Discussion on Viking's IPO Success and HSBC's Chinese Market Challenges

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This chapter covers Viking's impressive IPO success, highlighting it as the second-largest in the US this year. It also delves into the concerns of private equity groups regarding the sluggish IPO market and shifts to discussing HSBC's quest for a new chief executive, emphasizing the challenges tied to the Chinese market and the bank's historical involvement.

The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy.

Mentioned in this podcast:

Federal Reserve signals that interest rates will remain higher for longer

Cruise line Viking rises after launching year’s second-largest US IPO

What triggered Noel Quinn’s shock exit from HSBC

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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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