The dangers of investor groupthink
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 13 December 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
HSBC is reviewing its retail banking operations outside the UK and Hong Kong, and the European Central Bank cut interest rates by a quarter-point to 3 per cent. The FT’s markets columnist Katie Martin provides a few insights for investing in 2025. Plus, human referees are set to be increasingly phased out as machines become more efficient at making critical decisions in sport.
Mentioned in this podcast:
HSBC reviews retail banking outside UK and Hong Kong
Donald Trump election win sparks trading surge for banks and brokers
ECB lowers rates to 3% and paves way for more cuts
In sport, the race is on to let technology decide who wins
Send us your questions for Swamp Notes! Write to ethan.plotkin@ft.com.
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The latest episode of the Next Five podcast is out now and it's all about our energy future. |
| 0:05.4 | I speak with Torgram-Righton, CFO at Equino. |
| 0:08.4 | There's a lot to be done to successfully deliver on ambitions. |
| 0:11.4 | Rebecca Williams, Deputy CEO at Gweck, the Global Wind Energy Council. |
| 0:15.5 | We had the second best year ever when it came to offshore wind. |
| 0:18.3 | And Irina Kostova, research fellow at SEPs, the Centre for European Policy Studies. |
| 0:23.1 | The key pain point will be investment on certainty. |
| 0:26.6 | You can listen to the full episode of the next five, wherever you get your podcasts. |
| 0:30.2 | Before we start the show today, I wanted to let you know that we'll be doing a listener |
| 0:34.3 | Q&A on next Saturday's Swamp Notes episode. |
| 0:40.1 | So if you have any burning questions about the 2024 election or Donald Trump's second term, send them to our producer at |
| 0:46.1 | Ethan.plotkin at Ft.com. We'll also have his info in the show notes. |
| 0:55.8 | Good morning from the Financial Times. |
| 0:58.5 | Today is Friday, December 13th, and this is your FT News briefing. |
| 1:04.3 | HSBC wants to dial back some of its retail banking business. |
| 1:09.3 | And Groupthink is settling in for a lot of investors. |
| 1:13.1 | We look at why that might be a problem. |
| 1:15.8 | Plus, the robots are coming for sports. |
| 1:19.2 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:41.1 | Thank you. H.SBC is considering scaling back its operations in Mexico. |
| 1:47.5 | It's part of the bank's larger cost-cutting strategy, which is to reduce its consumer banking presence outside of its top markets in Hong Kong in the UK. The bank wants to focus on |
| 1:53.7 | wealthier clients in its secondary locations instead. HSBC's retail business in Mexico has struggled to compete with some of its larger rivals |
... |
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