News

Equilend, a technology, data and analytics firm, has launched Orbisa securities lending data on the Bloomberg App Portal, providing a dataset comprising US$32 trillion of global lendable equity and fixed income securities.

America’s biggest banks reported stronger-than-expected earnings in the first quarter, highlighting how a resilient economy is helping power everything from Main Street to Wall Street. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley all reported revenue and earnings that beat or met analysts’ expectations. Consumer spending remained robust. Pent-up demand for dealmaking, stock and bond sales lifted earnings at the Wall Street-heavy banks.

The US Securities and Exchange Commission was sued by a conservative think tank and a pair of individual investors who claim the regulator’s new market surveillance tool violates their constitutional privacy rights. Filed Tuesday in federal court in Waco, Texas, the suit led by the National Center for Public Policy Research accuses the SEC of acting without authority to create the Consolidated Audit Trail, a database intended to collect virtually all US trading data.

After launching the world’s first mutual fund 100 years ago, MFS Investment Management is poised to make its debut in the ETF market. In the most powerful sign yet that the low-cost trading vehicles are taking over the world of investing, the firm has applied to create five actively managed exchange-traded funds spanning stocks and bonds, according to Monday filings with the Securities and Exchange Commission.