Banking, Commodities Connection Not New, Guynn Says

July 23 (Bloomberg) -- Randall Guynn, head of the financial institutions group at law firm Davis Polk & Wardwell LLP, says the connection between banking and commodities is "not a new development" and has "very ancient roots." Guynn testified before a Senate Banking subcommittee in Washington today. (This is an excerpt. Source: Bloomberg)
Fed Decision Influenced by China and Volatility: FXPro
17:00 - China's economic slowdown and increased volatility in financial markets has an impact on the Federal Reserve's policy decisions, according to Simon Smith, chief economist at FXPro. He also discusses oil prices and European Central Bank policy with Anna Edwards and Guy Johnson on Bloomberg's "Countdown." (Source: Bloomberg)
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