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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 16, 2014
14:44 EDTHSBCVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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September 15, 2014
07:49 EDTHSBCDOJ, FBI 'flip' bank informants as part of forex probe, WSJ says
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September 12, 2014
16:22 EDTHSBCHSBC confirms settlement agreement with FHFA
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13:27 EDTHSBCHSBC pays $600M to resolve FHFA mortgage bond allegations, WSJ says
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06:48 EDTHSBCU.K. bankers worry that Britain could leave EU, NY Times says
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September 5, 2014
07:18 EDTHSBCRegulators drafting flexible 'bail in' bond deal for large banks, Reuters says
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