Fed’s Powell rides off to Jackson Hole; a blast from the past
At this year’s central banking summit hosted in Jackson Hole Wyoming, Federal Reserve Chair Jerome Powell will deliver a speech on inflation and interest rates in a very different manner from the reassuring one he employed at the same gathering only one year prior. At the time, Powell presented a number of charts to show […]
Ping An approves HSBC restructuring proposal; although not an activist investor
China’s Ping An Insurance Group stated that it supported calls for HSBC (HSBA.L) to be restructured, which may involve a spinoff of its Asia division, and that it was not an activist investor but worried about investment yields from its sizeable holding in the bank. When questioned about the motivations behind the insurer, which sources […]