European markets closed lower on Thursday after the European Central Bank announced it would keep its monetary policy stance unchanged.
Two of Europe's biggest banks warned on Wednesday that they could each move about 1,000 jobs out of London.
London's financial bosses urged the U.K. government to consider extending Brexit negotiations to a five-year transitional process.
U.K. currency traders appear to be increasingly dismissive of economic strength in the country with Brexit negotiations fast approaching.
Government to seek parliamentary approval to borrow to underwrite its wobbly banking sector, starting with Monte dei Paschi di Siena
Bank said to be resisting the settlement from its sale of toxic mortgage securities in the run-up to the 2008 financial crisis.
Asian markets were exuberant on Thursday, buoyed by China November trade data beating forecasts.
The European Commission fined banks Credit Agricole, HSBC and JPMorgan Chase a total of 485 million euros ($520 million) for their part in a cartel to fix the price of financial benchmarks linked to the euro.
Dickie Wong of Kingston Securities talks about the recent performance of HSBC shares.
Asia markets traded mixed as traders looked ahead to key global events including an OPEC meeting and the U.S. nonfarm payroll report.
HSBC and Standard Chartered are the most at risk of failing the BoE stress test due to an exposure to Chinese credit; RBC Capital analysts.
The two banking firms top this list that many companies don't want to be on.
Some of the names on the move ahead of the open.
Citi joined JPMorgan as the world's most systemically important banks, replacing HSBC in a group of 30 lenders.
Strategists at the firm say a Trump presidency could hurt the economy, earnings and possibly spark stagflation.
U.S. stocks could see a rally out of the election and boost their standing among international developed markets, according to a strategist.
HSBC might have reported weaker profits but its strong capital ratio means it is likely to deliver on dividends, says Sinopac Securities' Ivan Li.
Going forward, market players are expecting positive news from the bank, such as a share repurchase scheme, says Partners Capital International's Ronald Wan.
HSBC reported a worse-than-expected 86 percent fall in pretax profit for Q3 on a $1.7 billion loss on the sale of its Brazil unit.
The bank is under pressure on all fronts, from its U.K. to China businesses, so it's unlikely to beat last year's quarterly figures, says East and Partners' Martin Smith.