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JPMorgan, Morgan Stanley bet on Colombia sinking further into junk after S&P move


FinanceWall Street giants bet on Colombia sinking deeper into junk
Reuters
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A JPMorgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photo/File Photo
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Wall Street banks predicted on Thursday that Fitch would downgrade Colombia s credit rating to junk before the year is out and spark forced selling after a similar move by S&P Global Ratings on Wednesday.
Colombia has come into focus after President Ivan Duque was forced to withdraw a tax reform proposal seen as important for fiscal stability in early May amid staunch opposition from lawmakers and deadly street protests. read more ....

United States , Morgan Stanley Simon , Jpmorgan Katherine Marney , Ivan Duque , Thomson Reuters Trust Principles , Morgan Stanley , Wall Street , President Ivan Duque , Katherine Marney , South American , Simon Weaver , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , இவன் ட்யூக் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , மோர்கன் ஸ்டான்லி , சுவர் தெரு , ப்ரெஸிடெஂட் இவன் ட்யூக் , தெற்கு அமெரிக்கன் , சிமோன் நெசவாளர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Analysis: Lebanon's woes push it to fringes of global finance system


Middle EastAnalysis: Lebanon s woes push it to fringes of global finance system
Tom ArnoldLaila BassamEllen Francis
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A view of Lebanon s Central Bank building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed Azakir
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Foreign lenders including HSBC (HSBA.L) and Wells Fargo (WFC.N) are cutting ties with Lebanon s central bank, sources familiar with the matter told Reuters, underlining the country s international isolation as it reels from economic crisis.
In a letter to Lebanon s public prosecutor last week, Governor Riad Salameh warned that foreign correspondent banks were starting to curtail their business relationships with the local financial system, while Wells Fargo had closed a central bank account in dollars, and HSBC had shut its British sterling account, according to three sources from the banking sector and the judiciary. ....

United States , United Kingdom , City Of , Michel Aoun , Khaled Abdel Majeed , Thomson Reuters Trust Principles , International Monetary Fund , Deutsche Bank Dbkgn , International Settlements , Deutsche Bank , Wells Fargo , Governor Riad Salameh , New York Mellon , International Monetary , South American , Iran Backed Hezbollah , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , மைக்கேல் ஒன் , ஹேலிட் அப்தெல் மஜீத் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சர்வதேச பண நிதி , சர்வதேச குடியேற்றங்கள் , டாய்ச் வங்கி ,