December 24, 2019 Weekly Report

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Highlight of the Week

Andrew Bailey selected as governor of the Bank of England

  • Bailey is the chief executive of the Financial Conduct Authority (FCA) and is set to become the 121st governor of the Bank
  • He will replace Mark Carney at the start of February

Rate Curves

Curves For Post

Rapid Report:

Abelian Brand Mark

Credit Suisse caught amidst another spying scandal

  • Switzerland’s second-largest bank blames former chief operating officer for hiring detectives in February to track a former HR executive
  • The rogue operation deepened a spying scandal at the Swiss group, which is already under investigation for putting its ex-wealth management chief under surveillance

Donald Trump impeachment

  • On December 18, the House voted along party lines to impeach Trump after a whistleblower alleged Trump may have abused the power of the presidency by withholding military aid as a means of pressuring newly elected president of Ukraine
  • Stalemate between party leaders Pelosi and McConnell will persist over trial witnesses and a Senate vote will require two-thirds supermajority vote to pass

Santa Claus rally

Historical stock effect poised to boost stocks in the last 5 days of the calendar year

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December 17, 2019 Weekly Report
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December 31, 2019

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