HSBC Holdings PLC


  • Ex-Dewey finance director admits accounting was false Thursday, 27 Mar 2014 | 4:02 PM ET

    Dewey& LeBoeuf's former chairman Steven Davis, 60, executive director Stephen DiCarmine, 57, chief financial officer Joel Sanders, 55, and client relations manager Zachary Warren, 29, were all criminally charged March 6 for the alleged use of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep the law firm alive.

  • NEW YORK, March 27- Silver investors failed to show that JPMorgan Chase& Co conspired to drive down the metal's price, and an antitrust lawsuit accusing the largest U.S. bank of price-fixing should be dismissed, a federal appeals court ruled.

  • Fed objects to capital plans of RBS, HSBC, Santander. The U.S. central bank started scrutinising foreign banks' emergency plans only this year but its tough verdict on RBS, HSBC and Santander- three of Europe's largest banks- as well as U.S. giant Citigroup throws down a gauntlet to the European Central Bank as it readies its own bank stress tests this year.

  • *Citigroup falls in premarket, Fed rejects capital plan. NEW YORK, March 27- U.S. stock index futures indicated a flat opening on Wall Street Thursday as the latest economic data pointed to improving conditions, though investors were reluctant to make big bets amid tensions in Ukraine and a drop in Citigroup shares.

  • LONDON, March 27- British retail sales rose much faster than forecast in February, suggesting that the economy's solid recovery extended into the first quarter of the year, official data showed on Thursday. "The UK consumer is powering on, helped by improving pay growth, subsiding inflation and very low interest rates.

  • *Citigroup falls in premarket, Fed rejects capital plan. *On Wednesday, the U.S. and the European Union agreed to work together to prepare possible tougher economic sanctions in response to Russia's annexation of Ukraine's Crimea territory, including on the energy sector.

  • Fed rejects Citigroup capital plan, shares drop Thursday, 27 Mar 2014 | 6:59 AM ET

    Citi was one of five banks whose capital plans were not approved. The Fed said Citi's plan did not fix previously raised issues.

  • LONDON, March 27- European stock indexes dipped lower on Thursday after a profit warning at fashion retailer Hennes& Mauritz knocked its shares down almost 4 percent. The euro zone's blue-chip Euro STOXX 50 index also declined by 0.4 percent to 3,119.22 points.

  • *China tech stocks spooked by losses in U.S. tech sector. SYDNEY, March 27- Asian markets were in skittish mood on Thursday following a soft finish on Wall Street and amid simmering tensions over Ukraine, while Chinese tech stocks took a tumble in sympathy with their U.S. counterparts.

  • The People's Bank of China set the yuan mid-point at 6.1465, down 0.04 percent from the previous day's 6.1440 and weaker than some analysts had expected. "The market was quiet in the morning and dollar buying and selling was balanced," said a trader at a Chinese bank in Beijing.

  • SYDNEY, March 27- Asian markets were in skittish mood on Thursday following a late dip on Wall Street, with Tokyo stocks slipping as investors counted down to a rise in sales tax that is expected to swat consumer spending and test the market's faith in Abenomics.

  • SYDNEY, March 27- Asian markets got off to a skittish start on Thursday following a late dip on Wall Street amid talk of tougher sanctions on Russia and a drop in technology stocks. The early action was cautious with the Australian market off 0.9 percent and MSCI's broadest index of Asia-Pacific shares outside Japan down 0.24 percent.

  • WASHINGTON/ NEW YORK, March 26- The Federal Reserve on Wednesday rejected Citigroup Inc's plans to buy back $6.4 billion of shares and boost dividends, saying the bank is not sufficiently prepared to handle a potential financial crisis.

  • WASHINGTON, March 26- Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis.

  • After-hours buzz: Citigroup, Paychex & More Wednesday, 26 Mar 2014 | 5:00 PM ET

    Paychex and Citigroup are in the news after the bell Wednesday

  • Federal Reserve on Wednesday rejected Citigroup's planned payout to shareholders because of shortcomings found in its annual check-up of the financial health of the country's biggest banks, the second time Citi was dealt a blow in the so-called stress tests.

  • WASHINGTON, March 26- The U.S. Federal Reserve on Wednesday objected to plans by Citigroup and four other banks to return capital to shareholders, saying it had uncovered deficiencies during an annual test of their financial robustness.

  • *Daily turnover of yuan in London around $15.6 bln. LONDON, March 26- Britain and China will sign an agreement next week to set up the first clearing service for renminbi trading outside Asia, putting London in a prime position to offer yuan trade business in Europe.

  • New payout could make more Madoff victims whole Tuesday, 25 Mar 2014 | 3:58 PM ET

    Victims of the Madoff Ponzi scheme could get back another $349 million under a proposal to a bankruptcy court Tuesday, CNBC's Scott Cohn reports.

  • *HSBC to review Bank of Cyprus restructuring options. *Bank of Cyprus looks at bonds to repay c. bank funds. NICOSIA, March 25- Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a "bad bank", chief executive John Hourican said.

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