Clarida Says Fed Doesn’t Slavishly Follow Market Expectations

Bloomberg | Feb 21, 2020 at 6:30 PM

Federal Reserve Vice Chairman Richard Clarida disputed suggestions that the central bank suffers from a “hall of mirrors” problem under which it slavishly follows financial-market expectations for monetary policy.“In my experience this affliction is one the Federal Reserve guards against and does not suffer from,” he said in a speech to be delivered Friday to a monetary policy forum in New York.As the Fed reduced rates last year, some economists questioned whether such action was necessary given

HSBC’s CEO: leap of faith

Financial Times | Feb 21, 2020 at 6:03 PM

…Ex-paratrooper Jean Pierre Mustier may end up parachuting into HSBC as its new chief executive. It would cause consternation within the big Asia-focused bank . The job typically goes to insiders like…

Slovenian banks’ 2019 earnings at all-time high

STA | Feb 21, 2020 at 4:45 PM

Slovenian banks generated a combined pre-tax profit of EUR 597.4 million last year, which the central bank says is the highest pre-tax profit on record. The figure is up 12.5% from the year before.