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Stock Market & Financial Investment News

News Breaks
April 16, 2014
07:25 EDTHSBC, HTHIY, LYGHitachi gathers $4.5B to finance Scotland-London express trains, Bloomberg says
Hitachi (HTHIY) has gathered $4.5B from an array of international institutions to fund its contract to construct 65 high-speed express trains to use on Britainís East Coast rail line between Scotland and London, according to Bloomberg, citing a company spokeswoman. Some of the lenders include the Bank of Tokyo-Mitsubishi, Japan Bank for International Cooperation, HSBC (HSBC), Lloyds Banking (LYG) and the European Investment Bank. Reference Link
News For HTHIY;HSBC;LYG From The Last 14 Days
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April 1, 2015
10:01 EDTLYGOn The Fly: Analyst Upgrade Summary
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06:57 EDTHSBCJudge dismisses HSBC foreclosure paperwork lawsuit, Reuters says
A New York judge dismissed a 2013 lawsuit by NY Attorney General Eric Schneiderman alleging that HSBC failed to file certain mortgage foreclosure paperwork, reports Reuters, citing a copy of the court decision. The judge said HSBC's paperwork errors were procedural, not substantive, and not illegal. An attorney general spokesperson said the office is still deciding whether to appeal. Reference Link
05:41 EDTLYGLloyds Banking upgraded to Hold from Underperform at Jefferies
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March 31, 2015
08:18 EDTHSBCBank monitor critical of HSBC reform efforts, Bloomberg says
HSBC has not fully complied with U.S. demands to revamp operations following allegations of money laundering and links to terrorist regimes, Bloomberg reported yesterday, citing sources familiar with a report from the bank's court-appointed monitor Michael Cherkasky. The report, which will be made public this week, alleges that the bank resolved a client alert then created supporting documentation after the matter was resolved. The bank also has inadequate controls for high-risk countries such as Oman and the Philippines, the report alleges. Reference Link
March 30, 2015
15:11 EDTHSBCHSBC monitor reports bank falls short of compliance timeline, Bloomberg says
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10:12 EDTLYGHigh option volume stocks
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March 26, 2015
07:18 EDTLYGU.K. lowers stake in Lloyds Banking by 1%, WSJ reports
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March 24, 2015
07:26 EDTHSBCMaxim Integrated targeting major banks with patent lawsuits, Reuters reports
Maxim Integrated is (MXIM) targeting several major banks alleging their smartphone banking apps infringe the company's patents, reports Reuters. The complaints were filed against M&T Bank (MTB), and the US affiliates of HSBC (HSBC) and Banco Santander (SAN). The patents cover various technologies that secure data, including encryption for mobile financial transactions. Reference Link
06:08 EDTHSBCU.S. regulators say BNP, HSBC, RBS must rewrite living wills
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March 23, 2015
09:30 EDTHSBCHSBC raises exposure to Russia, Brazil, others, Reuters says
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March 20, 2015
06:21 EDTLYGLloyds Banking confirms sale of shares to Sabadel
Lloyds Banking notes the announcement by TSB Banking in relation to the agreed terms of the recommended cash offer for TSB Banking by Banco de Sabadell, pursuant to which Sabadell will acquire the entire issued and to be issued share capital of TSB. The Group has agreed to sell a 9.99% interest in TSB to Sabadell, and the Group has entered into an irrevocable undertaking to accept the Offer in respect of its entire remaining 40.01% shareholding in TSB. Under the terms of the Offer, TSB Banking Group plc shareholders will receive 340 pence per share in cash for each TSB share, which values the entire issued share capital of TSB at approximately GBP 1.7B. Reference Link
05:57 EDTLYGLloyds to sell 50% stake in TSB to Sabadell, Financial Times reports
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March 18, 2015
07:20 EDTHSBCU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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