Financial News Wire

H&R BLOCK SUES HSBC’S U.S. UNIT OVER TAX REFUND LOANS

H&R Block sues HSBC’s U.S. unit over tax refund loans H&R Block Inc sued HSBC Bank USA, a unit of HSBC , alleging the bank breached a contract, which could stop the No. 1 U.S. tax preparer from offering refund anticipation loans, sending its shares down 12 percent to a year-low. Read more on Reuters [...]

DUBAI HOLDING UNIT DELAYS LOAN REPAYMENT AGAIN

Dubai Holding unit delays loan repayment again * Repayment of 5 mln loan extended to Nov. 30 Read more on Reuters via Yahoo! Asia News China Regulator to Require 2.5% Loan-Loss Reserves, Guosen Says China’s banking regulator is drafting a plan requiring banks to maintain loan-loss reserves equivalent to 2.5 percent of total lending, according [...]