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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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May 22, 2015
06:48 EDTHSBCHSBC wins new trial in securities fraud suit, Bloomberg reports
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06:29 EDTHSBCHSBC confirms exploring various strategic options for Brazil operations
HSBC confirms that it is exploring various strategic options for its operations in Brazil, including the potential sale thereof. At present no decision has been made to proceed with any transaction and HSBC will make a further statement if or when appropriate.
May 20, 2015
06:31 EDTHSBCSantander Brasil considering buying HSBC's Brazil assets, Reuters reports
Banco Santander Brasil (BSBR) is weighing a purchase of HSBC's (HSBC) Brazil assets, Reuters reports, citing comments made by Santander Brasil CEO Jesus Zabalza at a press event in Sao Paulo. The bank said it will wait until the opening of the "data room" before deciding whether to bid. Three sources said last week that HSBC could pick a preferred bidder for the unit as early as next month. Reference Link
May 19, 2015
09:58 EDTHSBCOn The Fly: Analyst Downgrade Summary
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09:02 EDTHSBCHSBC first U.K. bank to publicly warn on charging for deposits, FT says
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07:01 EDTHSBCHSBC downgraded to Market Perform from Outperform at Bernstein
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May 14, 2015
06:57 EDTHSBCSources: HSBC could pick preferred bidder for Brazil unti by June, Reuters says
HSBC (HSBC) is set to receive binding offers for its Brazilian unit as early as June, at which time it may select a preferred bidder for the struggling unit, Reuters reports, citing three sources. Bids for the unit may not surpass book value, which is estimated at about $3.34B right now, the sources say, adding that Banco Bradesco (BBD), Banco Santander Brasil (SAN) and Grupo BTG Pactual had access to the unit's preliminary documents. Reference Link
May 13, 2015
19:52 EDTHSBCHSBC, BNP bid for right to advise Abu Dhabi National Chemicals, Bloomberg says
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May 11, 2015
13:22 EDTHSBCHSBC downgraded to Underperform from Outperform at Macquarie
Pre-open, Macquarie downgraded HSBC two notches to Underperform from Outperform. The firm said HSBC's business model is structurally challenged with poor profitability and litigation costs.
09:58 EDTHSBCBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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05:55 EDTHSBCHSBC to step up lending to smaller UK businesses, Financial Times reports
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