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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:08 EDTSANSantander to face fine after FSA discovers mistakes, The Independent says
The Financial Services Authority found that one in four bank financial advisers provided poor advice when approached by mystery shoppers, reports The Independent. As a result, Santander (SAN) could face a heavy fine or shut down its advice business after it was among the banks referred to by the FSA. Reference Link
News For SAN From The Last 14 Days
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May 14, 2015
06:57 EDTSANSources: HSBC could pick preferred bidder for Brazil unti by June, Reuters says
HSBC (HSBC) is set to receive binding offers for its Brazilian unit as early as June, at which time it may select a preferred bidder for the struggling unit, Reuters reports, citing three sources. Bids for the unit may not surpass book value, which is estimated at about $3.34B right now, the sources say, adding that Banco Bradesco (BBD), Banco Santander Brasil (SAN) and Grupo BTG Pactual had access to the unit's preliminary documents. Reference Link

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