Reality bites after credit traders abandon Brexit hedges
Rediscovered faith in the ability of the UK and European Union to reach an agreement before the 31 October Brexit deadline has helped fuel a surge tighter of credit spreads, led by UK financial names. But that break with caution faces an immediate reality check today, following admissions a lot more work is needed

JP Morgan Asset Management reports record AUM
JP Morgan Chase’s asset and wealth management business reported assets under management of $1.94 trillion for third quarter 2017, an AUM boost that reflected higher market levels and net inflows into liquidity and long-term products