In a recent report, Moody’s Investors Service stated that the three-year shift to deposits from money market mutual funds (MMMFs) should soon begin to reverse, prompting fiercer competition among many US banks – particularly given their growing capacity from ongoing branch expansion. Moody’s added that it expects bank deposit pricing to remain rational and so does not expect this rising pressure to hurt most bank ratings during the medium term. The report charts steady shrinkage in MMMF assets since 2001, while growth in US banks’ core deposits accelerated during the same period, which also coincided with stress in the equity markets.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.