With Traders Far From Offices, Banks Bring Surveillance to Homes

(Bloomberg) — In this open-ended era of working from home, the financial industry is taking unprecedented steps to police bankers and prevent wrongdoing.

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Traders at firms like Barclays Plc must certify they work in separate rooms to housemates. Morgan Stanley bankers are using laptops where every key stroke is recorded. Lenders including NatWest Group Plc are requiring daily location updates from traders and recording video calls.

With fresh lockdowns sweeping Europe this weekend, including Londoners being banned from mixing with other households indoors and Parisians under curfew, such remote monitoring seems here for the long haul.

The pandemic has already forced compliance officials at banks and trading firms to navigate a steep learning curve since March when they cobbled together a patchwork of measures for the first government-mandated lockdowns. Regulators, who early on had to relax some monitoring rules to enable traders to work from home, now expect

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These stocks trading at discounts may be worth buying: Traders

Amazon, Target and Walmart aren’t the only places buyers can find deep discounts this week.

There’s also a fire sale in a group of stocks trading well below both their historical forward price-earnings multiples over the last five years and their forward PEs over the next 12 months.

Stock Historical Forward PE Forward PE
Mylan N.V. 7.29 3.5
Hewlett Packard Enterprise Co. 9.35 6.8
CVS Health Corporation 12.12 7.9
AT&T Inc. 11.37 8.6
Molson Coors Beverage Company 16.46 9.5
Tapestry Inc. 16.12 9.7
Kroger Co. 14.31 11.9
Intel Corporation 12.52 11.3
Lennar Corporation 12.33 10.5
Tyson Foods Inc. 13.54 10.1

But are these bargain buys or possible bull traps?

Matt Maley, chief market strategist at Miller Tabak, told CNBC’s “Trading Nation” on Wednesday that he was taking a cautiously positive stance on one name in particular: Tapestry.

While he was concerned about the possibility of more layoffs at the luxury

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