All Entries Tagged With: "HSBC"
Goldman Sachs sends HSBC tumbling, Barclays follow
HSBC (HSBA.L) stocks tumbled 4.8 percent after Goldman Sachs downgraded the largest bank in Europe from “neutral” to “sell” and slashed its target price from 950 to 650, making HSBC one of the biggest decliners on the FTSE 100 along with Barclays.
Goldman Sachs report on European banks stated that recent action’s by policymakers
HSBC London: Head of currency strategy comments on US election
The US presidential race is being ignored by many investors who are more concerned about the financial markets and believe that if it be Barack Obama or John McCain who sit in the white house both of them would work to rescue the ailing economy according to a strategist at HSBC Holdings Plc.
The global head [...]
October 28: Consumer Confidence drops
Ian Morris from HSBC talks of how America have hit an all-time low in Consumer Confidents. With October seeing a massive decline to 38 (mkt) which is the lowest reading on Consumer Confidents since series began in 1967.
Jobs hard to get index surged and jobs plentiful index was hit, which leads us to believe the [...]
Stock Loses: RBS, Abbey, HSBC and Prudential
The FTSE-100 index lost 5 percent or 204.47 point to land on 3,883.36, the FTSE All-Share index also lost 5 percent at the end of last week’s trade. As investors are poised to see what happens in the stock markets this week, here is a quick overview of Royal Bank of Scotland (RBS), HSBC and [...]
FTSE-100 tumbled: Vodafone and RBS most traded stocks
After a positive three days the FTSE-100 index slumped today closing 1.24 percent down or 52.94 points to 4,229.73. Although at one stage today it saw a rise of 1.5 percent.
However the news warning that America is already facing recession sent British stocks down again. Ireland’s ISEQ index gained 4.8 percent whilst the FTSE [...]
HSBC Helps Bank Ekonomi Shares Increase in Value
Shares soared in Ekonomi Raharja the Indonesian lender who lends to restaurants and traders, the shares shot up on news that HSBC Holdings PLC agreed to buy a controlling stake in the business for a 29 percent premium.
HSBC which are Europe’s largest bank by market value will pay $607.5 million in cash for 88.9 percent [...]
HSBC beats other banks with a SVR at 6.25 percent
HSBC Bank PLC branded the world’s local bank made announcements yesterday that it will continue being the market leader with its Standard Variable mortgage rate 6.25 percent.
Immediately after the Bank of England decision to cut the base rate by 0.5 percent on the October HSBC follower by cutting its rate on its tracker mortgage by [...]
HSBC: tracker mortgage rate at 5.44 percent
As some mortgage lenders withdrew their tracker rate mortgages prompted by the Bank of England base cut last week the good tracker deals are few and far between, with HSBC coming out on top with the best variable tracker rate currently on offer for
Increase in profits on finacial products for British Banks
Although banks in Britain may have been hit heavily with global losses in their billions, they have managed to make more money on financial products such as mortgages and