HSBC Holdings – Letting A Good Crisis Go To Waste
*FT Suggests Sea Change In US Strategy: In a Financial Times article dated May 25th“HSBC board rethinks overhaul and seeks even sharper cuts”, it...
499 Views
UK: Scaling the Apr-20 Sales Hit to GDP
Retail sales collapsed by 18% m-o-m in Apr-20 (15% ex-fuel), taking the total decline to 22%. The overall hit appears to closely coincide with the...
308 Views
UK: Disinflation in Apr-20 Confirms Dovish Space
UK inflation data slowed sharply in April, but the 110bp fall in the RPI was only 2bp more than I expected, as the index rounded down to stay at...
182 Views
UK: Still Defying Dismally Dire Expectations
The unemployment rate dipped back to 3.9% in March contrary to widespread expectations for a rise. Low response rates seem to have biased this...
162 Views
HSBC Holdings – Likely Insolvent Under Revised US Stress Test
*More Stringent US Stress Test Coming: While the largest US banks have already agreed to suspend share buybacks, Democrat lawmakers and consumer...
270 Views