Far from setting out a bold revamp of its strategy, HSBC is bent on 'defending the Empire', which may lead to its loss, a leading broker said. Adapt or die? The lender's investor update published on 9 June revealed how management continues to underestimate the negatives of running a complex global
Read more** Asia-focused Standard Chartered among top FTSE 100 risers in volume ** Traders say one catalyst for move is possibility British Finance Minister George Osborne will change a bank levy on the British banking industry at a speech later on Wednesday ** Times newspaper reports British
Read moreHONG KONG, June 10 (Reuters) - HSBC plc's head of oil and gas banking in Asia, Jorge Martinez, has left the firm to join Barclays in a similar position, a person familiar with the matter told Reuters on Wednesday. Martinez had joined HSBC in 2012 and before that spent three and a half years
Read more(Adds Rothschild, SYZ) June 9 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters.com. SYZ ASSET MANAGEMENT The institutional arm of Swiss banking group SYZ & Co , appointed K
Read moreLondon stocks managed to finish the session above their worst levels of the day as Wall Street fought to break a three day losing streak, although worries regarding the situation in Greece and the recent selling in German sovereign debt markets continued to weigh on sentiment. The Footsie ended the
Read more* Half job cuts to come from sale of Brazil, Turkey businesses * Bank to cut risk weighted assets by a quarter, or $290 bln * New return on equity target of above 10 pct by 2017 * Will rebrand its UK retail bank * Review of whether to move HQ to be completed by year end
Read moreUK stocks were slightly lower on Tuesday, as fragile negotiations between Greece and its creditors weighed on investors' risk appetites. Sector-wise, industrial metals, oil and telecommunications stocks provided the biggest drag. As of 14:30 BST, the FTSE 100 was trading 0.16% lower at 6,779. HSBC
Read moreLondon stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 12:20 the Footsie was lower by 19.89 points or 0.29% to 6,773.54 points. In parallel, Germany's Dax could be seen lower by 1.30% t
Read moreBy John Balassi NEW YORK, June 9 (IFR) - Summary of overnight events and Tuesday's main headlines: Dow Futures: -19, S&P Futures: -2.50, Nasdaq Futures: -10.75 CDX IG23: 0.0625bp wider, CDX HY23: 0.0625 point lower 10-yr UST yield: 2.382 +0.1bp; 30-yr UST yield: 3.114%, +0.9bp EUR/USD: 1.
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