Daily News Briefing - Friday, December 4, 2020
Top News
 JPMorgan to Reveal Bankers Who Approved Suspicious Oil Payments - Bloomberg | 11/12/2020
 Trudeau’s Finance Minister Praises Germany’s Short-Work Program - Bloomberg | 11/12/2020
 Deutsche Bank Tells Americas Investment Bankers to Work at Home - Bloomberg | 11/12/2020
Policy & Regulatory
 Watch Fed Chair Jerome Powell speak live at a European Central Bank forum - CNBC | 11/12/2020
 Factbox: The top contenders to run Biden's financial agencies - Reuters | 11/12/2020
 Bank of Mexico Leaves Interest Rates Unchanged - The Wall Street Journal | 11/12/2020
 Central bank heads warn of ‘challenging’ few months ahead despite COVID-19 vaccine - Yahoo! Finance | 11/12/2020
General Industry News
 Biggest Kenyan Bank Pauses Ethiopian Entry on Virus Uncertainty - Bloomberg | 11/12/2020
 HK stocks end lower as China sees soft growth in bank loans - Reuters UK | 11/12/2020
Top News
Bloomberg | November 12, 2020
Byline: Jonathan Browning
Reach: 32.0m

JPMorgan Chase & Co. agreed to identify any bank officials who signed off on $875 million of transfers to a former Nigerian oil minister, after the government said that some of the lender’s own managers expressed concerns.

Bloomberg | November 12, 2020
Byline: Kait Bolongaro
Reach: 32.0m

Finance Minister Chrystia Freeland said she is interested in a widely praised German work-sharing program as a second wave of Covid-19 threatens the Canadian economy.

Bloomberg | November 12, 2020
Byline: Gillian Tan
Reach: 32.0m

Deutsche Bank AG told its Americas investment bankers to stay at home as the number of Covid-19 cases climbs.

Policy & Regulatory
CNBC | November 12, 2020
Byline: Jeff Cox
Reach: 52.8m

Federal Reserve Chairman Jerome Powell is participating Thursday in a policy panel before a European Central Bank Forum on central banking. The appearance will feature a question-and-answer session with the U.S. central bank chief.

Reuters | November 12, 2020
Byline: Katanga Johnson
Reach: 31.5m

Democratic U.S. President-elect Joe Biden’s team has tapped a mix of progressives and centrist policy experts, including former derivatives market regulator Gary Gensler, to lead a transition plan for financial industry oversight.


The Wall Street Journal | November 12, 2020
Byline: Anthony Harrup
Reach: 31.6m

The Bank of Mexico left interest rates unchanged Thursday, calling a pause after 11 consecutive rate cuts to make sure inflation moves back toward its 3% target.

Yahoo! Finance | November 12, 2020
Byline: Brian Cheung
Reach: 40.3m

The leading central bankers in the world offered a cautious outlook on the global economy despite the developments on a COVID-19 vaccine, as the case count spikes in the United Kingdom, the Eurozone, and the United States.

General Industry News
Bloomberg | November 12, 2020
Byline: Bella Genga
Reach: 32.0m

Kenya’s biggest bank put on hold plans to expand into Ethiopia where fighting between the federal government and a dissident region has resulted in hundreds of deaths and caused thousands to flee.

Reuters UK | November 12, 2020
Reach: 1.6m

Hong Kong stocks ended lower on Thursday, after data showed that new bank loans in China last month fell more than expected to their lowest in a year on tightened loan quotas.