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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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November 25, 2015
13:27 EDTHSBCSantander, CaixaBank among biggest Abengoa lenders, Bloomberg says
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November 24, 2015
10:58 EDTHSBCHSBC to eliminate 2,000 jobs in commercial banking division, Bloomberg says
HSBC plans to cut 2,000 jobs in its commercial bank as part of cost reduction efforts, Bloomberg reports, citing a person briefed on the matter. The cuts started a week ago and are expected to take two years, the report says. Reference Link
November 23, 2015
06:33 EDTHSBCHSBC close to relocating out of the U.K., Business Insider says
HSBC will "very likely" go ahead with its headquarters relocation after some of its major shareholders declared publicly that they would support a move, Business Insider reports. The investors said that banks are frustrated with regulators "changing the goal posts," the report says. Reference Link
November 13, 2015
06:07 EDTHSBCHSBC names AXA CEO, former Diageo CEO to board
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