News Breaks |
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| February 4, 2013 |
| 11:41 EDT |  | BCS, HBC, RBS | U.K. paving way for new laws that may break up errant banks, says Reuters.
U.K finance minister George Osborne said that British banks that fail to reign in their risky investments could be broken up to have their core retail operations shielded from danger, says Reuters. Reference Link |
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News For BCS;RBS;HBC From The Last 14 Days Check below for free stories on BCS;RBS;HBC the last two weeks. |
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| May 22, 2013 |
| 08:12 EDT |  | HBC | HSBC shares likely to advance further, says Bernstein
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| 07:58 EDT | | RBS | RBS: No new shares needed to meet regulatory capital requirements, FT reports
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| May 20, 2013 |
| 10:10 EDT |  | RBS | Royal Bank of Scotland management to meet with JPMorgan
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| 08:12 EDT |  | HBC | UBS names Sylvia Coutinho as CEO of UBS Group Brazil
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| 07:50 EDT | | BCS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link |
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| 06:37 EDT | | RBS | Royal Bank of Scotland announces new chairman of Asia unit, NY Times says
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| May 17, 2013 |
| 10:07 EDT |  | HBC | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. |
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| 05:23 EDT | | HBC | HSBC downgraded to Neutral from Outperform at Exane BNP Paribas
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| May 16, 2013 |
| 12:32 EDT |  | BCS, RBS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
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| 07:53 EDT | | RBS | U.K. PM Cameron indicates he wants RBS in good shape for a sale, FT reports
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| 07:35 EDT | | RBS | Royal Bank of Scotland to cut 1,400 jobs in U.K., Reuters reports
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| May 15, 2013 |
| 12:03 EDT | | HBC | HSBC downgraded to Hold from Buy at Deutsche Bank
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| 06:15 EDT | | HBC | HSBC to cut 14,000 jobs, save $3B, Bloomberg reports
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| May 14, 2013 |
| 13:53 EDT | | HBC | HSBC subsidiary confirms review of Monaco operations
In a regulatory filing, HSBC Private Banking Holdings, a wholly owned subsidiary of HSBC Holdings, confirmed that it is conducting a review of its operations in Monaco, HSBC Private Bank Monaco, as part of the HSBC Group's continuing strategic five-filter review. Following recent unsolicited expressions of interest, this may lead to the possible disposal of the business. Further announcements will be made if or when necessary. |
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| 05:44 EDT | | BCS | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 18:06 EDT | | BCS | Barclays gets shareholder lawsuit over Libor thrown out, Reuters says
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| 14:47 EDT | | RBS | Royal Bank of Scotland management to meet with JPMorgan
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| 06:49 EDT | | RBS, BCS | ECB member says negative deposit rates would help economy, Reuters says
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| 06:05 EDT | | HBC | HSBC CEO Gulliver simplifies the bank, focused on growth, Reuters reports
HSBC's sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by CEO Stuart Gulliver, and analysts are expecting more, reports Reuters. This week, he's expected to say he can find at least $1B more in cost savings, cut more jobs and businesses and dangle the prospect of higher dividends for investors. Reference Link |
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| May 9, 2013 |
| 12:23 EDT | | RBS | RBS Citizens Financial CEO Alemany to retire in September
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