HSBC has hired Rick Watson from Bear Stearns to run its European asset-backed securities (ABS) platform.

Watson, who will be based in London, will also run the collateralised debt obligations (CDO) business.

Piers Townsend

HSBC

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Several big law firms are discussing $500 million in pro bono legal services with the White House to avert restrictions on their business, people familiar with the matter said.

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

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The BOE said that further sharp falls in asset prices are likely.

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