HSBC agrees to sell Greek equities brokerage
British banking group HSBC Holdings Plc (LON:HSBA) said it has sealed a deal to divest its Greek equities brokerage HSBC Securities SA to a group of investors led by the…
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Asia-Pacific stock markets rebound on G8 comments
Stock markets in Asia and Australia recovered slightly on Monday as G8 members, meeting over the weekend, said they would do everything in their power to avoid another full blown…
Dubai economy now on the up, say DED and HSBC Banking
Traditionally a treasure chest of good news for the financial and banking world, Dubai is boasting more positive data these days, according to reports by HSBC and Dubai Department of…
US-based online trading firms TradeKing and Zecco to merge operations
US online brokerages TradeKing and Zecco said that they had agreed to amalgamate their operations. The firms did not reveal the financial conditions of the transaction. The combed company will serve some…
HSBC agrees to sell Latin American operations to Columbia’s Banco GNB
British banking group HSBC Holdings Plc (LON:HSBA) announced it had agreed to sell its operations in Colombia, Peru, Uruguay and Paraguay to Colombian peer Banco GNB Sudameris SA, owned by…
Bank of England keeps interest rates at 0.5% and holds back from further QE
The Bank of England has maintained UK interest rates at 0.5% and also announced yesterday that it will not be extending its programme of quantitative easing (QE). Rates have been…
Dubai Islamic Bank reports an 11% increase in first quarter net profit
Dubai Islamic Bank booked a net profit of AED245m (USD66.7m/EUR50.4m) in the first three months of the year, up 11% from the AED222m recorded in the same period in 2011,…
Greek Tsakos Energy braves equity markets via book-runner Credit Suisse
Greek energy transportation group Tsakos Energy Navigation (NYSE:TNP) has decided to tap investors for fresh equity, despite continuing worries of the Greek economy and the European sovereign debt crisis, the…
Skilled workers needed in middle east banks could answer job cuts in UK
A demand for skilled banking staff is outstripping supply in banks within the Gulf Cooperation Council. The Gulf Cooperation Council (the political and economic alliance between Saudi Arabia, Kuwait,…
‘Loans’ dominate consumer online searches
Five of the ten most queried search terms used by UK consumers to find personal finance products online in January, were loan-related. This is according to the latest quarterly research,…
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