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.
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.
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.
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.
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.
