Lydia Beyoud

Hedge funds and traders betting against bank stocks are filling a critical role, according to Odeon Capital Group’s Dick Bove.

The head of Wall Street’s main regulator says a US default could cause deep and lasting damage to markets.

Kalshi Inc. has withdrawn its bid to get the US government’s blessing to list derivatives that would let Americans bet on the outcome of congressional elections, according a notice on the Commodity Futures Trading Commission website.

The Bloomberg Sustainable Finance Forum is under way, focusing on topics ranging from opportunities in the US market to the evolving regulatory environment.

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US prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse, according to people familiar with the matter.

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The top US markets cop called out regulatory gaps in investment funds overseen by bank regulators and the Securities and Exchange Commission, saying they should be treated like money market funds.

A highly leveraged bond trade that’s become popular with hedge funds is drawing fresh scrutiny three years after it blew up spectacularly.

The basis trade involves borrowing heavily in the repurchase market and using that leverage to exploit the price gap between Treasury futures and the cash market.