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Stock Market & Financial Investment News

News Breaks
April 22, 2014
08:00 EDTRBS, HSBC, LYG, BCSBoE to simulate cyber attacks on banks, FT reports
The Bank of England is again overseeing a program of simulated attacks on banks' computer infrastructure as part of a broader assessment of the resilience of the systems of major banks and other financial players, reported Financial Times. Companies likely to participate include Royal Bank of Scotland (RBS), large insurers, and financial infrastructure providers like the London Stock Exchange. Other U.K. banks include Barclays (BCS), HSBC (HSBC), and Lloyds Banking (LYG). Reference Link
News For RBS;HSBC;LYG;BCS From The Last 14 Days
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October 24, 2014
08:44 EDTRBS, LYG, HSBC, BCSECB draft shows 25 EU banks set to fail stress test, Bloomberg says
Bloomberg cites a draft ECB document the news service has viewed. Publicly traded EU 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).
06:08 EDTHSBCTwo HSBC employees sue bank, alleging "retaliation," FT reports
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October 22, 2014
13:39 EDTLYGLloyds plans 9,000 job cuts over three years, Mark Kleiman says
Mark Kleiman of Sky News said in a tweet that Lloyds will cut 9,000 jobs over three years, or 10% of its workforce. An announcement is expected next week. Reference Link
October 21, 2014
08:28 EDTRBSEuropean Commission fines JMorgan EUR 61.68M over Libor influencing
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08:18 EDTLYG, BCS, RBS, HSBCBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU 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
08:12 EDTRBSJPMorgan, UBS, Credit Suisse to be fined by EU over Libor rigging, Reuters says
JPMorgan (JPM), UBS (UBS) and Credit Suisse (CS) will be fined $115M collectively for their roles in rigging Swiss franc Libor rates, with JPMorgan's fine of $89M making up the lion's share of the penalty, said Reuters, citing a person familiar, who added that Royal Bank of Scotland (RBS) would not be penalized for its own role since it alerted the European Commission to the issue. Reference Link
October 20, 2014
07:21 EDTBCSFederal Reserve Bank of New York and Boston to hold a workshop
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October 16, 2014
08:42 EDTRBS, BCS, HSBCUBS, DOJ in talks for forex rigging settlement, FT reports
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06:50 EDTRBS, LYG, HSBC, BCSEuropean regulator rejects bonus loophole, NY Times says
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October 15, 2014
07:27 EDTRBS, BCS, HSBCJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
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October 14, 2014
06:45 EDTLYG, RBS, HSBC, BCSData says UK banks paid less than 40% to cover mis-selling, Reuters says
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