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Feb 21, 2024
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he's been speaking to bloomberg's francine lacqua.ry pleased with the fact we've been able to report 30 billion of pvt, which is obviously a record, and i am very pleased with the return on tangible equity. we did that last year. we had a return on tangible equity of 15.6%. i am also really pleased with the dividends we have announced, $.61 which is the highest dividend for the full-year since 2008 and we've completed $7 billion of buyback and announced up to 2 billion-dollar buyback this year so i am very pleased with strong capital generation. i believe with a cet-1 ratio, we have strong potential for future capital distribution as well. in the fourth quarter, we did have some noise in the numbers. we had three principal items that pulled down the profit. the first one was, we rebooked the loss on sale of our fresh operation now that we completed that transaction. it is neutral for the year because we took a credit on that in q1, we have taken a charge in q4, so that nets each other out at neutral. . there was an adjustment for hype
he's been speaking to bloomberg's francine lacqua.ry pleased with the fact we've been able to report 30 billion of pvt, which is obviously a record, and i am very pleased with the return on tangible equity. we did that last year. we had a return on tangible equity of 15.6%. i am also really pleased with the dividends we have announced, $.61 which is the highest dividend for the full-year since 2008 and we've completed $7 billion of buyback and announced up to 2 billion-dollar buyback this year...
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Feb 6, 2024
02/24
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francine lacqua is at 7:00 a.m. london time. stay tuned for that. let's see how the asian markets are shaping up with aperal hong -- with avril hong. >> good morning, that is the focus because chinese authorities seem very determined to stem the bleed before we enter the dragon, they are pulling out all the stops. and that's something are mliv strategist mark cranfield calls china's moment, whether is this sovereign fund pledging the buying of etf's or if they meet financial regulators would talk about the stock markets that is lighting a fire all -- under all the stock encz markets with small caps that was 8.1%, the highest climb on record. it has to be said given how frail the sentiment and how low positioning is, it's interesting how it is sending a stocks flying. let's take you to japan where the nikkei paired losses from earlier on in the day and this was in large part to what we got from the royals largest automaker. investors were cautious. stock was lower. its profit outlook, we saw a rev up and it helped the nikkei close not as low. let's t
francine lacqua is at 7:00 a.m. london time. stay tuned for that. let's see how the asian markets are shaping up with aperal hong -- with avril hong. >> good morning, that is the focus because chinese authorities seem very determined to stem the bleed before we enter the dragon, they are pulling out all the stops. and that's something are mliv strategist mark cranfield calls china's moment, whether is this sovereign fund pledging the buying of etf's or if they meet financial regulators...
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Feb 6, 2024
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katie: that was the ubs ceo and francine lacqua operated coming up -- francine lacqua.ing the former comptroller of the currency discussing changes to the banking system. this is bloomberg. ♪ katie: it is time for our daily wall street week segment. new bank regulations are set to be offering protections during downturns. joining us is the former comptroller of the currency and currently managing partner as well as wall street week host david westin. those proposed new requirements the subject of some heated debates. david: for the banking industry they are not too happy necessarily. first principles on these proposed capital requirements what is the problem that's being addressed or is it a matter of complying with commitments? >> thank you very much for allowing me to join you this morning. as katie said this is a very topical item today. both regulators and the banking industry and it's an attempt to bring deposit to the endgame is what you've heard the regulators .2 and in july they put out a rule that removes a lot of the balances to risk rated assets. and the impa
katie: that was the ubs ceo and francine lacqua operated coming up -- francine lacqua.ing the former comptroller of the currency discussing changes to the banking system. this is bloomberg. ♪ katie: it is time for our daily wall street week segment. new bank regulations are set to be offering protections during downturns. joining us is the former comptroller of the currency and currently managing partner as well as wall street week host david westin. those proposed new requirements the...
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Feb 13, 2024
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they spoke exclusively with francine lacqua here in london.germany has some structural deficits, and these deficits have been covered by low interest rates and demand from the global markets in the very cheap fossil energy, which we important from -- imported from russia. now the situation has changed in the german economy has had to find a new basis. i think there is potential for a fast turnaround to give them human capital of the intellectual property. but, since the circumstances have changed, we have to improve their framework conditions for our businesses, which means the labor market, which means less red tape, we need investment in public infrastructure and digitization of the public administration. of course, i think we need a reform of our corporate tax system. tom: that was the german finance ministers speaking exclusively to bloomberg's francine lacqua. plenty more coming up. we will do a deep dive on the cpi preview, and what is propelling arm to franchise. this is bloomberg. ♪ at ameriprise financial our advice is personalized ba
they spoke exclusively with francine lacqua here in london.germany has some structural deficits, and these deficits have been covered by low interest rates and demand from the global markets in the very cheap fossil energy, which we important from -- imported from russia. now the situation has changed in the german economy has had to find a new basis. i think there is potential for a fast turnaround to give them human capital of the intellectual property. but, since the circumstances have...
