Asset Management

State Street chief warns of bond liquidity fears among asset managers

Asset managers are stacking up excess cash, fearing low liquidity in the bond market and faced with regulatory pressure to “stress test” their fixed income portfolios, Jay Hooley, chief executive of State Street, said on Friday, citing the US custodian bank’s swollen excess deposits.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump