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HBC

HSBC Holdings PLC

6/19/2013, 8:28 AM ET

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Monday, September 12, 2011, 4:48 AM ICB's much-anticipated Vickers report recommends U.K. banks "ring-fence" their basic services (deposits, overdraft) and move riskier "casino" operations to a non-ring-fenced bank that would not enjoy government support. Ring-fenced ops would need to maintain a debt/equity ratio of at least 10%. In London, BCS -3.2%, LYG -2.5%, RBS -1.8% and HBC -1.2%. Comment! [Financials, Global & FX]
Friday, September 9, 2011, 2:54 PM BrandFinance's latest ranking of global brands finds GOOG to have the world's most valuable one, with a value of $48.3B. AAPL comes in second, as its estimated brand value surpasses #3 MSFT's for the first time. Global banks such as HBC, WFC, BAC, and STD saw their brand values decline from January levels. (.pdf) 1 Comment [Tech, Financials]
Wednesday, September 7, 2011, 7:08 PM A proposed $62M settlement between HSBC (HBC) and investors in an Irish fund who were victimized by Bernard Madoff's Ponzi scheme has been rejected by a U.S. judge, saying it’s “not fair, reasonable or adequate, even at this preliminary stage.” Comment! [Financials]
Wednesday, September 7, 2011, 7:49 AM HSBC HBC plans to cut 3K (about 1.3% of its total) jobs in Hong Kong as part of cost reduction plans that will see 30K jobs eliminated around the globe by the end of 2013. Comment! [Global & FX, Financials]
Tuesday, September 6, 2011, 10:15 AM The big banks being sued by the FHFA are taking a beating, exacerbated by the aggressive selling in European banks: SCGLY.PK -13.9%, CS -12.1%, RBS -12.1%, DB -8.9, BCS -8.9%, NMR -7.6%, BAC -6%, C -5.1%, JPM -4.5%, HBC -4.5%, GE -4.4%, MS -4.3%, FHN -3.6%, GS -2.8%. (also) 1 Comment [Financials, On the Move]
Tuesday, September 6, 2011, 9:00 AM Premarket gainers: VRUS +9%. TLK +3%.
Losers: CS -14%. RBS -13%. UBS -12%. ING -11%. ALU -11%. STM -11%. IRE -10%. NBG -10%. DB -10%. CTIC -10%. LOGI -10%. ABB -9%. BCS -8%. MT -9%. LYG -9%. STD -8%. TS -7%. DNDN -6%. TEF -6%. ASML -6%. TOT -6%. FTE -6%. WFT -5%. RDS -5%. TSEM -5%. MPEL -5%. RIG -5%. NVS -5%. NOK -5%. SID -5%. BAC -5%. LVLT -5%. C -4%. JDSU -4%. HBC -5%. BHP -4%. Comment! [On the Move]
Monday, September 5, 2011, 3:48 AM Banks lead stocks lower in Europe, with RBS (RBS) -8% after being named in the FHFA's lawsuit, along with Barclays (BCS -7.3%), Deutsche Bank (DB -5.5%), Societe Generale (SCGLY.PK -4.85%), and HSBC (HBC -1.2%). Comment! [Financials, Global & FX]
Friday, September 2, 2011, 5:38 PM Bank of America (BAC) executives are currently discussing plans to lay off as many as 30K workers over the next several years, according the the Charlotte Observer. If initiated, the cuts would be second only in size to HSBC’s (HBC) massive plan to eliminate 30K jobs, or about 10% of its workforce. Shares +0.1% AH. 3 Comments [Financials]
Friday, September 2, 2011, 4:30 PM More FHFA suits: JPMorgan (JPM) for losses on $33B in MBS, Deutsche Bank (DB) for losses on $14.2B in MBS, HSBC (HBC) for losses on $6.2B of MBS, and First Horizon (FHN) for losses on $833M of MBS. (previous) 1 Comment [Financials, Breaking News]
Tuesday, August 30, 2011, 3:40 AM U.K. banks are soaring in London after Deutsche Bank upgrades RBS (RBS) to Buy from Hold, saying the recent falls across the industry have gone too far. "We think the sector valuation will prove attractive in hindsight," the broker said. RBS +10.5%, Barclays (BCS) +8.3%, Lloyds (LYG) +7.7%, HSBC (HBC) +3.4%. Comment! [Financials, On the Move]
Monday, August 22, 2011, 3:37 PM HSBC (HBC) is in talks over the sale of its Canadian wealth management unit. The group manages about $16.3B and its sale is expected to bring in $200-$300M, says a source. "It's a tough nut to crack," says an analyst of the Canadian financial services market, where foreign firms are bailing with regularity now. Comment! [Global & FX, Financials, M&A]
Monday, August 22, 2011, 10:52 AM Facing two important issues - balance sheets still loaded with difficult-to-sell assets and underfunded pensions - U.K. banks try to solve both with one move. The lenders have been moving the assets from their books onto the ledger of staff pension funds. The banks say the action makes sense; the pension trustees wonder what they're getting. 1 Comment [Global & FX, Financials]
Friday, August 19, 2011, 3:45 AM Banks are taking another pasting in European trading: Barclays (BCS) -6%, RBS -3.7%, Lloyds (LYG) -6%, SocGen (SCGLY.PK) -3.4%, Deutsche Bank (DB) -3.2%, and UniCredit (UNCIF.PK) -5.3%. HSBC (HBC) is in the green at +0.1%. Comment! [Financials, On the Move, Top Stories, Global & FX]
Thursday, August 18, 2011, 10:29 AM Update on European bank shares. U.K.: BCS -11%, RBS -11%, LYG -9%, HBC -6%. France: SocGen SCGLY.PK -13%. Italy: Unicredit -7% (suspended). Germany: DB -6%. Switzerland: UBS -8%. Euro financial ETF: EUFN -7%. 1 Comment [Global & FX, Financials, On the Move]
Thursday, August 18, 2011, 10:23 AM Following Europe, financial stocks (XLF -5.1%) are in dismal shape, as shares of everything from big banks - BAC -7.6%, C -9.3%, JPM -4.9%, WFC -4.7% - to regionals (KRE -4.8%) slump; the regional index hits a 21-month low. European banks plunge: BCS -10.7%, RBS -11.4%, HBC -6.5%. Comment! [Financials, On the Move]
Thursday, August 18, 2011, 9:07 AM It's not just Italian banks getting hit, but lenders across Europe are all sharply lower. Of possible interest is the NY Fed's inquiry into their ability to fund themselves. See if you can figure which shares have short sale bans and which don't. BCS -8%, UBS -5%, ING -5%, DB -5%, SCGLY.PK -8%, STD -3%. 1 Comment [Global & FX, Financials]