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Stock Market & Financial Investment News

News Breaks
May 23, 2014
06:35 EDTHSBCHSBC to face criticism over bonus payouts payments, The Independent reports
HSBC faces criticism for spending GBP 10B bonus on bonuses in a four-year period, reports The Independent. The Robin Hood Tax Campaign described the payment as "eye watering" ahead of the bank's annual meeting in London today. HSBC's five highest earners earned on average 219 times the average UK salary. Reference Link
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July 25, 2014
06:40 EDTHSBCLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. 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).Reference Link
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

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