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Stock Market & Financial Investment News

News Breaks
April 22, 2014
08:00 EDTLYG, HSBC, BCS, RBSBoE 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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February 8, 2016
09:17 EDTHSBCOn The Fly: Pre-market Movers
HIGHER: Apollo Education (APOL), up 26.6% after announcing that it will be acquired for $9.50 per share... Sprouts Farmers Market (SFM), up 5% after being added to S&P 400... GoPro (GPRO), up 3.4% after signing a licensing agreement with Microsoft (MSFT). LOWER: BioCryst Pharmaceuticals (BCRX), down 60.9% after reporting OpuS-2 clinical trial results... CTI BioPharma (CTIC), down 55.4% after the FDA placed a partial clinical hold on pacritinib studies... Tableau (DATA), down 5.5% after being downgraded to Equal Weight at Morgan Stanley... HSBC (HSBC), down 3.6% after being downgraded to Underweight from Equal Weight at Morgan Stanley... Chesapeake Energy (CHK), down 21% after Hedgeye analyst Kevin Kaiser said in an interview with Barron's that Chesapeake could go to zero... Twitter (TWTR), down 2.9% after backlash over its new algorithmic timeline.
08:39 EDTHSBCHSBC downgraded to Underweight from Equal Weight at Morgan Stanley
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06:37 EDTBCSAnalysts say Barclays should sell U.S. investment bank, Telegraph reports
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February 5, 2016
12:15 EDTHSBCHSBC to pay $470M to resolve mortgage serving investigation by US goverment
New York Attorney General Eric Schneiderman announced a $470M joint state-federal settlement with mortgage lender and servicer HSBC to address mortgage origination, servicing, and foreclosure abuses. The settlement provides direct payments to New York borrowers for past foreclosure abuses, loan modifications, and other relief for borrowers in need of assistance, rigorous mortgage servicing standards, and grants oversight authority to an independent monitor. It is estimated that New York State has nearly 136,000 HSBC loans, nearly 31% of HSBC's total portfolio. The settlement includes New York,48 other states, the District of Columbia, the U.S. Department of Justice, the U.S. Department of Housing and Urban Development (HUD), and the Consumer Financial Protection Bureau. Reference Link
10:10 EDTBCS, LYGU.K. appoints Barclays to run sale of remaining Lloyds stake, Bloomberg says
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February 4, 2016
06:33 EDTRBSRBS calls off sale of India banking unit, will review options, Reuters says
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February 2, 2016
05:40 EDTBCSOaktree-backed AdvancePierre picks Barclays for IPO, Bloomberg reports
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February 1, 2016
12:26 EDTBCSNY AG, SEC to take further actions in dark pool investigations, Bloomberg says
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10:09 EDTBCSBarclays, Credit Suisse to pay over $150M to settle dark pool claims
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09:15 EDTHSBCHSBC sale of Brazil unit to get closer antitrust examination, Bloomberg reports
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08:40 EDTHSBCHSBC imposing global hiring, pay freeze, Reuters reports
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07:31 EDTBCSBarclays among potential buyers of TD Direct, Sky reports
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January 31, 2016
15:43 EDTHSBCHSBC to impose hiring, salary freeze in 2016, Bloomberg says
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15:40 EDTBCSBarclays to exit precious metals sector, Platts says
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15:37 EDTBCSBarclays, Credit Suisse to pay $154M to settle dark pool claims, Bloomberg says
Barclays (BCS) and Credit Suisse (CS) are expected to reach a $154.3M settlement Monday with New York and the SEC over allegations that they didn't give clients accurate information regarding their dark pool trading, reports Bloomberg, citing a source. Barclays will pay $70M while Credit Suisse will pay $84.3M, noted Bloomberg. Reference Link
January 29, 2016
13:02 EDTBCSBarclays names Venkatakrishnan chief risk officer
Barclays (BCS) has named C.S. Venkatakrishnan as Chief Risk Officer. Venkatakrishnan joins Barclays from JP Morgan Chase (JPM) where he has been the Head of Model Risk and Development since 2012 and Head of Operational Risk since September 2013. He will join the Executive Committee of Barclays and report directly to the group CEO Jes Staley. Once Mr Venkatakrishnan assumes his new role, current Chief Risk Officer Robert Le Blanc will become Vice Chair of Risk and Strategy, reporting to Staley. Reference Link
07:54 EDTHSBCCyber attack temporarily shuts down HSBC Internet banking, Bloomberg reports
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January 28, 2016
08:25 EDTLYGOsborne says Lloyds Banking stake to be sold when markets have 'calmed'
On his official Twitter account, Chancellor of the Exchequer George Osborne stated: "We'll build a share owning democracy. So British people can buy Lloyds shares but we'll only sell when turbulent markets have calmed down" Reference Link
January 27, 2016
05:54 EDTRBSRBS expects combined GBP 3.6B hit from pension costs and new charges
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January 26, 2016
17:29 EDTHSBCHSBC board meeting Wednesday to consider move to Hong Kong, Reuters says
HSBC's board of directors will meet Wednesday to consider potentially moving company headquarters to Hong Kong, reports Reuters, citing a source, who noted that China's "increasing influence" over the territory could factor into the decision. Reference Link
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