Cantor Fitzgerald Downgraded
Cantor Fitzgerald LP had its credit grade cut to one level above junk by Standard & Poor’s as competition and the brokerage’s expansion plans pressure income, according to the ratings company.
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OECD's Mann on European Banks, Bonds, and Growth
50:33 - Catherine Mann, chief economist at OECD, and Andrew Sheets, chief cross-asset strategist at Morgan Stanley, discuss the European banking industry, bond market dysfunction, trade, and the organization's outlook for global economic growth. They speak on 'Bloomberg Surveillance." (Source: Bloomberg)