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<title><![CDATA[RSS for HSBC Bank]]></title>
<description><![CDATA[Watch breaking news videos and read news updates about HSBC Bank on FOXBusiness.com.]]></description>
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<title><![CDATA[U.S. Cites Bank of Montreal for Money-Laundering Weakness]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/17/us-cites-bank-montreal-for-money-laundering-weakness/?]]></link>
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<pubDate><![CDATA[Fri, 17 May 2013 12:45:19 EDT]]></pubDate>
<description><![CDATA[U.S. regulators Friday ordered Bank of Montreal (BMO), the eighth-largest bank in North America by assets, to strengthen its anti-money-laundering programs, citing deficiencies in its U.S. subsidiary's efforts at risk management and compliance with the Bank Secrecy Act.]]></description>
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<title><![CDATA[LONDON MARKETS: Banks Lift U.K. Stocks To 51/2-year High]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/17/london-markets-banks-lift-uk-stocks-to-512-year-high/?]]></link>
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<pubDate><![CDATA[Fri, 17 May 2013 12:26:03 EDT]]></pubDate>
<description><![CDATA[U.K.'s benchmark was back on a strong footing on Friday, after breaking a 10-day winning streak the prior day, with banks advancing after a broker upgrade and oil firms showing positive moves.]]></description>
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<title><![CDATA[Fitch Affirms Ratings on 12 Global Banks]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/fitch-affirms-ratings-on-12-global-banks/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 17:25:08 EDT]]></pubDate>
<description><![CDATA[Fitch Ratings affirmed its credit ratings on 12 global banks as part of a periodic review, while raising its viability rating on Bank of America Corp. (BAC) on the "substantial progress" the Charlotte, N.C., bank has made in the past year in resolving some of its legacy issues.]]></description>
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<title><![CDATA[LONDON MARKETS: FTSE 100 Ends 10-day Winning Streak]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/london-markets-ftse-100-ends-10-day-winning-streak/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 12:11:26 EDT]]></pubDate>
<description><![CDATA[The U.K.'s benchmark index ended a 10-day winning streak on Thursday, hurt by oil stocks declining in the wake of a European Commission probe into alleged oil-price fixing.]]></description>
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<title><![CDATA[EUROPE MARKETS: Europe Stocks Bruised By U.S. Data]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/europe-markets-europe-stocks-bruised-by-us-data/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 11:57:19 EDT]]></pubDate>
<description><![CDATA[Disappointing U.S. jobs, manufacturing and housing data hit European stock markets on Thursday, as investors worried the world's largest economy isn't recovering at the expected pace.]]></description>
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<title><![CDATA[Analysis: Consumer stocks shine in emerging market profit gloom]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/analysis-consumer-stocks-shine-in-emerging-market-profit-gloom426627/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 09:42:01 EDT]]></pubDate>
<description><![CDATA[A broad collapse of company profits in the developing world shows no sign of abating, forcing investors to tilt portfolios towards sectors such as healthcare or consumer goods where margins are more robust.]]></description>
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<title><![CDATA[Euromoney Revenue Falls as Finance Companies Cut Advertising Spend]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/euromoney-revenue-falls-as-finance-companies-cut-advertising-spend/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 08:10:21 EDT]]></pubDate>
<description><![CDATA[Financial information publisher Euromoney Institutional Investor PLC (ERM.LN) Thursday reported a fall in revenue for the six months to March 31 as financial institutions held off advertising in its magazines amid tough economic conditions.]]></description>
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<title><![CDATA[EUROPE MARKETS: Europe Stocks Retreat From Multiyear Highs]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/europe-markets-europe-stocks-retreat-from-multiyear-highs/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 06:20:33 EDT]]></pubDate>
<description><![CDATA[European stock markets mostly moved lower on Thursday, as investors stopped for a breather after major indexes reached multiyear highs the prior day, largely ignoring better-than-expected growth data from Japan.]]></description>
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<title><![CDATA[LONDON MARKETS: FTSE 100 Flirts With 11th-straight Day Of Gains]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/london-markets-ftse-100-flirts-with-11th-straight-day-gains/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 05:49:54 EDT]]></pubDate>
<description><![CDATA[U.K.'s benchmark stock index nudged toward an 11th straight day of gains on Thursday, after a well-received earnings report from insurer Aviva PLC and network news for Vodafone Group PLC provided support.]]></description>
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<title><![CDATA[Hong Kong Stocks Fall On Bank, Oil Shares; HSBC Up]]></title>
<link><![CDATA[http://www.foxbusiness.com/markets/2013/05/15/hong-kong-stocks-fall-on-bank-oil-shares-hsbc-up/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 21:51:00 EDT]]></pubDate>
