Ryan Rainey

Morning Consult Finance, Presented by the Electronic Payments Coalition: Xi Criticizes U.S. Trade Policy Ahead of Trump G-20 Meeting

By Claire Williams Top Stories Chinese President Xi Jinping criticized U.S. trade policy in a speech at the Shanghai trade fair, denouncing the “law of the jungle” approach to trade while avoiding any mention of concessions to meet President Donald Trump’s demands, such as ceasing forced technology transfers or stemming support for state-owned enterprises. Xi […]

Morning Consult Finance: Week in Review & What’s Ahead

By Morgan Halvorsen Week in Review Trade The Treasury Department issued new rules tightening requirements for foreign investment, mandating that foreign investors notify the Committee on Foreign Investment in the United States of all deals that provide access to critical technology in 27 industries that the committee considers a potential threat to U.S. technological superiority […]

Morning Consult Finance: U.S. Stock Market Rout Drags Down Global Stocks

By Morgan Halvorsen Top Stories Yesterday’s U.S. stock market rout spread today to bourses in Asia and Europe, with analysts citing a number of factors, such as growing global trade tensions and rising U.S. interest rates. The market damage was particularly acute in China, where the Shanghai Composite Index closed down more than 5 percent. […]

Morning Consult Finance: Estimated $15.7 Billion in Catastrophe Bonds at Risk of Exposure to Hurricane Michael

By Morgan Halvorsen Top Stories Roughly $15.7 billion in catastrophe bonds, held by large investors such as pension funds, wealthy families and endowments, are at risk of exposure as Hurricane Michael nears landfall in Florida, according to reinsurance broker Aon Securities. Investors in catastrophe bonds can lose their principal under certain conditions, such as hurricane […]

Morning Consult Finance: Fannie Mae Picks Board Member to Serve as Interim CEO

By Morgan Halvorsen Top Stories Fannie Mae said Hugh Frater has been appointed to serve as the company’s interim CEO after current Chief Executive Timothy Mayopoulos departs next week. Frater, who has been a board member since 2016, previously served as chairman and CEO of Berkadia Commercial Mortgage LLC. (Bloomberg) U.S. officials have threatened to […]

Morning Consult Finance: Week in Review & What’s Ahead

By Ryan Rainey and Morgan Halvorsen Morning Consult Finance will be off for the Labor Day holiday. Publication of the morning briefs and afternoon updates will resume Tuesday. Week in Review Wells Fargo investigates gender bias, expense policy violations Wells Fargo & Co. is internally investigating allegations of gender bias in its wealth management leadership, […]