Real-time, stream-of-consciousness insights on financial markets, economics, policy, housing, politics, and anything else that captures my interest. Tweet @cjoye
The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."
Tuesday, February 28, 2012
HSBC's RoE target is 12-15% pa
According to one credit analyst:
"HSBC reiterated its ROE target range of 12% to 15% by the end of 2013, which requires a pre tax return on risk weighted assets of 1.8% to 2.6%...the reiteration of its ROE targets is a sector rarity."
