Ukraine-Russia War: No Deal After Witkoff-Putin Meet; New HSBC Chair | The Pulse 12/3

From Bloomberg Markets and Finance.

The Kremlin said Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine. The negotiations lasting almost five hours were “constructive and very informative,” though “a compromise hasn’t been reached yet” on the critical issue of territorial control, Kremlin foreign policy aide Yuri Ushakov told reporters in Moscow.

HSBC has unexpectedly appointed interim group chair Brendan Nelson to the role permanently. It follows a months-long search that failed to find a suitable external candidate. Shortlisted names had included former politician George Osborne and financiers such as Goldman Sachs Group Inc.’s Kevin Sneader and Richard Gnodde. Nelson succeeds Mark Tucker who has led Europe’s largest lender for much of the last decade.

Today’s guests: Henrietta Pacquement, Allspring Global Investments; Tim Adams, Institute of International Finance CEO; Yianos Kontopoulos, Athens Stock Exchange CEO

"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:20 – Kremlin calls Russia-US talks constructive, but no deal
00:04:57 – Henrietta Pacquement, Allspring Global Investments
00:05:02 – Trader bets swell on Trump-backed Fed data stoking US rate cuts
00:12:00 – HSBC names Brendan Nelson as chair
00:14:12 – Tim Adams, Institute of International Finance CEO
00:14:18 – BOE lowers bank capital requirements
00:21:11 – Merz’s German pension reform in doubt after test vote
00:24:32 – Yianos Kontopoulos, Athens Stock Exchange CEO
00:24:40 – Euronext acquires Athens Stock Exchange
00:28:30 – Calls for EU capital markets union
00:31:52 – Airbus cuts delivery target after A320 troubles
00:33:58 – Zara owner Inditex’s sales rise
00:36:36 – Amazon rushes out latest AI chip to take on rivals
00:39:38 – EU is wrong power player for Ukraine | Marc Champion
00:44:23 – Macron on three-day state visit to China
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