Treasury market under selling pressure as traders mull need for 75 bp Fed rate hike
13th Jun 2022 14:02
(Sharecast News) - A wave of selling swept across government debt markets as economists and traders began to openly ponder the very real possibility that the US central bank's next move on interest rates, next 15 June, should be a 75 basis point hike and not 50bp.
Read moreBoE says UK banks no longer too big to fail
10th Jun 2022 07:46
(Sharecast News) - Britain's major banks are no longer too big to fail and could still provide vital services in a crisis without a taxpayer bailout, the Bank of England said, although it said three lenders had fallen short of meeting requirements.
Read moreHSBC plots IPO of Indonesian business
26th May 2022 09:16
(Sharecast News) - Lender HSBC was said to have been working towards an initial public offering of its Indonesian business as part of an effort to take advantage of investor demand in the heavily-populated nation.
Read moreChinese economy slows sharply in April as Covid-19 restrictions bite
16th May 2022 13:24
(Sharecast News) - China's economy slowed much more sharply than anticipated last month as Covid-19 mobility restrictions hampered growth, piling the pressure on policymakers in Beijing - right up to the top according to some accounts.
Read moreFed tightens a bit more than expected but balks at faster rate hikes
4th May 2022 17:59
(Sharecast News) - The Federal Reserve followed through on its recently accelerated timeline for tightening policy but indicated that even faster rate hikes were unlikely.
Read moreHSBC, Ping An executives set to meet to discuss breakup plans - report
4th May 2022 11:53
(Sharecast News) - HSBC and Ping An executives are reportedly planning to meet in mid-May to discuss the Chinese insurer's proposal that the bank should explore strategic options such as a spinoff of its Asian business.
Read moreHSBC launches $1bn share buyback
4th May 2022 08:20
(Sharecast News) - HSBC said on Wednesday that it has launched its $1bn planned share buyback.
Read moreSunday newspaper round-up: 'Right to buy', HSBC, IAG
1st May 2022 18:26
(Sharecast News) - The Prime Minister is planning to give approximately 2.5 million Britons the right to buy the homes that they currently rent from housing associations. Boris Johnson ordered that planning start during the past fortnight, convinced that it would help "generation rent". Connected to the above, officials are also pursuing an idea by which tens of billions of pounds used by government to finance housing benefits would be funneled into helping recipients get mortgages. Details of the policy have surfaced ahead of what may be bruising local election results for Conservatives on Thursday. - Sunday Telegraph
Read moreHSBC profits fall 28% on Ukraine war, Asia slowdown
26th Apr 2022 07:03
(Sharecast News) - HSBC on Tuesday reported a 28% fall in first-quarter profits due to higher-than-expected credit losses, the Ukraine war and a slowdown in China as it also warned on the outlook for share buybacks.
Read moreIMF slashes global forecasts, warns of risks and still worse outcomes
19th Apr 2022 14:37
(Sharecast News) - The war in Ukraine will have many effects that will reach far and wide, not least by adding to price pressures and worsening the already stiff policy challenges faced by countries, the world's financial watchdog said.
Read moreInvestors should not make economic recession their 'base case', J.P.Morgan says
28th Mar 2022 11:06
(Sharecast News) - Equity strategists at J.P.Morgan reiterated their view that clients should not adopt an economic recession in the US, nor in Europe, as their 'base case'.
Read moreBoE may delay bank capital move because of Ukraine war
24th Mar 2022 11:14
(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
Read moreSector movers: Banks and insurers track gains in government bond yields
22nd Mar 2022 18:36
(Sharecast News) - Lenders' and insurers' shares paced gains on Tuesday as a top US central bank official laid out the case for moving "faster" to hike short-term interest rates.
Read moreAtlanta Fed's Bostic expects five more interest rate hikes in 2022
21st Mar 2022 13:23
(Sharecast News) - A top US central bank official projected a total of six interest rate hikes for throughout 2022 in order to get the price of money back to neutral as quickly as possible - which was the Federal Reserve's goal.
Read moreFed raises rates, sees six more hikes in 2022
16th Mar 2022 19:02
(Sharecast News) - The US central bank hiked interest rates as expected and said it was now clear that rates needed to be raised and that balance sheet run-off should begin.
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