Infrastructure Partners)
Hillary Clinton ((US)2016 Presidential Election)
James Dimon (JPMorgan Chase & Co)
Laurence Fink (BlackRock Financial Management Inc)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: University of Michigan Index Due in 5 Minutes

U.S. ECO PREVIEW: University of Michigan Index Due in 5 Minutes

(Bloomberg) -- University of Michigan consumer sentiment index seen at 98.1 in final Jan. reading, same as preliminary (forecast range 97 to 99); based on random sample of households.
  • “Partisan divide has influenced consumer sentiment to a larger degree than usual in the post-election University of Michigan survey readings. Once election hype subsides, hard economic data on growth, unemployment and inflation will define consumer attitudes": Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
8810Z US (University of Michigan)

To de-activate this alert, click here

UUID: 7947283