HALISTER1: Brazil Carwash Prosecutors Accuse Lula of Alleged Corruption

Brazil Carwash Prosecutors Accuse Lula of Alleged Corruption

(Bloomberg) -- Former President Luiz Inacio Lula da Silva is also accused of money laundering, according to statement published on Federal Prosecutors website.
  • Accusation relates to contracts signed between Petrobras and builder Odebrecht
  • Bribes paid by Odebrecht in scheme led by Lula reached 75m reais in 8 contracts with Petrobras, including a land area valued at 12.5m reais for Instituto Lula and an apartment valued at 504,000 reais
  • Prosecutors also accused Marcelo Odebrecht, Antonio Palocci, Branislav Kontic, Paulo Melo, Demerval Gusmao, Glaucos da
Costamarques, Roberto Teixeira and Marisa Leticia Lula da Silva
  • Link to statement
  • Instituto Lula’s press office said it’s not aware of this new accusation
    • “We’ve always acted accordingly to the law before, during and after presidency”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Luiz Inacio Da Silva (Federative Republic of Brazil)
Marcelo Odebrecht (Odebrecht SA)

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HALISTER: Biggest Banks $70 Billion Short in Fed Push to Prevent Bailouts

Biggest Banks $70 Billion Short in Fed Push to Prevent Bailouts

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
WFC US (Wells Fargo & Co)
BAC US (Bank of America Corp)
C US (Citigroup Inc)
GS US (Goldman Sachs Group Inc/The)
JPM US (JPMorgan Chase & Co)

People
Donald Trump (United States of America)
Janet Yellen (Federal Reserve System)
Timothy Sloan (Wells Fargo & Co)

Topics
BGOV Finance

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UUID: 7947283

HALISTER1: South African Reserve Bank Imposes Fines on SocGen, Absa

South African Reserve Bank Imposes Fines on SocGen, Absa

(Bloomberg) -- Central bank fines Societe Generale, Absa after identifying weaknesses in anti-money laundering, combating of financing or terrorism control measures, SARB says in statement on website.
  • Societe Generale fined 2m rand, Absa fined 10m rand
  • “Societe Generale and Absa are cooperating with the SARB and have taken measures to address the identified compliance deficiencies and control weaknesses”
  • Administrative sanctions follow SARB inspections in terms of Financial Intelligence Centre Act
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BGA SJ (Barclays Africa Group Ltd)
GLE FP (Societe Generale SA)

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HALISTER1: UST 10Y Yield Can Reach 3% in 3 to 6 Months, BNP Says

UST 10Y Yield Can Reach 3% in 3 to 6 Months, BNP Says

(Bloomberg) -- 10Y yield has scope to 3.75% based on term premium and expected Fed rate path, to 4% based on real yield and breakeven inflation, Shahid Ladha, head of G10 rates strategy in Americas at BNP Paribas, says in press briefing.
  • “We expect an increase in risk premia leading to higher rates, steeper curves, higher breakevens and higher volatility,” Ladha says
  • BNP recommends selling UST 10Y at 2.30%, targeting 3%, with stop at 2%; carry is -2bp/month
  • 2Y yield can reach 1.4% in 3-6 months
  • They expect curve to steepen, favor 5s10s
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BNP FP (BNP Paribas SA)

People
Shahid Ladha (BNP Paribas SA)

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UUID: 7947283