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Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:42 EDTHSBCHSBC reaches $10M settlement agreement over foreclosure charges, Reuters says
HSBC has reached a $10M settlement agreement over allegations that it failed to oversee the reasonableness of charges it submitted in connection with foreclosures, reports Reuters. According to the office of U.S. Attorney Preet Bharara, the settlement agreement resolves the claims under the federal False Claims Act. Reference Link
News For HSBC From The Last 14 Days
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August 11, 2014
07:22 EDTHSBCHSBC will not follow Barclays in rolling private bank into retail biz, FT says
HSBC (HSBC) CEO Stuart Gulliver has pledged to retain his group’s private bank as a standalone division and will not go the way of rival Barclays’ (BCS), which combined its private banking operation into its retail division in May, said Financial Times. Reference Link

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