Institutional

Despite recent records, optimism about stock market performance this year has wilted as investors fret about the global economy, unexpected shocks later this year, and the intensifying pull between stretched share prices and overbought bond markets, a recent Reuters poll of more than 250 analysts, fund managers and brokers worldwide showed.

The SEC is reportedly looking into whether Elon Musk's Tesla Motors should have told investors about a fatal May 2016 crash of a Model S electric car that was operating on the firm's much-heralded autopilot system.

The November U.S. presidential election is shaping up to be one of the most emotionally divisive in memory, but in contrast to previous contests, option bets on volatility around the Nov. 8 election are running lower than could be expected, according to new research from BNP Paribas.

Wall Street's top banks remain largely split over whether the Federal Reserve would raise U.S. interest rates in 2016, according to a Reuters poll of primary dealers following Friday's strong jobs data, although a slight majority still expects one hike by the end of the year.

UBS has recruited former RobecoSAM CEO Michael Baldinger to become its head of sustainable and impact investing, as the Swiss bank moves to further expand into ESG-themed investment services.

Despite the worldwide stampede into U.S., German, Japanese and even British government debt that has sent yields plummeting to historic lows, some well-known bond strategists see yields falling even further.

Clayton, Dubilier & Rice named Nitin Sahney, former President and chief executive officer of Omnicare Inc., as an operating advisor to CD&R’s funds.

Britain’s shock decision to leave the European Union will have far-reaching consequences for the global economy, but a short-term consequence is an almost certain delay in the pace of monetary policy normalization in the United States. 

HSBC has agreed to pay $35 million to settle private U.S. antitrust litigation claiming that it harmed investors, including CalSTRS and Kyle Bass's hedge fund Hayman Capital Management, by conspiring with other banks to manipulate the yen LIBOR and Euroyen TIBOR benchmark interest rates.

Financial markets, particularly equities, may be viewing the looming Brexit vote on Britain leaving the European Union as a local event rather than a globally systemic risk - thus underpricing it two weeks before Britons vote.