<description><![CDATA[Hong Kong stocks fell early Thursday as concerns about Chinese economic growth weighed on oil producers and mainland banks, although gains for heavyweight HSBC Holdings PLC and internet major Tencent Holdings Ltd. provided some support.]]></description>
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<title><![CDATA[LONDON MARKETS: FTSE 100 Gains For 10th Straight Day]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/london-markets-ftse-100-gains-for-10th-straight-day/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 12:09:47 EDT]]></pubDate>
<description><![CDATA[London's benchmark stock index rose for a 10th straight trading session Wednesday, after the Bank of England said it has become more upbeat about the U.K.'s growth prospects.]]></description>
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<title><![CDATA[EUROPE MARKETS: European Stocks Rise With GDP Reports In Focus]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/europe-markets-european-stocks-rise-with-gdp-reports-in-focus/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 11:55:34 EDT]]></pubDate>
<description><![CDATA[European stock markets climbed to multiyear highs on Wednesday, as weak growth reports from the euro zone raised hopes the European Central Bank would consider more measures to help boost the sluggish economy.]]></description>
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<title><![CDATA[LONDON MARKETS: FTSE 100 Eyes 10th Day Of Gains As EasyJet Rallies]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/london-markets-ftse-100-eyes-10th-day-gains-as-easyjet-rallies/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 11:00:23 EDT]]></pubDate>
<description><![CDATA[London's benchmark stock index was on track for a tenth straight day of gains on Wednesday, after the Bank of England said it has become more upbeat on the U.K.'s growth prospects.]]></description>
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<title><![CDATA[HSBC may cut 14,000 more jobs as revenue faces pressure]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/hsbc-may-cut-14000-more-jobs-as-revenue-faces-pressure/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 10:06:08 EDT]]></pubDate>
<description><![CDATA[HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.]]></description>
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<title><![CDATA[EUROPE MARKETS: Europe Stocks Rise With GDP Data In Focus]]></title>
<link><![CDATA[http://www.foxbusiness.com/fb3/2013/05/15/europe-markets-europe-stocks-rise-with-gdp-data-in-focus/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 10:02:16 EDT]]></pubDate>
<description><![CDATA[European stock markets extended gains on Wednesday, as weak growth data from the euro zone raised hopes the European Central Bank would consider more measures to help boost the sluggish economy.]]></description>
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<title><![CDATA[CEO of SocGen Russia unit held over suspected kickbacks]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/ceo-socgen-russia-unit-held-over-suspected-kickbacks/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 08:37:21 EDT]]></pubDate>
<description><![CDATA[The chief executive of Societe Generale's Russian unit was detained on Wednesday on suspicion of taking bribes, dealing a blow to one of the few foreign banks that has dared to challenge Russia's dominant state banks.]]></description>
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<title><![CDATA[HSBC May Cut 14K Jobs in Cost-Cutting Effort]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/05/15/hsbc-may-cut-14k-jobs-in-cost-cutting-effort/?]]></link>
<guid>http://www.foxbusiness.com/industries/2013/05/15/hsbc-may-cut-14k-jobs-in-cost-cutting-effort/</guid>
<pubDate><![CDATA[Wed, 15 May 2013 07:13:10 EDT]]></pubDate>
<description><![CDATA[Europe's biggest bank could slash up to 14,000 jobs as it looks to shed $3 billion in costs by 2016 amid sluggish growth outside the Asia region.]]></description>
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<title><![CDATA[UK banks avoid investigation by competition authority]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/uk-banks-avoid-investigation-by-competition-authority/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 06:43:41 EDT]]></pubDate>
<description><![CDATA[Britain's biggest banks were spared a full-blown inquiry into the personal current account market after the consumer watchdog said changes already being implemented could stimulate competition in the industry.]]></description>
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<title><![CDATA[Severn Trent Rejects Consortium Takeover Offer]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/severn-trent-rejects-consortium-takeover-offer/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 04:05:09 EDT]]></pubDate>
<description><![CDATA[Water utility Severn Trent PLC (SVT.LN) said Wednesday it has rejected a takeover approach from a consortium of multinational funds after they offered only a modest premium to the company's share price at a meeting Tuesday.]]></description>
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<title><![CDATA[HSBC says will be challenge to hit RoE target this year]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/15/hsbc-says-will-be-challenge-to-hit-roe-target-this-year/?]]></link>
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<pubDate><![CDATA[Wed, 15 May 2013 02:58:13 EDT]]></pubDate>
<description><![CDATA[HSBC said hitting its profitability target this year will be a challenge as the run-off of its U.S. loan book remains a drag, but it said it would stick with its goal to get return on equity (RoE) over 12 percent.]]></description>
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