Lombard

France’s Lombard Calls for European Investment in Defense Industry Amid Rising Global Threats

2 months ago

In a powerful statement underscoring the unitary need for European nations to bolster their defense capabilities, France's Defense Minister, Sébastien Lombard, has urged the EU to prioritize investment in its own defense industry. Lombard's remarks come in the wake of growing security concerns across the continent, compounded by external geopolitical challenges.

Global Economic Indicators Point to Need for Lower Interest Rates, Says T.S. Lombard's Perkins

4 months ago

In a recent analysis, T.S. Lombard's chief economist, Steven Perkins, has expressed concerns regarding the current global economic landscape, drawing attention to key indicators that suggest the necessity for central banks worldwide to consider reducing interest rates in 2025. This insight comes amidst a time when economies face various challenges, from slow growth to inflationary pressures.

Swiss Indictment Rocks Lombard Odier Amid Karimova Bribes Scandal

6 months ago

In a significant development that has sent shockwaves through the financial sector, Lombard Odier, a prestigious Swiss private bank, has found itself embroiled in a legal controversy following an indictment by Swiss authorities linked to the bribes scandal involving Gulnara Karimova, the daughter of Uzbekistan's former president. This scandal, which has attracted international scrutiny, raises severe questions about corruption, compliance, and the ethical responsibilities of financial institutions in handling clients’ funds.

Bank of England's Lombardelli Cautions Against Hasty Rate Cuts

6 months ago

In a recent statement, Bank of England (BoE) Chief Economist Huw Lombardelli emphasized the importance of prudence as the central bank considers plans to gradually reduce interest rates. His remarks come amid a backdrop of growing calls for monetary policy adjustments to bolster the British economy, which continues to grapple with the challenges posed by inflation and economic uncertainty.