26th Jul 2023 18:59
(Sharecast News) - The Federal Reserve hiked interest rates as expected on Wednesday and left the door open to further tightening if needed.
Read more12th Jul 2023 07:21
(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.
Read more10th Jul 2023 16:59
(Sharecast News) - Two top US central bank officials guided towards more tightening moves in 2023.
Read more4th Jul 2023 07:24
(Sharecast News) - The Financial Conduct Authority (FCA) has called on the chief executives of major banks to address concerns over the low savings rates being offered to customers, it emerged on Tuesday.
Read more14th Jun 2023 16:15
(Sharecast News) - HSBC announced new potential terms for the sale of its French retail banking business on Wednesday that might mean the deal with Cerberus-backed My Money Group can go ahead after all.
Read more13th Jun 2023 09:31
(Sharecast News) - HSBC has decided to wind down its wealth and personal banking business in New Zealand.
Read more11th Jun 2023 14:36
(Sharecast News) - Experts believe that the Bank of England will have to jack up its base rate from 4.5% at present to 5.5% by the end of 2023 in order to tame stubbornly high inflation. It was that prospect that had already resulted in lenders and building societies to raise the cost of fixed-rate mortgages or to pull deals altogether, as HSBC did during the preceding week. Higher rates also have implications for the cost of servicing the country's debts, in turn eliminating the Chancellor's already limited headroom to push through tax cuts before the elections. - The Financial Mail on Sunday
Read more24th May 2023 18:06
(Sharecast News) - A top US central bank official said he could support a further 25 basis point interest rate hike at the 13-14 June policy meeting, depending on how the economic data came in between now and then.
Read more24th May 2023 12:11
(Sharecast News) - Five global banks have been provisionally found to have broken UK competition law, it was announced on Wednesday, by allegedly sharing competitively sensitive bond market information.
Read more17th May 2023 14:53
(Sharecast News) - HSBC was at the top of the list of director buys on Wednesday, after two of its executives purchased shares under its 2011 share plan.
Read more5th May 2023 14:36
(Sharecast News) - HSBC shareholders rejected a proposal on Friday to split the business and spin off the Asian arm.
Read more5th May 2023 12:42
(Sharecast News) - HSBC urged shareholders again on Friday to vote against resolutions backed by its biggest stakeholder, China's Ping An Asset Management, to split the business in two and spin off the Asian arm.
Read more3rd May 2023 18:34
(Sharecast News) - The Federal Reserve hiked short-term official interest rates as expected, but left the door open to a pause in its tightening cycle.
Read more3rd May 2023 16:16
(Sharecast News) - Berenberg upgraded HSBC to 'buy' from 'hold' on Wednesday, keeping the price target at 780p, as it said the bank's return on tangible equity of around 13% and attractive growth potential are undervalued.
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