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Stock Market & Financial Investment News

News Breaks
January 22, 2014
07:41 EDTHSBCHSBC conducted probe after OCC letter last year, WSJ reports
The U.S. Office of the Comptroller of the Currency last fall raised questions about HSBC Holdings anti-money-laundering controls for its business with correspondent banks, sources say, reports the Wall Street Journal. Potential problem areas the OCC raised in a letter were later investigated internally by the bank and no serious issues were found, sources added. Reference Link
News For HSBC From The Last 14 Days
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August 28, 2014
12:00 EDTHSBCHSBC upgraded to Buy from Neutral at UBS
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06:35 EDTHSBCEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone 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
August 26, 2014
06:54 EDTHSBCCitigroup, HSBC, others chosen to lead $3B ONGC stake sale, Reuters says
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August 24, 2014
15:56 EDTHSBCHSBC sued by liquidator of SLS Capital over 'death bonds,' Reuters says
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