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2020 might not be a year to think about recession: JPMorgan

Bloomberg The Federal Reserve’s change in tone may mean investors should reconsider the timing of the investment cycle, according to JPMorgan Chase & Co. That means investors shouldn’t be driven by fears of recession for now, JP Morgan analysts said. The Fed signalled last week that it’s done raising rates for at least a little while, and that it’ll be ...

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Danske staff told not to fear bonus cuts amid Estonian scandal

Bloomberg Danske Bank A/S may be facing billions of dollars in fines for its Estonian laundering scandal, but its employees don’t need to worry about having their bonuses cut. Jesper Nielsen, who’s been running the bank on an interim basis since Thomas Borgen was relieved of his duties as chief executive in October, says there might be some bonus adjustments ...

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No rush to reverse last year’s rate hikes, says Philippine central banker

Bloomberg Philippine central bank Deputy Governor Diwa Guinigundo said a quick reversal of last year’s monetary tightening — either through a reduction in the amount of cash that banks must hold as reserves or a cut in key interest rates — would be “bad economic or monetary policy.” While inflation in the last two months of 2018 cooled from a ...

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