hsbc

Britain's largest bank HSBC has set aside an extra $800m to cover settlements for breaching anti money-laundering rules in the US.

HSBC is to convert its whole-of-market advisory proposition into a restricted advice model next year, Investment Week understands.

PASSIVES

THE BIQ QUESTION

Over the last three months, UK bank shares have enjoyed a strong rally, helped by the ECB's and US Federal Reserve's liquidity moves.

BENCHMARKS

Richard Colwell, manager of the Threadneedle UK Equity Income fund, discusses the current state of the UK market and the outlook for the next 12 months.

Investec's stockpicking veteran Alastair Mundy has bought into Royal Bank of Scotland after a change of sentiment towards elements of the UK's beaten-up banking sector.

Bruce Stout, manager of Murray International Trust, examines how companies in Europe, Asia and Latin America are changing their attitudes towards equity income investors.

UK BANKS