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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Recent from Bloomberg Markets and Finance:
Apr.20 — The creation of a “bad bank” would only benefit a handful of European lenders, says Societe Generale SA Chairman Lorenzo Bini Smaghi, because most institutions already adjusted their exposure to non-performing loans before the coronavirus crisis. Bini Smaghi made the comments after the Financial Times reported that European Central Bank officials are advocating a “bad bank” to take toxic debt off lenders’ balance sheets. He spoke on “Bloomberg Surveillance.”