Industry News

HSBC profits rise despite $3.2 bln subprime hit - AFP - Mon 12 May, 01:13 PM
Global bank HSBC said Monday that first-quarter profits climbed, despite taking a 3.2-billion-dollar (2.07-billion-euro) hit from its exposure to the US subprime housing market slump.

Northern Rock sees increase in arrears - ShareCast - Mon 12 May, 11:43 AM
Northern Rock reported an increase in arrears but said that solid progress has been made against its business plan.

HSBC Q1 profit up, bad debts rise - ShareCast - Mon 12 May, 11:12 AM
A strong performance in Asia has helped HSBC report first-quarter profits ahead of last year's, despite a further $2.6bn in credit crunch-related write-downs and a $3.2bn impairment charge.

HSBC profits rise despite $3.2 bln write-off - AFP - Mon 12 May, 10:37 AM
Global bank HSBC said Monday that first-quarter profits climbed, despite writing off an additional 3.2 billion dollars (2.07 billion euros) from its exposure to the US subprime housing market slump.

Northern Rock says savings recover but arrears rise - Reuters - Mon 12 May, 10:20 AM
Mortgage bank Northern Rock, nationalised in February, said it gathered more savings in the first quarter and reported modest mortgage lending, though arrears were up and the outlook remains "highly uncertain".

HSBC says profit up but bad debts jump - Reuters - Mon 12 May, 09:52 AM
Europe's biggest bank HSBC Holdings <HSBA.L> said its profit in the first quarter was ahead of a year earlier as growth in Asia and elsewhere helped counter another big hit for bad debts on U.S. home loans.

Northern Rock says savings recover but arrears up - Reuters - Mon 12 May, 09:47 AM
Mortgage bank Northern Rock, nationalised earlier this year, said retail savings balances improved in the first quarter and reported modest mortgage lending, though arrears were up and the outlook for the UK market remains "highly uncertain".

HSBC says profit up on year - Reuters - Mon 12 May, 09:36 AM
Europe's biggest bank HSBC Holdings <HSBA.L> said its profit in the first quarter was ahead of a year earlier as growth in Asia and elsewhere helped counter another big hit for bad debts on U.S. home loans.

Week ahead: HSBC, Wolseley, Land Securities, Enterprise Inns - ShareCast - Fri 09 May, 01:06 PM
The banking sector and property-related stocks have been among the main victims of the credit crunch, so trading statements from HSBC and building supplies group Wolseley will be closely watched Monday.

Northern Rock investors start legal action 03:54 PM [ Reuters]
HSBC admits losing data of 159,000 account holders 03:03 PM [ Reuters]
Barclays cuts 1,000 jobs at Goldfish unit 05:02 PM [ Reuters]
Shame On Northern Rock! 02:22 PM [ Fool.co.uk]
Standard Chartered shrugs off crunch concerns 12:44 PM [ ShareCast]

Wednesday tips round-up: Lloyds TSB, Tullow Oil, 07:05 AM [ ShareCast]
HSBC Bank Canada profit rises 05:47 PM [ Reuters]
Lloyds TSB takes small hit from credit crunch 01:15 PM [ AFP ]
Update: Writedown hits profits at Lloyds TSB 01:07 PM [ ShareCast]

Lloyds TSB says H1 on track despite writedown 08:56 AM [ Reuters]
Lloyds TSB says H1 on track 07:50 AM [ Reuters]
Lloyds TSB 'on track' despite £387m hit 07:50 AM [ ShareCast]
Buffett's Berkshire to look at RBS insurance unit 03:03 AM [ Reuters]
Bankinter seeks to buy RBS out of Spanish JV 02:20 PM [ Reuters]

Barclays reportedly eyes possible Korea investor 02:09 PM [ Reuters]
Barclays could need £3bn rights says broker 05:35 PM [ ShareCast]
Barclays COO's exit stokes talk of tension at top 03:34 PM [ Reuters]
Brokerage says Barclays to take 3 billion pound in writedowns 02:06 PM [ Reuters]
Barclays operating chief departs 12:50 PM [ ShareCast]

Texas Pacific eyes RBS insurance arm 12:29 PM [ ShareCast]
TPG considers bid for RBS insurance arm 11:08 AM [ Reuters]
Police probe fraud at HSBC 04:30 PM [ Reuters]
Northern Rock sets about jobs cull 03:03 PM [ ShareCast]
RBS rights issue shares to trade May 15 10:36 AM [ Reuters]

RBS cuts mortgage rates to lure customers 06:22 PM [ Reuters]
Alliance & Leicester chairman dies 12:20 PM [ ShareCast]
Broker snap: HSBC confident on BlueBay 11:54 AM [ ShareCast]
HSBC extends deadline for six-billion-dollar SKorea bank deal 11:02 AM [ AFP ]
HSBC-Lone Star extends KEB deal deadline 10:27 AM [ Reuters]

HSBC, Lone Star extend deadline for Korea bank deal 10:21 AM [ AFP ]
RBS to axe up to 7,000 jobs 07:17 PM [ Reuters]
RBS set to cut thousands of jobs 03:18 PM [ ShareCast]
RBS signals job cuts in wake of ABN Amro takeover 02:24 PM [ AFP ]

RBS to cut 7,000 jobs in ABN Amro shake-up: report 10:24 AM [ AFP ]
RBS seen axing 7,000 jobs 07:14 AM [ Reuters]
Sunday tips round-up: RBS, Moneysupermarket.com, Connaught 11:17 AM [ ShareCast]
Generali may be interested in RBS units 04:08 AM [ Reuters]
Generali could be interested in RBS units 09:48 PM [ Reuters]

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