Five months ago I wrote that I had been very closely following the case of John Edmonds, the JPMorgan banker accused of manipulating gold prices lower with spoofing. Edmonds was scheduled to be sentenced for his crimes at the end of 2018, but before his sentencing he...
Global banks are involuntarily stocking up on risky corporate loans as a result of investors beginning to cut risk in the credit markets, according to Bloomberg. Underwriters that could once easily offload risk associated with corporate debt are finding...