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Feb 17, 2024
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i'm francine lacqua. this forum brought together global leaders from the private and pub
i'm francine lacqua. this forum brought together global leaders from the private and pub
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Feb 25, 2024
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i'm francine lacqua.rum brought together global leaders from the private and public sectors to focus on what's been achieved in transition finance and to propel
i'm francine lacqua.rum brought together global leaders from the private and public sectors to focus on what's been achieved in transition finance and to propel
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Feb 8, 2024
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i'm francine lacqua.brought together global leaders from the private and public sectors to focus on what's been achieved in transition finance and to propel continuing action to support a global net zero transformation.
i'm francine lacqua.brought together global leaders from the private and public sectors to focus on what's been achieved in transition finance and to propel continuing action to support a global net zero transformation.
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Feb 17, 2024
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i'm francine lacqua.m brought together global leaders from the private and public sectors to focus on what's been achieved in
i'm francine lacqua.m brought together global leaders from the private and public sectors to focus on what's been achieved in
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Feb 1, 2024
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francine lacqua sat down with the boe governor earlier today. >> i think that we have changed the question from how restrictive do we need to be to how long do we need to be restrictive. that is important. also, technically technically u. at least that can have the right effects. i think that now the question is for us is how long do we need to maintain this dance going forwards? i have said a number of times that we are not making predictions at this point. we are setting up the framework. the things that we think are important to look at haven't changed. services, inflation, aspects of the labor market. global shocks, i think that we are seeing the disinflation side to the global shocks. >> is it wage growth? is it something specific rather than numbers that you look at that will give you the impetus to cut? >> a number of things. services inflation is still at 6.4%, well above anything that's consistent with meeting the target. i think with wage growth we have seen the official measure come down. it is below where we thought it would be. the open question is whether that was an adjustme
francine lacqua sat down with the boe governor earlier today. >> i think that we have changed the question from how restrictive do we need to be to how long do we need to be restrictive. that is important. also, technically technically u. at least that can have the right effects. i think that now the question is for us is how long do we need to maintain this dance going forwards? i have said a number of times that we are not making predictions at this point. we are setting up the...
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Feb 7, 2024
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haidi: ubs' ceo speaking to francine lacqua in zurich. this is the picture across european futures.uro stoxx 50 looking modestly higher. european stocks did gain in the previous session. this picking up the if the medics coming through from earnings winnings and losers. we saw in particular the lights of -- the likes of bp earnings. plenty more to come here on "daybreak asia." this is bloomberg. ♪ haidi: taking a look across asian markets as we get into half an hour of trading in some of these major markets including japan and tokyo. an hour and a half into the start of trading here in sydney. the nikkei down by about .5%. the fluctuating session. we are seeing that retreat from tech. some earnings support coming through. the nikkei seeing a bit of a decline. we are also seeing a bit of a rebound when it comes to the yen after it hit its weakest level in the week. tech is seeing the biggest sector seeing that drag. a bigger picture across korean stocks. the kospi how by more than 1% after we had a bit of a pullback. the best weekly gain since 2020. seeing a little bit up profit taki
haidi: ubs' ceo speaking to francine lacqua in zurich. this is the picture across european futures.uro stoxx 50 looking modestly higher. european stocks did gain in the previous session. this picking up the if the medics coming through from earnings winnings and losers. we saw in particular the lights of -- the likes of bp earnings. plenty more to come here on "daybreak asia." this is bloomberg. ♪ haidi: taking a look across asian markets as we get into half an hour of trading in...
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Feb 12, 2024
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haidi: the german finance minister speaking with francine lacqua. more ahead on daybreak australia.t it's so much more than that. with gusto, paychecks are deposited in just a few clicks. gusto calculates and files your payroll taxes automatically. gusto offers health insurance for nearly any budget. and gusto even connects you with certified hr experts. it's fast, easy, and affordable. gusto is payroll and benefits built for small businesses. get started for free at gusto.com that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. haidi: the aviation industry is working on developing engines that run on electricity or hydrogen. these may live short distances during the early days but they could cut emissions by 40% by 2050. our aviation analyst joins us now. this technology has been the missing puzzle piece when it comes to the energy transition for aviation. how important is it and what progress is being made? >> right now the
haidi: the german finance minister speaking with francine lacqua. more ahead on daybreak australia.t it's so much more than that. with gusto, paychecks are deposited in just a few clicks. gusto calculates and files your payroll taxes automatically. gusto offers health insurance for nearly any budget. and gusto even connects you with certified hr experts. it's fast, easy, and affordable. gusto is payroll and benefits built for small businesses. get started for free at gusto.com that first time...
