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BNP Paribas to take writedown

Eiffel Tower

BNP Paribas is writing down part of the goodwill related to its BNL unit, which will result in a reduction to fourth-quarter earnings of about $983m.

SEC builds algorithms to better police securities

Sec Building

The U.S. Securities and Exchange Commission has been building its own algorithms over about the past two years to better police trading of securities tied to mortgages and auto loans. In doing so, it says it’s now uncovered billions of dollars in trades that may raise red flags - from excessive mark-ups on bond sales to possible kickbacks for brokers who act as middlemen.

Wacky 2016 predictions

Snow Runner

Lombard Street Research has published a tongue-in-cheek alternative guide to 2016 containing (highly) unrealistic (but amusing) scenarios.



Open Sign

Aberdeen Property Fund lifts suspension

Aberdeen Asset Management has announced that it has lifted the trading suspension on its U.K. Property Fund and Property Feeder Unit Trust, a move put in place last week to protect investors from the growing number of redemption requests in the wake of a Brexit vote.