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Stock Market & Financial Investment News

News Breaks
February 26, 2014
06:26 EDTHSBCHSBC agrees to sell Kazakhstan bank for $176M
HSBC said earlier today that it had agreed to sell its bank in Kazakhstan, SB JSC HSBC Bank Kazakhstan, to JSC Halyk Bank for $176M in cash. The transaction, which is subject to regulatory approvals and other conditions including customary adjustments relating to net asset value at completion, is expected to complete during the fourth quarter of 2014, HSBC added.
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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
July 10, 2014
07:08 EDTHSBCECB keeps tight grip on banks with health check results, Reuters says
The European Central Bank is targeting to keep a tight grip banks in the final phase of a balance sheet health check in October, giving them only 48 hours to review the test results before publishing them, according to Reuters, citing two people familiar with the matter. The assessment will look into banks’ balance sheets and measure their ability to handle shock and stress. 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).
July 8, 2014
07:49 EDTHSBCEU banks on pace to shed record EUR100B on unwanted loans, FT says
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