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Feb 6, 2024
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haidi: ubs ceo sergio ermotti there speaking to bloomberg's francine lacqua. up next, we will be talking about bond investments, where we are in terms of expectations this year. alliance bursting is with us, brad gibson,, with us to talk about these opportunities as traders gear up for a record $42 billion deal of 10 year treasuries. this is bloomberg. ♪ >> the last six and have been surprisingly good news. i don't want to say necessarily it's a glide path all the way to 2% but it's positive. >> neel kashkari on how the fed is not reached its inflation goal. our next guest things 2024 would be more about how far and how fast it can ball. brad gibson joins us now. an interesting chart to the year if you've been watching global bonds. if you take a look at this chart, it surprised me to see that despite the moves we've seen in recent trading sessions, volatility is actually pretty close to multiyear low and the move is not too far off its multiyear either. how are you structuring the narrative for treasuries and bond markets going into this year? brad: what's in
haidi: ubs ceo sergio ermotti there speaking to bloomberg's francine lacqua. up next, we will be talking about bond investments, where we are in terms of expectations this year. alliance bursting is with us, brad gibson,, with us to talk about these opportunities as traders gear up for a record $42 billion deal of 10 year treasuries. this is bloomberg. ♪ >> the last six and have been surprisingly good news. i don't want to say necessarily it's a glide path all the way to 2% but it's...
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Feb 2, 2024
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annabelle: that was the boe governor andrew bailey speaking to francine lacqua.s take a look at what we are seeing in the commodities space, sensitive to rate expectations, what will moving a little higher. it was a choppy session on thursday, oil heading for its biggest weekly loss since november as we really track the latest geopolitical developments and in particular what is happening in the middle east. a hamas official says the group is considering a proposal to pause the war with israel and free civilian hostages. the plan for a 45 day truce was presented after talks in paris between officials from qatar, egypt, the u.s., and israel. sources say that the deal has a reasonable chance of success. eu leaders have clinched a deal on the $54 billion financially package for ukraine after hungarian prime minister viktor orban lifted his veto. ukraine is grappling with a shortage of weapons to fend off the russian military with $60 billion of u.s. aid stalled in congress. president zelenskyy has denied reports that he fired his top general who then refused to step
annabelle: that was the boe governor andrew bailey speaking to francine lacqua.s take a look at what we are seeing in the commodities space, sensitive to rate expectations, what will moving a little higher. it was a choppy session on thursday, oil heading for its biggest weekly loss since november as we really track the latest geopolitical developments and in particular what is happening in the middle east. a hamas official says the group is considering a proposal to pause the war with israel...
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Feb 1, 2024
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francine lacqua sat down with the boe governor earlier today. >>
francine lacqua sat down with the boe governor earlier today. >>
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Feb 10, 2024
02/24
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francine: in this episode of "leaders with lacqua," i traveled to venice, where nancy pelosi was a special guest at the dvf awards, a charity event recognizing women leaders. i asked her about the divisions in america, the democrats' chances at next year's presidential election, the biggest geopolitical threats, and what she's learned for more than 35 years in public office. speaker pelosi, thank you so much for speaking to bloomberg. you're one of the most recognizable and also one of the most admired politicians out there. what did you learn in the last 40 years about leadership in politics? mrs. pelosi: well, i've learned a lot about leadership for a very long time, observing it in others, recognizing what is needed to get the job done. and i always define it in this way, know your "why." you have to know why you're doing this because you will be under attack, that's for sure. know, your "why," know what you're talking about. know how to get it done. think in a strategic way, and then that's all up here, and then also connect directly with people. if you can show them how important what
francine: in this episode of "leaders with lacqua," i traveled to venice, where nancy pelosi was a special guest at the dvf awards, a charity event recognizing women leaders. i asked her about the divisions in america, the democrats' chances at next year's presidential election, the biggest geopolitical threats, and what she's learned for more than 35 years in public office. speaker pelosi, thank you so much for speaking to bloomberg. you're one of the most recognizable and also one...
