The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

WireTap 1400 08/05/12

A round-up of the key stories across the specialist financial media, including news that a rebound in investment banking has allowed HSBC to beat expectations for its 1Q earnings

Investment bank, cost cuts help HSBC top forecasts

HSBC beat expectations with an underlying first-quarter profit of $6.8 billion, as Europe''s biggest bank saw a rebound in investment banking, growth in Asia and a fall in US bad debts.

Click here for the full story

US could make $15.1 billion on AIG bailout: GAO

Taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer American International Group, a congressional watchdog says.

Click here for the full story

Germany reports strong industrial rebound

Germany has reported a much stronger-than-expected rebound in industrial production, as its economy weathers the eurozone debt crisis better than most of its European rivals.

Click here for the full story

Spain readies new push to shore up banks

The Spanish government said on Monday it is preparing a rescue plan for Bankia SA, the country''s largest ailing bank, as part of a renewed drive to shore up its wobbly banking industry amid unprecedented economic crisis.

Click here for the full story

US stock futures drop as Greece searches for new regime

US stock-index futures declined as Greek political leaders struggled to form a government, raising concern that the Mediterranean nation might default on its debt as early as next month.

Click here for the full story

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree