HALISTER1: U.S. ECO PREVIEW: NAHB HMI Due in 5 Minutes

U.S. ECO PREVIEW: NAHB HMI Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • NAHB 68; range 65 to 70 (33 estimates)
    • In April, the index retreated to 68 after rising to an almost 12-year high of 71 in March; during the financial crisis the housing index bottomed out at 8 in January 2009

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: DBRS: The Tilde-Shaped Default Curve: Rising Refinance Risk is Reshaping CMBS Default Patterns

DBRS: The Tilde-Shaped Default Curve: Rising Refinance Risk is Reshaping CMBS Default Patterns

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Erin Stafford (Dbrs, Inc.)
Tom Yang (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
FI Issuer Research
Fixed Income Research
Investment Research

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UUID: 7947283

HALISTER1: Nordea Is ‘Morally Obliged’ to Fight Money Laundering, CRO Says

Nordea Is ‘Morally Obliged’ to Fight Money Laundering, CRO Says

(Bloomberg) -- Nordea has a moral obligation to fight money laundering, Chief Risk Officer Julie Galbo tells Denmark’s parliament.
  • Nordea wants to develop tools to help identify potential financial crimes and to use that expertise to help the authorities, Galbo says
  • Nordea has historically been too focused on banking, and hasn’t done enough to counter money laundering, she says
  • The bank is able and willing to help authorities track the money trail of suspected criminals, Galbo says
  • Galbo says it’s not possible to rule out that Nordea might be used by criminals for money laundering purposes in the future, but says the bank will do whatever it can to avoid that happening
  • Galbo says Nordea is cautious on blockchain technology because it can be used by criminals to channel funds

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
NDA SS (Nordea Bank AB)

People
Julie Galbo (Nordea Bank AB)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Empire Manufacturing Survey Due in 5 Minutes

U.S. ECO PREVIEW: Empire Manufacturing Survey Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Empire 7.5; range 4 to 11.7 (41 estimates)
    • In April, the index registered 5.2, the lowest since November, amid a slowdown in new orders and the average workweek

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: AIG Names Hamilton’s Brian Duperreault Seventh CEO Since 2005

AIG Names Hamilton’s Brian Duperreault Seventh CEO Since 2005

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AIG US (American International Group Inc)
MMC US (Marsh & McLennan Cos Inc)

People
Brian Duperreault (Hamilton Insurance Group Ltd)
Carl Icahn (Icahn Enterprises Holdings LP)
Douglas Steenland (ILFC Holdings Inc)
Maurice Greenberg (CV Starr & Co Inc)
Peter Hancock (American International Group Inc)

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UUID: 7947283