Inflation is stubbornly high. Here's what this bank exec suggests you do
CNN
People around the world are looking for ways to hedge against inflation right now, and the rich are no exception. "We see customers sitting a little bit in the sidelines," says Nuno Matos, HSBC CEO of wealth management and personal banking.
Nuno Matos, HSBC's CEO of wealth and personal banking, told CNN Business that global investors were "not being as active as they used to be," with many looking to sell off what they see as riskier bets and "buying more protection for their portfolios."
"We see customers sitting a little bit in the sidelines," Matos said in an interview on Monday, adding that many had turned to bonds as they search for some "stability."
A federal judge has blocked the Trump administration’s attempt to reallocate federal Homeland Security funding away from states that refuse to cooperate with certain federal immigration enforcement.
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Botched Epstein redactions trace back to Virgin Islands’ 2020 civil racketeering case against estate
A botched redaction in the Epstein files revealed that government attorneys once accused his lawyers of paying over $400,000 to “young female models and actresses” to cover up his criminal activities
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Some staff at the Department of Veterans Affairs are finding little to be merry about after the agency said it would eliminate tens of thousands of open, unfilled positions across the country as it looks to streamline its staffing.