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Lunch Wrap

On FT Alphaville this morning,

- AIG: Not an insurance company.

- A surprise Spanish call.

- Bloomberg goes to Washington.

- HSBC shows its strength, but also its scars.

- The US trend is not HSBC’s friend.

- Frivolous recessionary indicator of the day.

- Hedge funds: “Yes, we really can!”

- The slow news from China.

- Father figure of mortgage securitisation dies. No flowers.

- Bittersweet Nationwide.

- Sykes: How to set up a hedge fund.

- The great pensions disaster.

- The merits of a super bank in Markets Live.

On FT.com,

- HSBC ahead despite further $700m US hit.

- UK producer price rises slow sharply.

- Emerging markets downgraded by Fitch.

- Commodities rally on Chinese growth hopes.

- AIG chief tries to soothe US taxpayers.

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