Societe General – Business Is Back?!
It should be clear by now that even the Fed is surprised at the pace of recovery, noting specifically the job gains during May. This does not mean...
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HSBC & JPM – Steepening Yield Curve Differences
The steepening yield curve in the US is a positive for banks. This is because they can rebuild their net interest margins, their core interest...
343 Views
United Overseas Bank: Go Underweight AT1
Underweight United Overseas Bank (UOBSP) Additional Tier 1 (AT1) bonds. From a relative value perspective, we believe these bonds are likely to...
321 Views
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...
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Providing Crack To An Addict Is Not A Sustainable Global Strategy
*Staring Into The Abyss: Although the market has rebounded since March, we were very close to looking into the abyss with the S&P 500 closing...
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