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Wall Street Reins In Hedge Funds' Short Bets on Meme Stocks

(Bloomberg) Wall Street’s top brokers are quietly tightening their rules for who can bet against retail traders’ most-popular meme stocks.Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and Jefferies Financial Group Inc. are among firms that have adjusted their risk controls at prime-brokerage operations, according to people familiar with the moves. The banks are trying to protect themselves against fallout from extreme surges and dips that have characterized trading in compan ....

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Morgan Stanley's Gorman Sees Fed Raising Rates Early in 2022


Taiga Uranaka, Bloomberg News
The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Friday, Feb. 19, 2021. Federal Reserve officials in January expected it would be some time before conditions to scale back their massive bond purchases were met, leaving open the question of whether any tapering could start before 2022. Photographer: Samuel Corum/Bloomberg
, Bloomberg
(Bloomberg) Morgan Stanley Chief Executive Officer James Gorman said he expects the U.S. Federal Reserve to begin tapering its bond buying toward the end of this year and start raising rates in early 2022, well ahead of market expectations.
“My personal view is rates are likely to rise in the early part of next year, and not in 2023 which is currently the projection,” Gorman said at an online conference in Tokyo Tuesday. “The Federal Reserve will be driven by whatever their numbers tell them. I am just giving ....

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