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Stock Market & Financial Investment News

News Breaks
August 24, 2014
15:56 EDTHSBCHSBC sued by liquidator of SLS Capital over 'death bonds,' Reuters says
HSBC has been sued for $250M by the liquidator of Luxembourg-based SLS Capital because the bank, according to the complaint filed, had been a custodian of life insurance policies used as collateral for bonds that SLS sold to investors, and which were falsely marketed as safe, says Reuters. Reference Link
News For HSBC From The Last 14 Days
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November 25, 2015
13:27 EDTHSBCSantander, CaixaBank among biggest Abengoa lenders, Bloomberg says
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November 24, 2015
10:58 EDTHSBCHSBC to eliminate 2,000 jobs in commercial banking division, Bloomberg says
HSBC plans to cut 2,000 jobs in its commercial bank as part of cost reduction efforts, Bloomberg reports, citing a person briefed on the matter. The cuts started a week ago and are expected to take two years, the report says. Reference Link
November 23, 2015
06:33 EDTHSBCHSBC close to relocating out of the U.K., Business Insider says
HSBC will "very likely" go ahead with its headquarters relocation after some of its major shareholders declared publicly that they would support a move, Business Insider reports. The investors said that banks are frustrated with regulators "changing the goal posts," the report says. Reference Link

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