Day: 31 July 2020

US Personal Income Drops as Stimulus Winds Down

US Personal income fell further in June after a large May decline, again reflecting the pullback from the stimulus surge in April. At the same time, consumer spending rose solidly in each of the last two months due to business re-openings, but not enough to offset the sharp April decline the Commerce Department reported Friday. […]

Nice Actimize Unveils Surveil-X Conduct

In an effort to reduce what it terms “the growing risks associated with employee misconduct and market abuse in this current environment”, Nice Actimize has announced the launch of Surveil-X Conduct, a package of machine learning-based applications which the firm says helps financial services organisations assess, manage and mitigate a broad range of conduct risks across the enterprise, […]

TP Icap Buys Louis Capital Markets

TP Icap has paid $21 million in cash with a further $23 million in deferred non-contingent consideration, for European boutique inter-dealer broker Louis Capital Markets. Louis Capital’s 80 front-office employees operate primarily out of London and Paris, with smaller offices in New York and Hong Kong. Michael Benhamou and Patrice Cohen who founded and led the […]

Status Check: No Good News for Virus, GDP, Jobs; Trump Distracts

The following is Thursday’s status check of developments in the US that can influence economic, health and political outcomes: Thursday’s welter of policy countercurrents, paralysis and confusion about ominous suggestions from the president was in contrast to the stark facts about the virus that stood out in sharp relief, that there were 1,400 US deaths, […]