Good morning everyone. A lot of interesting things happened while you were sleeping: Brazil’s Petrobas corruption probe saw two of the nation’s most powerful business figures behind bars, Nomura dismissed two of its mortage-bond traders amidst an SEC investigation, and Carl Icahn declined Donald Trump’s Secretary of Treasury offer should the real estate titan win the White House.
Here’s a few more:
ECB throws Greece a teeny-tiny bone. With the Greek banking system bleeding at a rapid rate, the ECB has agreed to raise the cap on its emergency liquidity assistance by around $2 billion, a rise good enough to cover the banks until Monday’s close. Reuters
Powerful Brazilian billionaire CEOs arrested amid Petrobras probe. Marcelo Odebrecht and Otavio Azevedo, two of Brazil’s most powerful businessmen, were arrested in connection with the graft and corruption investigation at the nation’s state-owned oil company, Petrobras. The Odebrecht and Andrade Gutierrez conglomerates, which Odebrecht and Azevedo respectively control, include two of Latin America’s largest construction companies. Bloomberg
Carl Icahn declines Trump’s Secretary of Treasury nomination. After his friend and fellow billionaire Donald Trump proclaimed him and Jack Welch as his top picks for Secretary of Treasury should Trump win the White House, takeover titan Carl Icahn wasted no time in declining the offer, saying that while he was flattered, he “do(es) not get up early enough in the morning to accept this opportunity.” Shareholders’ Square Table
Nomura axes two mortgage-bond traders amid SEC probe. With the SEC investigating the firm’s MBS trading and counterparty communications, Nomura Holdings has dismissed two of its New York-based mortgage-bond traders connected to the probe. Bloomberg
Istituto Centrale delle Banche Popolari Italiane to be acquired in club deal. A group of private equity firms including Bain & Company have agreed to purchase the Italian payment and clearing services company Istituto Centrale delle Banche Popolari Italiane for around $2.4 billion. New York Times
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