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Bloomberg Surveillance

Bloomberg Surveillance: Powel Speaks and Ukraine Aid

Feb 5, 2024
Guests include Jennifer Lee from BMO Capital Markets, discussing markets; Mick Mulroy, former CIA paramilitary officer, on geopolitical tensions in the Middle East, Ukraine, and China; and Lori Calvasina from RBC Capital Markets, discussing market movements and investing opportunities. Topics covered include the Federal Reserve's stance on interest rates, market impact of Jay Powell's speech, risks in the Middle East, geopolitics and market performance, job cuts and expanding margins, and UK banks used by Iran to evade sanctions.
31:25

Podcast summary created with Snipd AI

Quick takeaways

  • Lloyd's and Santander UK violated US sanctions by providing accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company.
  • Conflicts arise among family members due to shared music accounts on platforms like Spotify, highlighting the limitations of simultaneous streaming on shared accounts.

Deep dives

Major UK banks implicated in evading Iranian sanctions

Documents reveal that Lloyd's and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company, violating US sanctions since 2018.

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