Week ahead: FOMC meeting, Q2 earnings reports in the spotlight
22nd Jul 2022 13:01
(Sharecast News) - All eyes over the coming week will be on Wednesday's Federal Open Market Committee, as much for what it has to say on interest rates at the present meeting as well as for its guidance, together with a raft of corporate earnings reports on both sides of the Atlantic.
Read moreSix high street banks broke CMA information rules
22nd Jul 2022 11:07
(Sharecast News) - Six high street banks were found to have broken rules imposed by the Competition and Markets Authority under the Retail Banking Market Investigation Order 2017, it was revealed on Friday.
Read moreHSBC sells Russian business to ExpoBank
21st Jul 2022 14:06
(Sharecast News) - HSBC has unloaded its Russian business shortly before Moscow announced that it would move to block foreign lenders divesting their operations in the country.
Read moreChinese producer price inflation eases in June, but CPI gains accelerate
9th Jul 2022 19:11
(Sharecast News) - Factory gate inflation in the People's Republic of China cooled last month, but continued accelerating at the consumer level.
Read moreCredit Suisse sees value in UK Banks, Lloyds remains 'top pick'
5th Jul 2022 10:57
(Sharecast News) - Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
Read moreTreasury 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.
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