HSBC has sounded out investors about a flotation of its U.K. arm, in a move that would realize value from its high street banking business.» Read More
LONDON, Dec 9- HSBC Holdings Plc is considering floating up to 30 percent of its British retail and commercial banking arm to help meet UK regulation and unlock value for shareholders, the Financial Times said on Monday. HSBC is Europe's biggest bank with a market value of $200 billion and its UK arm is estimated to be worth about 20 billion pounds.
HONG KONG, Dec 9- Hong Kong shares edged higher on Monday but gains were capped by a reversal in Chinese banks, after the central bank issued rules for the trading of certificates of deposits, reigniting fears that interest rate liberalisation will crimp margins.
HONG KONG, Dec 9- China shares kicked off the week on a sluggish note on Monday, with the banking sector a drag following a series of reports on financial reforms ahead of a key central economic work meeting that will set policy goals for the new year.
Dec 9- HSBC Holdings Plc is considering the flotation of up to 30 percent of its British retail and commercial banking arm, the Financial Times reported, a move that would help it cope with planned new rules that demand that British banks ringfence their retail arms.
Inconclusive data in the United States has given few clues as to when the Federal Reserve might bring its policy of easy money to an end, while markets are still waiting for the European Central Bank to come to the euro zone's rescue again with more than just another interest rate cut.
MILAN, Dec 8- The European Central Bank has the tools to counter a possible excessive slowdown in inflation and would act if necessary, Governing Council member Jens Weidmann told an Italian newspaper on Sunday. We are ready and able to act, "the head of Germany's Bundesbank was quoted as saying in Il Sole 24 Ore.
LONDON, Dec 8- Most of Europe's big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show they have put the financial crisis behind them in time for a critical review by regulators.
BERLIN, Dec 7- European Central Bank board member Joerg Asmussen has backed German Finance Minister Wolfgang Schaeuble's call for governments to keep scrutinising the banking sector despite complaints that they have already gone far enough.
CHICAGO, Dec 6- A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.
Dec 6- A federal judge has granted final approval to Bank of America Corp's record $500 million settlement with investors who claimed they were misled by the bank's Countrywide unit into buying risky mortgage debt. Countrywide had been the largest U.S. mortgage lender before Bank of America bought it in July 2008.
CHICAGO, Dec 6- A top Federal Reserve official said on Friday he was "open-minded" to the idea of reducing the U.S. central bank's bond purchasing stimulus program this month, but he would like to see a stronger labor market first.
CHICAGO, Dec 6- A top Federal Reserve official said on Friday he would ideally like to see more signs of recovery in the labor market before the U.S. central bank reduces its bond-buying stimulus program, although he was open-minded.
*Fourth-quarter adjusted profit C $1.31 vs est C $1.32. TORONTO, Dec 6- Bank of Nova Scotia reported a 12 percent rise in quarterly profit due to its acquisition last year of online bank ING Direct, but results were marred by a sluggish performance at its international unit.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "The market reacted pretty violently to the report and I think a lot of people got caught in the hole," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
They don't take deposits. They won't lend to businesses or consumers. And yet monetary policy in the United States currently depends on them.
*Analysts bank on earnings rebound despite downgrade trend. LONDON, Dec 6- Equity analysts are predicting double-digit growth in European earnings in 2014, banking on economic recovery to fuel a rebound despite seeing similarly rosy forecasts confounded for two years running.
Many leaving it late to tell the Swiss regulator whether they will participate in a U.S. programme to settle tax evasion suspicions.
LONDON, Dec 6- Crowded junk corporate bond markets may be most vulnerable to what could be the main outlying risk of 2014: a Federal Reserve that is slow to withdraw monetary stimulus and forced to play catch-up.
LONDON, Dec 6- The dollar rose against basket of currencies on Friday, with its short term fortunes riding on whether key U.S. jobs data can bolster the case for the Federal Reserve to start scaling back monetary stimulus.
Germany's Bundesbank raised its forecast for growth of the euro zone's largest economy this year and next on Friday.