Hin 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.
Read moreHSBC board to avoid angry investors at AGM behind closed doors
6th Apr 2020 12:18
(Sharecast News) - HSBC has switched the venue of its annual general meeting to its London head office and barred shareholders from attending in a move that will shield directors from investor anger after a turbulent year for the bank.
Read moreFCA to freeze consumer loan payments in emergency measures
2nd Apr 2020 07:44
(Sharecast News) - The Financial Conduct Authority has asked lenders to introduce loan payment freezes and interest-free overdrafts to support consumers whose finances have been hit by the Covid-19 crisis.
Read moreHSBC scraps dividends at BoE's request
1st Apr 2020 07:16
(Sharecast News) - HSBC has cancelled its fourth-quarter dividend and agreed not to pay dividends or buy back shares in 2020 after the Bank of England told the bank to conserve capital during the Covid-19 crisis.
Read moreUK banks warned against profiteering during Covid-19 crisis
26th Mar 2020 12:34
(Sharecast News) - UK banks were formally warned not to take advantage of the coronavirus crisis as they were accused in parliament of profiteering.
Read moreUK banks 'well able' to withstand Covid-19 crisis - FPC
24th Mar 2020 12:02
(Sharecast News) - UK banks are well positioned to withstand the severe disruption brought about by the coronavirus pandemic, the Bank of England's Financial Policy Committee said on Tuesday, as it pledged to take further action to underpin financial stability if needed.
Read moreHSBC appoints Noel Quinn as permanent CEO
17th Mar 2020 18:12
(Sharecast News) - HSBC has appointed interim chief executive Noel Quinn to the role on a permanent basis, with immediate effect.
Read moreTuesday broker round-up
17th Mar 2020 13:00
(Sharecast News) - Ti Fluid Systems: Citigroup downgrades to neutral with a target price of 140p.
Read moreMonday broker round-up
16th Mar 2020 13:18
(Sharecast News) - Weir Group: Morgan Stanley downgrades to equal weight with a target price of 1,350p.
Read moreCoronavirus infection triggers partial evcuation at HSBC
5th Mar 2020 11:57
(Sharecast News) - HSBC's research department in the City was evacuated and sanitized after an employee tested positive for the COVID-19 coronavirus.
Read moreTuesday broker round-up
3rd Mar 2020 12:46
(Sharecast News) - Huntsworth: Liberum downgrades to hold with a target price of 108p.
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