HSBC Faces Penalty for Failing to Protect Customer Deposits
https://www.zacks.com/stock/news/2219783/hsbc-faces-penalty-for-failing-to-protect-customer-deposits?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2219783
Feb 01, 2024 - HSBC faces a fine of 57.4 million pounds by the BoE for serious failings in its measures to protect customer deposits over several years.
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Capital One (COF) Gets Victory in Lawsuit Filed by Cardholders
https://www.zacks.com/stock/news/2236122/capital-one-cof-gets-victory-in-lawsuit-filed-by-cardholders?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2236122
Mar 05, 2024 - A U.S. district judge dismisses lawsuit filed by cardholders against Capital One (COF), citing overcharging of customers on foreign currency related transactions.
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HSBC to Hire 50 Bankers to Serve Startups Via Venture Lending
https://www.zacks.com/stock/news/2239491/hsbc-to-hire-50-bankers-to-serve-startups-via-venture-lending?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2239491
Mar 12, 2024 - HSBC announces plans to hire 50 bankers to expand offerings and serve startups through venture lending. This strategic initiative will boost its market penetration to gain long-term business.
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HSBC Closes Sale of Canada Business to Royal Bank of Canada
https://www.zacks.com/stock/news/2248422/hsbc-closes-sale-of-canada-business-to-royal-bank-of-canada?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2248422
Apr 01, 2024 - HSBC completes the sale of its retail banking business in Canada. The deal will lead to a gain on sale of $4.9 billion in the first quarter of 2024. The company also plans to announce a special dividend.
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UBS Group (UBS) to Swap Stake in CS Securities in China
https://www.zacks.com/stock/news/2252802/ubs-group-ubs-to-swap-stake-in-cs-securities-in-china?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2252802
Apr 09, 2024 - UBS Group (UBS) is seeking to swap its holding in Credit Suisse Securities in order to gain the complete ownership of its joint venture UBS Securities in China.
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HSBC Wraps Up Sale of France-Based Retail Banking Business
https://www.zacks.com/stock/news/2204418/hsbc-wraps-up-sale-of-france-based-retail-banking-business?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2204418
Jan 02, 2024 - HSBC completes the divestiture of its French retail banking business. The company will continue to provide wealth and private banking businesses in the country.
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Mitsubishi UFJ's (MUFG) Nine Months Earnings Increase Y/Y
https://www.zacks.com/stock/news/2222038/mitsubishi-ufj-s-mufg-nine-months-earnings-increase-y-y?cid=CS-ZC-FT-analyst_blog|earnings_article-2222038
Feb 06, 2024 - Mitsubishi UFJ (MUFG) records a rise in gross profits, net fees and commissions as well as net trading profits in the first nine months of fiscal 2024.
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Citigroup (C) to Cut 10% Jobs in Its Wealth Segment in London
https://www.zacks.com/stock/news/2224144/citigroup-c-to-cut-10-jobs-in-its-wealth-segment-in-london?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2224144
Feb 09, 2024 - Citigroup (C) is planning to reduce 10% of its Wealth segment workforce in London, which will likely lower its expense base.
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Wells Frago's (WFC) 2016 Consent Order Terminated by OCC
https://www.zacks.com/stock/news/2227495/wells-frago-s-wfc-2016-consent-order-terminated-by-occ?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2227495
Feb 16, 2024 - Wells Frago (WFC) comes out of a legal hassle with the termination of the consent order imposed in 2016 relating to the fake account scandal. The order was uplifted by OCC.
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HSBC Gets Russia Unit Sale Approval, Paves Way for Full Exit
https://www.zacks.com/stock/news/2228687/hsbc-gets-russia-unit-sale-approval-paves-way-for-full-exit?cid=CS-ZC-FT-analyst_blog|company_news_-_finance_sector-2228687
Feb 20, 2024 - HSBC receives approval to sell its Russia unit to Expobank.
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