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Stock Market & Financial Investment News

News Breaks
January 21, 2014
08:15 EDTHSBCRegulators still finding problems with HSBC over money laundering, Reuters says
The U.S. Office of the Comptroller of the Currency is still finding weaknesses in the way HSBC Holdings tries to prevent money laundering, sources say, even though the bank paid about $2B in penalties and invested millions more to increase its compliance, reports Reuters. Reference Link
News For HSBC From The Last 14 Days
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July 29, 2014
06:47 EDTHSBCCiti looks to hire 100 Asia unit bankers to rival HSBC, Reuters says
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July 25, 2014
17:05 EDTHSBCHSBC, Deutsche Bank sued over manipulation of silver prices, Reuters reports
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06:40 EDTHSBCLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).Reference Link
July 18, 2014
11:21 EDTHSBCBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link

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