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HSBC sees no change to UK bank levy policy before 2015
ReutersLONDON (Reuters) - HSBC said it does not expect Britain to change its bank levy policy before the next general election due in 2015 and said it is likely to pay about $800 million on the tax this year. HSBC has said the levy unfairly hits banks with...Tags: United Kingdom, Political Fundraising, Credit Ratings, Politics
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Talk of US high-grade jumbo deal despite weak eurozone data
ReutersBy John Balassi NEW YORK, May 15 (IFR) - Talk of a jumbo trade in the US high-grade market persisted on Wednesday even as market tone was dampened by data showing the eurozone had contracted for a sixth straight quarter, with France slipping into...Tags: China, Bonds, Goldman Sachs Group, Inc., Prices, Asia
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ACTUALIZA 1-HSBC recortará otros 14.000 empleos en su lucha contra los costos
Reuters(Actualiza información, agrega citas y precios de acciones) Por Lawrence White y Steve Slater HONG KONG/LONDRES, 15 mayo (Reuters) - HSBC, el banco más grande de Europa, recortará 14.000 empleos más a nivel global, intentando encauzar sus... -
CEO of SocGen Russia unit held over suspected kickbacks
ReutersMOSCOW (Reuters) - The chief executive of Societe Generale's Russian unit was detained on Wednesday on suspicion of taking bribes, dealing a blow to one of the few foreign banks that has dared to challenge Russia's dominant state banks. The investigation...Tags: Banking, Corporate Officers, Vladimir Putin, Corporate Crime, Heavy Engineering
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HSBC may cut 14,000 more jobs as revenue faces pressure
ReutersHONG KONG/LONDON (Reuters) - HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to...Tags: China, Business Enterprises, Banking, Investment Service, Hong Kong
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EUROPE RESEARCH ROUNDUP: Axa, Allianz, SIG, Vodafone, Smith & Nephew
ReutersMay 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Axa, Diploma and SIG, on Tuesday. HIGHLIGHTS * Insurance: Socgen starts Axa with buy * Construction: Jefferies raises target price...Tags: Citigroup Incorporated, Goldman Sachs Group, Inc., Republic of Ireland, Prices, Royal Dutch Shell Plc
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U.S. RESEARCH ROUNDUP: Yahoo, Microsoft, American Express, ArcelorMittal
ReutersMay 14 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Yahoo and Microsoft, on Tuesday. HIGHLIGHTS * Yahoo : Goldman Sachs raises target to $30 from $27; rating conviction list buy...Tags: Cameron International Incorporated, Copa Holdings SA, Silver Wheaton Corporation, Deutsche Bank AG, Public Storage Incorporated
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Sedate Tuesday in US high-grade but more issuance expected
ReutersBy Shankar Ramakrishnan NEW YORK, May 14 (IFR) - A combination of a sell-off in US Treasuries and signs of indigestion after relentless supply over the last few weeks conspired to ensure a sedate Tuesday with only USD3.03bn was raised by six issuers....Tags: Citigroup Incorporated, Bonds, Banking, Northeast Utilities, Goldman Sachs Group, Inc.
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Sen. Warren goads Fed, SEC, DOJ to explain no-fault bank deals
Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...Tags: U.S. Congress, Elizabeth Warren, Eric Holder, Elisse Walter, Parties and Movements
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Hong Kong shares may start steady, Galaxy Entertainment in focus
ReutersHONG KONG, May 15 (Reuters) - Hong Kong shares could start steady on Wednesday, with the Macau casino sector in focus after Galaxy Entertainment posted a record first quarter adjusted EBITDA of HK$2.8 billion. Chinese internet giant Tencent Holdings...Tags: China, Banking, Macau, South Korea, Las Vegas Sands Corporation
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ACTUALIZA 1-Indice alemán ZEW sube menos de lo esperado en mayo
Reuters(Cambia redacción, agrega detalles, comentarios y firma de autores) Por Eva Kuehnen y Sakari Suoninen MANNHEIM, Alemania, 14 mayo (Reuters) - La confianza de los analistas e inversores alemanes subió en mayo tras caer con fuerza en abril, lo que... -
German investor morale rise points to timid recovery
ReutersMANNHEIM, Germany (Reuters) - German analyst and investor sentiment edged up in May after dropping sharply in the previous month, suggesting the euro zone's largest economy is overcoming concerns over a flare-up in the bloc's debt crisis and is back on...Tags: Economic Indicator, European Central Bank, Elections, Germany, European Debt Crisis
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