HSBC 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.
Read moreSunday newspaper round-up: Lockdown, Vaccines, Social distancing
26th Apr 2020 23:44
(Sharecast News) - Boris Johnson is expected to announce plans for easing the lockdown as early as this week after he returned to Downing Street on Sunday night to take full-time control of the coronavirus crisis. The Prime Minister will on Monday morning chair his first meeting of the Covid-19 "war cabinet" since he was taken to hospital more than three weeks ago, and is ready to resume his role hosting televised Number 10 press conferences. - Sunday Telegraph
Read moreHSBC's Tucker says sorry for scrapped dividend
24th Apr 2020 14:06
(Sharecast News) - HSBC Chairman Mark Tucker apologised for the bank's cancelled dividend at an annual general meeting held behind closed doors because of the Covid-19 crisis.
Read moreBoE tells banks to use buffers to support economy
20th Apr 2020 14:26
(Sharecast News) - The Bank of England has told banks to use their liquidity and capital buffers to back customers during the Covid-19 crisis after requiring lenders to cancel dividends to bolster their finances.
Read moreHin Leong founder reveals unrecorded losses of $800m
20th Apr 2020 13:40
(Sharecast News) - The founder of oil trader Hin Leong Trading has admitted ordering the non-reporting of $800m (£643m) of losses before the Singapore company filed for bankruptcy.
Read moreGovernment calls for shareholder days in lieu of AGMs
17th Apr 2020 09:48
(Sharecast News) - The government has called on companies to hold shareholder days to give investors the chance to interrogate boards when Covid-19 limits on annual general meetings are lifted.
Read moreBarclays upgrades RBS, says Lloyds preferred UK bank stock
16th Apr 2020 13:59
(Sharecast News) - Barclays upped its stance on Royal Bank of Scotland shares to 'equalweight' from 'underweight' on Thursday in a note on UK banks.
Read moreFederal Reserve to purchase higher-rated junk bonds through new facility
9th Apr 2020 14:17
(Sharecast News) - America's central bank stepped up to the plate yet again with plans to provide as much as $2.3trn in financing for the private sector, especially for small and medium-sized companies, alongside local and state governments.
Read moreJP Morgan boss anticipates financial stress akin to 2008 crisis
6th Apr 2020 13:14
(Sharecast News) - The head of America's largest lender by market value is digging in for a severe downturn.
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