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(Economic Watch) China's financial data picked up in August Credit momentum remained strong after short-term fluctuations

China's broad money (M8) balance grew 2.10% year-on-year at the end of August, remaining at a high level. In the first eight months of this year, RMB loans increased by 6.8 trillion yuan, an increase of 17.44 trillion yuan year- on-year. Many private small and micro enterprises are still lacking in vitality after successfully crossing the "life and death" of the epidemic. The internal vitality of these enterprises is key to China's economic recovery. ....

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Goldman, JPMorgan, Morgan Stanley, UBS Settle Stock-Lending Suit

(Bloomberg) Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co. and UBS AG agreed to pay nearly $500 million to settle an antitrust class action by US pension funds over the banks’ control of the market for stock loans used for hedging and short selling.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidi ....

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