Economy

News Roundup: HSBC sells Latin ops; Fannie gains in Q1

HSBC to sell Latin America operations HSBC may sell operations in several Latin American countries; the move lets the company focus on core markets. Units being considered for sale are in Colombia, Peru, Uruguay and Paraguay. The bank provided no timeline for the potential divestments. Hedge fund managers bound to slip up The U.S. economy […]

By Staff |May 10, 2012

1 min read

Spain to bail out failing bank

Not content with its current fiscal and economic woes, the government of Spain is expected to set fire to as much as €10 billion by taking a large stake in Bankia SA.

By Staff |May 9, 2012

1 min read

Europe recovery to remain difficult

The results of the French election offer some hope for investors, according to Peter Drake, vice-president, retirement and economic research, for Fidelity Investments Canada.

By Staff |May 9, 2012

2 min read

Downgrade will severely impact Morgan Stanley

Morgan Stanley says it will need an extra $7.2 billion of securities and other collateral if it's downgraded by Standard & Poor's and Moody's.

By Staff |May 8, 2012

1 min read