Search Results for: hsbc
Handful of non-EU banks to make European stress tests debut
July 16th, 2014
A handful of global banks are bracing themselves for their first results from Europe’s bank stress-testing regime, which will tell them in October whether they have enough capital to withstand future crises. Banks outside the European Union have traditionally ...
Bank of China Hires in Hong Kong as High-Yield Bond Trade Starts
July 16th, 2014
Bank of China Ltd. is hiring traders and sales people in Hong Kong as it sets up a high-yield bond-trading platform to boost market share and cement its position as one of Asia’s top 10 debt underwriters. Surging sales ...
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
July 16th, 2014
When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate in ...
Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns
July 14th, 2014
Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. Banco Espirito Santo SA ...
China Fiscal Spending Jumps 26.1% in June
July 14th, 2014
China’s fiscal expenditure surged 26.1 percent in June from a year earlier to 1.65 trillion yuan (155.3 trillion pounds), reflecting government efforts to speed up spending to shore up the economy. Spending growth accelerated from a rise of 24.6 ...
Banks face intensified sanctions probes in U.S.
July 10th, 2014
Following BNP Paribas’ record $8.9 billion in penalties for violating U.S. economic sanctions, federal and state authorities are intensifying investigations of other foreign banks over signs of similar infractions. At least six banks in Germany, France, Italy or Japan ...
China’s Inflation May Lead to More Stimulus
July 9th, 2014
China’s consumer inflation cooled slightly more than expected in June, pointing to lingering weakness in the economy which could prompt Beijing to launch further stimulus measures to shore up growth. The consumer price index (CPI) rose 2.3 percent in ...
Israel’s Matomy says new requirement paves way for London float
July 8th, 2014
Israeli digital advertising firm Matomy Media Group said on Monday its renewed bid to float on the London Stock Exchange (LSE) comes after the bourse made its requirements more accommodating. Matomy, which counts American Express and HSBC among its ...
Top banks face wait for detail of new buffer to protect against bailouts
July 8th, 2014
According to a global banking regulator, details of a new buffer of bonds to shield taxpayers from having to rescue a big bank won’t become clear for at least a year or more. Lenders like Goldman Sachs, Deutsche Bank ...
Companies attacked for ‘potentially misleading’ debt collection letters
July 4th, 2014
A string of banks and utilities have today given details of how they sent letters to customers under other names. This is a practice that is being criticised by some consumer campaigners and MPs as potentially misleading. The letters ...
