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Stock Market & Financial Investment News

News Breaks
May 7, 2014
06:01 EDTHSBCHSBC reports Q1 profit before tax $6.8B vs. $8.5B last year
Reports Q1 revenue $15.71B vs. $17.14B last year. The CRD IV transitional basis CET1 capital ratio was 10.7%, down from 10.8% at December 31, 2013, and the end point CET1 capital ratio was 10.8%, down from 10.9%. HSBC said, "In the first quarter we maintained control of costs and further demonstrated our capital resilience. Whilst revenue was lower than the previous year's first quarter, which benefited from a number of specific items, we have seen progress in revenue over the trailing quarters. Loan impairment charges fell, reflecting the changes to the portfolio since 2011. Our return on equity was 11.7%."
News For HSBC From The Last 14 Days
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November 26, 2014
17:42 EDTHSBCBarclays upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Barclays (BCS) to Buy saying the bank is positioned to benefit from less stringent leverage requirements. Goldman coupled the upgrade with a downgrade of HSBC (HSBC) to Neutral.
17:38 EDTHSBCHSBC downgraded to Neutral from Buy at Goldman
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07:22 EDTHSBCHSBC to pay SEC $12.5M to resolve charges related to Swiss banking unit
The SEC charged HSBC’s Swiss-based private banking arm with violating federal securities laws by failing to register with the SEC before providing cross-border brokerage and investment advisory services to U.S. clients. HSBC Private Bank agreed to admit wrongdoing and pay $12.5M to settle the SEC’s charges. Reference Link
November 25, 2014
06:29 EDTHSBCU.S. prosecutors to interview traders from HSBC, others in London, Reuters says
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November 21, 2014
07:56 EDTHSBCHSBC's Swiss unit charged with money-laundering in Paris, AFP reports
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November 19, 2014
07:51 EDTHSBCClearing House Payments Company to hold a conference
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November 18, 2014
06:34 EDTHSBCDraghi sees positive signs in euro zone, NY Times reports
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November 17, 2014
11:33 EDTHSBCHSBC facing charges of money laundering, fraud in Belgium, FT reports
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