Once bitten, not shy: Investors again seek margin loans as stocks rally

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Global banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors.

FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo

While clients were not returning to margin borrowing at the level they were before the crash, “things are better than a month back,” said Murtuza Rasiwala, Americas head of banking, custody, escrow and margin and securities-backed financing at Citigroup Inc . In another sign of appetite for risk, single-stock lending—often deemed a more high-risk business—appears to remain attractive. Philipp Wehle, the head of Credit Suisse’s international wealth management division, said such lending was still on offer, with the unit recently undertaking a major single-stock transaction with a long-standing emerging market client.

“A lot of folks didn’t realize how much risk they had all these years during this bull run,” said Matt Wolper, at Wolper Law Firm in Fort Lauderdale, Florida.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

In Obama And Clinton's Democratic area. New report shows that 64% of civilian complaints against NYPD officers were filed by or on behalf of young black people ages 8 to 18 who claimed to have been mistreated after being stopped for innocuous activities like high-fiving ect.....

Economies and stock and gold markets are heavily manipulated and controlled by the wealthy few to rip off Americans and take their hard earned Dollars. Just check who got rich off of coronavirus. I wouldn't be surprised if the pandemic was just an engineered money making scam!

When the DOW tanked to 18K, didn't the big money managers like goldmansachs and morganstanley know it was unjustified and that it will come back up? They surely did and they played us. The market crash was staged to rip off average hard working Americans!!

How they killed him the full video without editing

I re-wrote that headline for you. 'More debt on top of unsustainable debt'

Those that forget History are usually very greedy.

ChristineEliaz Like rats fleeing a quarantined port for the promise of a new conquest.

waiting for the 2nd crash, plz buy stocks guys.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines