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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Varnholt Sees Value Potential in Dollar Over Sterling
51:38 - Burkhard Varnholt, global deputy chief investment officer at Credit Suisse Group, discusses market influence of the upcoming U.K. election and what he sees for the British pound. He speaks with Bloomberg's Nejra Cehic on "Bloomberg Surveillance." (Source: Bloomberg)