Bankers sound alarm on more inflation, new financial crisis at Hong Kong summit ...Middle East

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Bankers sound alarm on more inflation, new financial crisis at Hong Kong summit
As more than 300 banking and investment executives gathered in Hong Kong to discuss “living with complexity” in the financial world, they ended up trading trepidations about an uncertain future. “My biggest fear is there’s one more geopolitical escalation and there’s a market event,” Christian Sewing, chief executive officer of Deutsche Bank, said Tuesday at the Global Financial Leaders’ Investment Summit in Hong Kong. The event was one of the first gatherings of financial executives since the start of the Israel-Hamas war last month, and executives weren’t shy about sharing concerns of renewed inflation or another crisis. Markets are “under-discounting” how long high interest ra

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