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Stock Market & Financial Investment News

News Breaks
February 24, 2014
06:10 EDTHSBCHSBC reports 2013 profit before tax $22.6B vs. $20.6B a year ago
Reports Common equity tier 1 ratio 10.9% vs. 9.5% last year. The bank said, "Although much progress has been made since 2011, we did not meet all of our targets by the end of 2013. Our reported cost efficiency ratio of 59.6% and return on equity of 9.2% in 2013 were both outside our target ranges, in part affected by continuing UK customer redress. In addition, there is further work required to grow our incremental wealth revenues to achieve our target of US$3bn in the medium term."
News For HSBC From The Last 14 Days
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September 29, 2014
06:23 EDTHSBCCitigroup, JPMorgan meet with FCA to settle forex rigging probe, WSJ reports
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September 24, 2014
15:04 EDTHSBCGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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September 18, 2014
07:52 EDTHSBCUBS Chair says litigation bigger worry than stress test, Bloomberg reports
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06:39 EDTHSBCEuropean banks take out EUR83B of loans from central bank, NY Times says
European banks agreed to take out EUR83B in low interest loans from the European Central Bank, as part of a program in which all of the funds must be loaned to businesses or individuals, or repaid to the central bank within two years, according to The New York Times. Several analysts had said that they would be disappointed if banks took out less than EUR100B in loans, but a number of analysts said that a second round of the program, due to occur in December after stress tests have been completed, may be more popular, 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
September 17, 2014
06:54 EDTHSBCNY Attorney General announces NYC bank identity-theft ring takedown
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September 16, 2014
14:44 EDTHSBCVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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