It is the 20th of September 2019

News

Connecticut Capital Hartford Downgraded To Junk By Moody's

Just two days after S&P downgraded Hartford to junk, Moody's has piled on, pushing the Connecticut State capital below investment-grade due to "the increased likelihood that the city will pursue debt restructurings to address its fiscal challenges."

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Euro Banks Still Can't Value Their Own Equity Research; Subscriptions Range From $50k - $600k A Year

Literally no one knows the true 'value' of research, not even the investment banks that are selling it.  Up until now, equity research has been treated as a 'freebie' given away to institutional clients in return for trading commissions but that is all about to change thanks to the European Union’s MiFID II regulations, which require asset managers to separate trading commissions from investment-research payments.

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