HALISTER: Deutsche Bank, HSBC Said Stuck With Schaeffler Stake After Sale

Deutsche Bank, HSBC Said Stuck With Schaeffler Stake After Sale

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DBK GR (Deutsche Bank AG)
HSBA LN (HSBC Holdings PLC)
BAC US (Bank of America Corp)
C US (Citigroup Inc)
SHA GR (Schaeffler AG)

People
Frank Schwope (Norddeutsche Landesbank Girozentrale)
Klaus Rosenfeld (Schaeffler AG)

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UUID: 7947283

HALISTER: RBC Adds Senior Credit Traders From Goldman Sachs, Credit Suisse

RBC Adds Senior Credit Traders From Goldman Sachs, Credit Suisse

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
CSGN VX (Credit Suisse Group AG)
GS US (Goldman Sachs Group Inc/The)
RY CN (Royal Bank of Canada)

People
Katie Murphy (Goldman Sachs Group Inc/The)
Kieran Fitzpatrick (Credit Suisse Holdings USA Inc)
Douglas Colandrea (RBC Capital Markets LLC)
Jason Mandel (RBC Capital Markets LLC)
Marc Harris (RBC Capital Markets LLC)

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UUID: 7947283

HALISTER1: Labor Market Slack May Slow Fed’s Hiking Pace, BofAML Says

Labor Market Slack May Slow Fed’s Hiking Pace, BofAML Says

(Bloomberg) -- Sixth straight increase in labor force participation rate in March employment report to 63%, highest level since March 2014, if sustained, will suggest “there is more capacity in the labor market, in excess of what is implied by the current 5% unemployment rate,” BofAML economists led by Michelle Meyer say in note.
  • This “provides another reason for the FOMC to engage in a very slow and cautious hiking cycle, which would likely dampen USD strength”
  • Participation rate “is broadly dominated by long-run demographic moves as opposed to business cycle moves,” and controlling for those implies an unemployment rate “in the low 6% range”
  • Fed still is likely to hike twice this year (June and Dec.), driving USD higher, assuming that “policy will still be accommodative enough to underpin the U.S. recovery and support a continued rise in the LFPR”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: ISM Non-Mfg, Job Openings Due in 5 Minutes

U.S. ECO PREVIEW: ISM Non-Mfg, Job Openings Due in 5 Minutes

(Bloomberg) -- ISM non-manufacturing index seen at 54.2 in March vs 53.4 in Feb. (forecast range 52 to 55.5); composite index tracks business activity, orders, employment, deliveries; above 50 indicates expansion, below 50 contraction.
  • Job openings seen at 5.49m in Feb. vs 5.541 in Jan. (forecast range 5.4m to 5.5m); data track employers taking specific action to fill newly created or unoccupied positions
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Ex-Barclays Libor Traders ‘Driven by Money,’ Prosecutor Says

Ex-Barclays Libor Traders ‘Driven by Money,’ Prosecutor Says

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BARC LN (Barclays PLC)

People
Robert Diamond (Atlas Merchant Capital LLC)
Ryan Reich (Wcg Master Fund Ltd)
Stylianos Contogoulas (Merrill Lynch International)

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UUID: 7947283

HALISTER1: *VALEANT HAS FOUND NO ADDED ITEMS THAT WOULD REQUIRE RESTATEMENT

*VALEANT HAS FOUND NO ADDED ITEMS THAT WOULD REQUIRE RESTATEMENT

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
VRX CN (Valeant Pharmaceuticals International Inc)

People
Jared Levy (Sard Verbinnen & Co)
Laurie Little (Valeant Pharmaceuticals International Inc)
Meghan Gavigan (Sard Verbinnen & Co)

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UUID: 7947283

HALISTER1: Russian Prosecutors to Check Offshore Leaks Data on Its Citizens

Russian Prosecutors to Check Offshore Leaks Data on Its Citizens

(Bloomberg) -- Prosecutor General’s Office will verify information published in domestic, foreign media about Russian individuals, entities alleged to hold offshore cos., accounts, according to statement on its website.
  • Main purpose of inquiry is to check whether Russian citizens comply w/ domestic legislation, intl law on preventing corruption, money-laundering
  • NOTE: Kremlin spokesman Dmitry Peskov told reporters on April 4 that so-called Panama Papers on offshore transactions have nothing to do w/ President Vladimir Putin; said he can’t comment on behalf of govt agencies that may seek to check leaked data
  • NOTE: ‘Panama Papers’ Train New Spotlight on Global Elites’ Wealth
  • NOTE: Panama Papers Allegations Seek to Target Putin, Russia: Kremlin
  • NOTE: Putin Not Linked to $2 Billion Offshore Loans, VTB CEO Says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Dmitry Peskov ((RUS)Ofc Of The President)
Vladimir Putin (Russian Federation)

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UUID: 7947283