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Stock Market & Financial Investment News

News Breaks
March 31, 2014
09:16 EDTHSBCHSBC announces agreement to sell bank in Uruguay ends
HSBC Latin America Holdings, a wholly-owned subsidiary of HSBC Holdings plc, announces that the agreement for the sale of HSBC's bank in Uruguay to Banco GNB Sudameris has ended. HSBC is exploring alternative options for the sale of its banking business in Uruguay, the company stated.
News For HSBC From The Last 14 Days
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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).

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