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HSBC names John Shipman interim CEO of Swiss private bank

Wealth Management

Wealth Management Correspondent

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HSBC has tapped John Shipman to take over as interim chief executive officer of its Swiss private banking business as the bank continues to reshuffle its wealth senior leaders.

Shipman has also been named country head of HSBC Switzerland. He will step into his new post on 1 January 2025.

Veteran assumes new role on 1 January as leadership shake-up continues

Kristen McGachey

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Sidley Austin hires eighth Latham & Watkins partner in London

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Sidley has taken at least 18 lawyers from its US law firm rival in London

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

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Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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