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  • Bank stocks undervalued: Dick Bove Tuesday, 9 Jun 2015 | 7:13 AM ET
    Bank stocks undervalued: Dick Bove

    Dick Bove, Rafferty Capital, says despite interest rate fears, there is a tremendous amount of value in bank stocks that is not being recognized.

  • ‘Punk is dead’: Sex Pistols credit cards slammed Tuesday, 9 Jun 2015 | 6:49 AM ET

    Virgin Money is hawking a line of credit cards featuring two of the iconic punk band’s albums.

  • Why does HSBC like Mexico, but want to quit Brazil? Tuesday, 9 Jun 2015 | 8:10 AM ET
    A worker looks up while changing a drill pipe on the Laurus oil drilling rig operated by Petroleos Mexicans (Pemex) in the Ku-Maloob-Zaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico.

    Headlines about Mexico have been dominated by violence, corruption and weak growth. However, the country's fortunes may be revived, with banks like HSBC interested in investing.

  • *Half job cuts to come from sale of Brazil, Turkey businesses. HONG KONG/ LONDON, June 9- HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. It will cut its assets by a quarter, or $290 billion on a risk adjusted basis by 2017,...

  • HSBC unfairly 'overly-tarnished': UK MP Tuesday, 9 Jun 2015 | 5:00 AM ET
    HSBC unfairly  'overly-tarnished': UK MP

    HSBC's name has previously had a good reputation, but recently it has been unnecessarily "overly-tarnished" by its business strategy, John Mann MP, former member of treasury select committee, said.

  • Deutsche Bank offices searched by authorities Tuesday, 9 Jun 2015 | 11:53 AM ET
    A pedestrian passes a Deutsche Bank branch in Frankfurt, Germany.

    Germany's biggest bank was searched by German prosecutors on Tuesday as part of an investigation in securities transactions by clients.

  • LONDON, June 9- HSBC said it would cut up to 8,000 British jobs and rebrand its UK retail banking unit, which it could sell in response to new rules stating such businesses must be separate from investment banking in order to protect customers. HSBC CEO Stuart Gulliver said on Tuesday that between 7,000 and 8,000 jobs, or about one in six of its staff, would be cut by "...

  • Mexico: A future growth driver for HSBC? Tuesday, 9 Jun 2015 | 4:00 AM ET
    Mexico: A future growth driver for HSBC?

    HSBC's chief executive, Stuart Gulliver, said that while Turkey and Brazil have limited value for HSBC, Mexico may be their "golden goose" for potential strong growth.

  • HSBC to cut 25,000 jobs, slash billions from costs Tuesday, 9 Jun 2015 | 11:54 AM ET
    Pedestrians walk past a signage for HSBC Holdings Plc displayed outside a bank branch in the Central district of Hong Kong, China

    HSBC will cut costs by as much as $5 billion, laying off as many as 25,000 staff, the banking behemoth has told investors.

  • HSBC suffering from self-inflicted wounds: UK MP Tuesday, 9 Jun 2015 | 2:15 AM ET
    HSBC suffering from self-inflicted wounds: UK MP

    John Mann, Labour MP and former member of the UK's Treasury Select Committee, says HSBC is suffering as a result of many self-inflicted wounds.

  • HSBC to cut 25,000 jobs Tuesday, 9 Jun 2015 | 2:10 AM ET
    HSBC to cut 25,000 jobs

    CNBC's Geoff Cutmore and Catherine Boyle report from outside the HSBC headquarters in London as the bank announces huge labour and cost cuts.

  • HSBC's main focus is costs: Analyst Tuesday, 9 Jun 2015 | 2:00 AM ET
    HSBC's main focus is costs: Analyst

    Kian Abouhossein, head of EMEA banking research at JPMorgan, talks about the cost challenges facing HSBC.

  • UBS' Nelson: HSBC going 'back to basics' Tuesday, 9 Jun 2015 | 12:39 AM ET
    UBS' Nelson: HSBC going 'back to basics'

    HSBC's plans to accelerate its investments in Asia is a move back to basics, which will be welcomed by investors, says Nick Nelson, head of European Equity Strategy at UBS.

  • Why HSBC's strategy won't move share prices Tuesday, 9 Jun 2015 | 12:19 AM ET
    HSBC's new strategy won't jolt share price: Pro

    With plans like the sale of Brazil and Turkey units widely expected, the announcement won't move HSBC's stock significantly, says King Lip, chief strategist at Baker Avenue Asset Management.

  • HSBC strategy in line with expectations: Pro Tuesday, 9 Jun 2015 | 12:14 AM ET
    HSBC strategy in line with expectations: Pro

    With HSBC's announcement being "pretty much expected" thus far, King Lip, chief strategist at Baker Avenue Asset Management, hopes the bank can discuss more about its money-losing U.S. division.

  • HSBC update won't be earth-shattering: IDC Monday, 8 Jun 2015 | 11:42 PM ET
    HSBC update won't be earth-shattering: IDC

    Cyrus Daruwala, managing director, Asia Pacific at IDC Financial Insights, says HSBC will likely "take the safe route" at Tuesday's strategy meeting.

  • Don't get your hopes up on HSBC: Mizuho analyst Monday, 8 Jun 2015 | 8:33 PM ET
    Don't get your hopes up on HSBC: Mizuho analyst

    Jim Antos, bank analyst at Mizuho Securities Asia, says traders expecting dramatic announcements from HSBC's update on late Tuesday may be disappointed.

  • DIARY- Top Economic Events to June 19 Monday, 8 Jun 2015 | 8:01 PM ET

    LONDON- Bank of England regulator David Bailey takes part in panel discussion at FIA derivatives conference- 1030 GMT. FRANKFURT- ECB Governing Council member Jens Weidmann to give welcome remarks at Bundesbank lecture- 0800 GMT. HELSINKI- European Central Bank council member Erkki Liikanen to speak on monetary policy at a conference organized by Finland's...

  • June 8- The Federal Reserve Bank of Minneapolis on Monday launched a search for a "strategic thought leader" to replace current president Narayana Kocherlakota, who is returning to academia after years of failing to persuade colleagues in the U.S. central bank to support more accommodative monetary policy. Kocherlakota, a university professor before...

  • *Atmel jumps on M&A report. June 8- U.S. stocks ended lower on Monday as investors worried about Greece and mulled the prospect of the Federal Reserve raising interest rates as early as September. The market is cringing at that idea, "said Frank Davis, director of sales and trading at LEK Securities in New York.

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