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Stock Market & Financial Investment News

News Breaks
May 5, 2014
06:28 EDTHSBCHSBC rearranging structure at head of investment bank, WSJ reports
According to a memo seen by the Wall Street Journal, HSBC will rearrange the structure at the head of its investment bank to better cover the different regions in which it operates. The bank will name Jose-Luis Guerrero as head of global banking and markets for Europe, the Middle East and Africa. Thibaut de Roux, the current head of markets for Europe, the Middle East and Africa, will take Guerrero's old job as global head of markets. Reference Link
News For HSBC From The Last 14 Days
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December 16, 2014
06:35 EDTHSBCBank of England says seven of eight banks pass stress test
The Bank of England said that all but one of the eight banks passed its stress test. The one bank, Co-operative, needs to submit a revised plan to strengthen its balance sheet. Royal Bank of Scotland (RBS), Lloyds (LYG) and Co-operative were found to be the most susceptible to a housing crash and spike in unemployment. RBS and Lloyds passed the stress test, however. Both banks need improved capital positions, but have already put in place plans to do so, the central bank's Prudential Regulation Authority stated. Reference Link
December 11, 2014
13:40 EDTHSBCEuro zone banks accepted $160B in low interest loans, NY Times says
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December 10, 2014
06:21 EDTHSBCHSBC fires London-based head of currencies trading, WSJ reports
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December 8, 2014
10:00 EDTHSBCOn The Fly: Analyst Downgrade Summary
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06:01 EDTHSBCHSBC downgraded to Market Perform from Outperform at Keefe Bruyette
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