BoE's Bailey warns bank chiefs on Brexit - report
3rd Jun 2020 15:01
(Sharecast News) - The Governor of the Bank of England has told bank bosses to step up preparations for the UK failing to agree a trade deal with the EU, according to a report.
Read moreJefferies switches out of HSBC over Hong Kong concerns
1st Jun 2020 11:50
(Sharecast News) - Jefferies has downgraded its recommendation for HSBC to 'hold' as unrest over the future of Hong Kong continues to mount.
Read moreChina halts some agricultural purchases over Washington's response to HK security law
1st Jun 2020 11:04
(Sharecast News) - China's two major state-run agricultural firms hit the pause button on purchases of some American agricultural goods, including soybeans, as officials in Beijing assess mounting tensions with the US.
Read moreBanks say up to half of 'bounce back' loans could default - report
1st Jun 2020 09:44
(Sharecast News) - UK banks have warned that up to half the £18.5bn "bounce back" loans they make to small businesses during the Covid-19 crisis are unlikely to be repaid, according to a report.
Read moreLenders grant 1.5m payment breaks on cards and loans
29th May 2020 13:04
(Sharecast News) - UK lenders have given almost 1.5m payment holidays to card and personal loan borrowers in financial difficulties during the Covid-19 crisis, industry figures showed.
Read moreEurope midday: Stocks off lows despite diplomatic stand-off over HK
29th May 2020 11:58
(Sharecast News) - Stocks were still trading on their back foot come midday, but had come off their worst levels, as financial markets girded themselves for a White House press conference scheduled for later in the evening.
Read moreAsia report: Markets mixed after Beijing approves HK security bill
29th May 2020 10:11
(Sharecast News) - Markets in Asia finished in a mixed state on Friday, as investors took a wait-and-see approach to the global reaction to Beijing's approval of its controversial security bill for Hong Kong, which happened late on Thursday.
Read moreChina votes for Hong Kong security law as US tensions rise
28th May 2020 08:47
(Sharecast News) - China's parliament has voted overwhelmingly to impose a national security law on Hong Kong in a move that has unnerved markets and threatens to increase tensions between Beijing and the US.
Read moreHSBC board seeks deeper cuts in new revamp push - report
26th May 2020 07:44
(Sharecast News) - HSBC's board is seeking deeper cuts than the 35,000 job reductions already announced after deciding the Covid-19 crisis requires more radical measures, according to a report.
Read moreChina announces national security law for Hong Kong
22nd May 2020 09:09
(Sharecast News) - The Hong Kong stock market fell sharply after China said it would impose a national security law that threatens the "one country, two systems" arrangement between the city and Beijing.
Read moreHSBC had $200m one-day loss in choppy gold markets
13th May 2020 12:57
(Sharecast News) - HSBC lost about $200m in a single day in March because of disruptions in the gold market that caused prices in major markets to diverge widely.
Read moreTuesday broker round-up
5th May 2020 13:27
(Sharecast News) - Stagecoach Group: Canaccord upgrades to buy with a target price of 110p.
Read moreECB ready to increase emergency bond buying programme, use all tools
30th Apr 2020 14:09
(Sharecast News) - The European Central Bank kept the door open to ramping up its emergency bond purchase programme, all its policy tools in fact.
Read moreHSBC profit almost halves as bad debts surge
28th Apr 2020 07:02
(Sharecast News) - HSBC's first-quarter profit almost halved as the bank set aside $3bn (£2.4bn) for credit losses after the Covid-19 crisis took its toll on financial performance.
Read moreBoE urges banks to go easy on bad debts - report
27th Apr 2020 09:04
(Sharecast News) - The Bank of England has warned UK lenders to exercise restraint in booking charges for expected bad debts to preserve their capital positions.
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