
NEW YORK, May 5 (Reuters) - Morgan Stanley said on Tuesday it hired six financial advisers since the start of May from rival brokerage firms UBS AG and HSBC Securities (USA) Inc, where they collectively managed $1.6 billion in client assets. Most of the advisers joined Morgan Stanley from
Underwhelming results from banking heavyweight HSBC offset a late rally in the mining sector on Tuesday, with UK stock markets dropping into the red by the close. The FTSE 100, which rose to a high of 7,053.18 early on, finished down 58.37 points (-0.84%) at 6,927.58. This was the index's lowest clo
By Steve Slater LONDON, May 5 (Reuters) - HSBC is set to extend a six year overhaul of its U.S. business to revive its fortunes rather than add it to the 77 businesses sold in the past four years, the British bank's boss said on Tuesday. HSBC Chief Executive Stuart Gulliver has said h
Asset manager Aberdeen led the fallers as it reported an accelerating outflow of funds, with £11.3bn withdrawn by investors in the six months to 31 March. HSBC was trading lower, after underwhelming with its first-quarter results despite profits coming in ahead of expectations. Reported pre-tax prof
Stocks started the shortened trading week positively on Tuesday, taking their cue from gains in Europe and the US the previous day. After being closed on Monday for the bank holiday, the FTSE 100 was up 0.38% at 7,012.52 by midday, rising for the third straight session. However, falls from HSBC, mi
* Q1 pretax profit $7.1 billion, up 4 pct vs year ago * Underlying op costs up 6 pct, partly due to compliance costs * Review of HQ location will take a few months * No significant business impact from Swiss scandal * Shares dip 2 percent (Recasts with CEO comments, upda