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Stock Market & Financial Investment News

News Breaks
April 3, 2013
06:22 EDTHBC, AXAHYHSBC to sell group term life and group medical insurance units in Singapore
HSBC Insurance (Singapore) Pte. Limited, an indirect wholly-owned subsidiary of HSBC Holdings (HBC), has entered into an agreement to sell its group term life insurance and group medical insurance portfolios in Singapore to AXA Life Insurance Singapore Private Limited (AXAHY). The gross asset value of these portfolios was approximately S$23.5M at December 31, 2012. The transaction is subject to regulatory approval and is expected to complete within this year.
News For HBC;AXAHY From The Last 14 Days
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October 22, 2014
09:50 EDTHBCCredit Suisse to hold a field trip
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October 9, 2014
06:40 EDTHBCSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link

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