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Feb 4, 2024
02/24
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francine: in this episode of "leaders with lacqua," i speak to robyn grew about diversity, purpose, and what the future holds in an ever-changing world. robyn grew, thank you so much for joining us on leaders. the world is a bit strange. there are so many poly-crises, or whatever you want to call it. it is just difficult to get a handle of what comes next. robyn: yes, that would be the shortest answer i could give, yes. it is difficult. if this year has taught us anything, it is that prediction is not our strongest suit, perhaps, and that is perhaps not just in relation to markets, but in relation to these big geopolitical events that we are still living with. francine: but it is quite incredible to think we are in a better place. i feel like every six months there is the doom and gloom crew saying, we have to evaluate what happens next, and yet the economy holds. robyn: i think that's right. i think when we talk about it and have this conversation about higher for longer, which i still say out loud and cross my fingers in some way that may be i'm going to be entirely wrong, but higher
francine: in this episode of "leaders with lacqua," i speak to robyn grew about diversity, purpose, and what the future holds in an ever-changing world. robyn grew, thank you so much for joining us on leaders. the world is a bit strange. there are so many poly-crises, or whatever you want to call it. it is just difficult to get a handle of what comes next. robyn: yes, that would be the shortest answer i could give, yes. it is difficult. if this year has taught us anything, it is that...
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Feb 25, 2024
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francine: in this episode of "leaders with lacqua," i speak to patrice louvet, about the company's founder ralph lauren and his plans to take the company back to its roots. patrice louvet, thank you so much for joining us on bloomberg. patrice: very happy to be here, francine. francine: do you have the best job in the world? patrice: pretty close. francine: because it is fun? what was the most surprising thing about your job since you first started? patrice: there are so many things. probably the thing that actually attracted me to this opportunity is the opportunity to work with ralph. right? this man is a visionary, incredible entrepreneur, has had amazing success around the world, and the opportunity to work with him and partner with him is really special, and i cherish it every day. francine: you have to get along because he is still such a figure. he has his name on the door. patrice: he does have his name on the door. francine: so how much of it is his vision? patrice: it all starts with his vision. what is exciting is when you see where this company started, a tie. see what it has b
francine: in this episode of "leaders with lacqua," i speak to patrice louvet, about the company's founder ralph lauren and his plans to take the company back to its roots. patrice louvet, thank you so much for joining us on bloomberg. patrice: very happy to be here, francine. francine: do you have the best job in the world? patrice: pretty close. francine: because it is fun? what was the most surprising thing about your job since you first started? patrice: there are so many things....
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Feb 29, 2024
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francine: in this episode of "leaders with lacqua" i speak with emma grede about her rise to the top, and why diversity remains elusive in the world of fashion. emma grede, thank you so much for joining us on bloomberg. this is so exciting. you represent so much for so many people. all the businesses you touch turn into gold. did you ever think that you would be such a success? emma: no. that is mostly because most of the businesses that i touched earlier in the days did not turn into gold. [laughter] i love this idea of overnight success and i feel i would love to continue to perpetuate that, but i have just done a lot and there has been a lot of trial and error along the way. i feel i have probably done every job imaginable, from having a paper route when i was 12 to working in a deli to selling things that were less successful, i feel like it has been a long journey and i am thankful that now i am 41 years old and starting to see this type of success. francine: you always wanted to succeed. is that what makes your success? emma: i think so. i also think there is an element of luck
francine: in this episode of "leaders with lacqua" i speak with emma grede about her rise to the top, and why diversity remains elusive in the world of fashion. emma grede, thank you so much for joining us on bloomberg. this is so exciting. you represent so much for so many people. all the businesses you touch turn into gold. did you ever think that you would be such a success? emma: no. that is mostly because most of the businesses that i touched earlier in the days did not turn into...
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Feb 3, 2024
02/24
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francine: my conversation with kyriakos mitsotakis, next on "leaders with lacqua." prime minister, you have a second mandate from the greek people. what is your intention on how that will unfold in the coming years? pm mitsotakis: first of all, i am very happy, very honored and very proud to be able to secure a second mandate. we actually got a higher share of the vote than we did in 2019, something that is unusual for incumbent governments in these difficult times. and i want to make sure that i use this strong mandate to drive forward an aggressive reform agenda and to make sure that greece makes up for the lost ground of the crisis and actually converges with europe at a very fast pace. so, a high growth rate is, for me, my number one priority. this will give us also the fiscal space to drive through important changes in health, in education, and other policies and areas i deeply care about. francine: you are very confident that you will get investment-grade. when you get investment-grade, what does that mean? what does that change in terms of possible extra inve
francine: my conversation with kyriakos mitsotakis, next on "leaders with lacqua." prime minister, you have a second mandate from the greek people. what is your intention on how that will unfold in the coming years? pm mitsotakis: first of all, i am very happy, very honored and very proud to be able to secure a second mandate. we actually got a higher share of the vote than we did in 2019, something that is unusual for incumbent governments in these difficult times. and i want to make...