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Stock Market & Financial Investment News

News Breaks
April 22, 2014
08:00 EDTHSBC, BCS, RBS, LYGBoE 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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July 23, 2015
10:00 EDTBCSBarclays in talks to sell Portuguese banking unit, Bloomberg reports
Barclays is in advanced discussions with a Spanish bidder to sell its Portuguese banking unit, Bloomberg reports, citing people with knowledge of the plan. The sale would exclude Barclays' Portuguese credit-card business, the report says. Interested parties may include Bankinter, the report says. Reference Link
08:37 EDTBCSBarclays announces strategic partnership with Elkhorn Capital
Barclays announced a strategic partnership with Illinois-based investment firm Elkhorn Capital Group. The partnership is designed to extend Barclays’ product availability by bringing together its extensive experience in creating distinctive investment concepts with Elkhorn’s independent product expertise. The partnership will allow Barclays and Elkhorn to collaborate in offering clients access to additional products based on Barclays’ strategies.
July 22, 2015
19:14 EDTLYGJudge says Lloyds must release records in HBOS case, Reuters reports
London's High Court of Justice has ruled that Lloyds must disclose any legal advice it received prior to its acquisition of Halifax Bank of Scotland, as part of a GBP350M lawsuit brought by a group of Lloyds investors, Reuters reported earlier. The lawsuit alleges that Lloyds failed to disclose details of financial vulnerability at HBOS prior to seeking shareholder approval, said the report. Reference Link
18:18 EDTRBSRBS hires advisers to investigate treatment of small businesses, Reuters says
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06:15 EDTBCSBarclays close to SFO settlement over Qatar bribes, Daily Mail reports
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July 21, 2015
19:51 EDTHSBCJudge rejects HSBC attempt to dismiss credit union lawsuit, Reuters says
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06:08 EDTLYG, HSBC, RBS, BCSU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link
July 20, 2015
06:24 EDTBCSBarclays has no new target for layoffs, Reuters reports
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July 19, 2015
17:32 EDTBCSBarclays to cut 30,000 jobs in two years, The Times says
Barclays plan to cut 30,000 jobs within two years as it considers accelerating its cost-cutting program, reports The Times, citing senior sources. Reference Link
July 17, 2015
06:54 EDTHSBCSaudi regulator probing HSBC's Saudi unit for valuation inflation, WSJ says
HSBC's Saudi Arabia unit is being investigated by regulators in the kingdom for its role in a stock listing that left investors experiencing heavy losses, the Wall Street Journal reports, citing sources familiar with the matter. Saudi Arabia's Capital Markets Authority, or CMA, suspended the unit from conducting certain asset management activities and is probing whether the company inflated the valuation of a construction firm's listing in 2008, the report says. Reference Link
July 16, 2015
18:37 EDTBCSFINRA fines Barclays $800,000 over data reporting errors, Reuters says
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July 15, 2015
09:53 EDTHSBCHSBC UK says Apple Pay support coming within 2 weeks, Apple Insider says
HSBC UK (HSBC) said that Apple Pay (AAPL) support is in its final testing and availability will be coming within two weeks, reports Apple Insider. An HSBC spokesperson said, "We are excited to be one of a small number of Apple Pay launch partners. We have been working closely with Apple and are now properly reviewing and testing our systems before launching in two weeks." Reference Link
07:44 EDTBCSBarclays' Rake to step down from board to join WorldPay, Bloomberg reports
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July 14, 2015
06:30 EDTHSBCApple Pay launches in U.K., has technical problems, Reuters reports
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