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Stocks HSBC Holdings PLC

  • The HSBC logo is displayed on the exterior of an HSBC bank branch March 2, 2009 in San Francisco, California. After taking a financial hit with sub-prime mortgage-backed securities, HSBC Holdings PLC reported that due to a 70 percent drop in 2008 net profits it plans to slash 6,100 jobs and close its consumer loan business in the U.S.

    HSBC Holdings said on Monday it will likely face criminal or civil charges from an expanding investigation into its ties to allegedly illegal money transactions, including some tied to Iran.

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    Take a look at some of Monday morning's early movers:

  • HSBC

    HSBC is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.

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    HSBC Economist Stephen King says the growing likelihood of further quantitative easing (QE) in the U.S., contrasting with real efforts to slash budget deficits in Europe, suggests the single currency will come out stronger in the medium term.

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    These strategists say the Australian and New Zealand dollars could be headed for a fall.

  • China

    Emerging markets are well placed to weather the storm of the sovereign debt crisis currently engulfing the euro zone, and emerging economies are expected to grow by 5.3 percent this year and 6.1 percent in 2013, Pablo Goldberg, global head of Emerging Markets Research at HSBC, wrote in a report.

  • Australia beat out the United States and Singapore to take top place among expatriates as an ideal residence for quality of life and career prospects, according to an international survey released on Thursday.

  • All Business Is Local by John A. Quelch and Katherine E. Jocz

    Building on the theme that “all politics is local,” marketing experts John A. Quelch and Katherine E. Jocz explore how dozens of international companies are using a local-focused strategy and turning global brands into leading local brands.

  • Private antitrust litigation pitting some five million retailers against several large banks has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multibillion-dollar shock to bank bulls in the coming months, TheStreet.com reports.

  • Downsizing

    Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.

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    Capital One is a top pick among bank stocks for 2012, with continued strength in earnings and a historically low valuation to forward earnings estimates and book value. TheStreet.com compares the company with four U.S. bank holding companies.

  • Big Ben

    A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.

  • Two women look at a jewelry display in a luxury shopping mall in Shanghai. Following in the footsteps of Japan, China has become the world's second-largest consumer of high-end fashion, accessories and luxury goods.

    Chow Tai Fook Jewelery has been forced to slash the size of its planned Hong Kong listing because of market volatility but still hopes to raise up to $3 billion next month, according to people close to the deal, which could be the city’s largest initial public offering this year.  The FT reports.

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    I had been wondering how on earth European banks were going to be able to raise enough capital to meet new regulatory requirements.

  • Stocks plunged sharply to log their worst day in six weeks Wednesday as investors were rattled by fears over the euro zone crisis.

  • Futures declined sharply Wednesday as a spike in Italian bond yields to a euro era record spooked investors and amid uncertainty whether a new government in Italy can tackle the nation's debt crisis.

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    Investors need a strong stomach to invest in UK bank stocks. In recent years they have displayed considerable levels of volatility that cannot be wholly explained by the fundamentals of the individual banks. In fact, bank stocks are now arguably the most effective barometer available to measure risk appetite.

  • HSBC

    HSBC customers are reporting that they are unable to access their cash.

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    Banks are shedding jobs worldwide as stricter regulations and a tough second quarter for trading income take their toll on investment banking units in particular.

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    Moody’s downgrade of 12 British banks last week is irrelevant to the current  state of the UK banking sector, analysts told CNBC.com, adding that hell has a better chance of freezing than any British bank failing.