December 24, 2019 Weekly Report

  1. Home
  2. Market Updates
  3. December 24, 2019 Weekly Report
Abelian2

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

Previous Post
December 17, 2019 Weekly Report
Next Post
December 31, 2019

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu