ABN Amro nears deal to buy HSBC’s German private bank, Boersenzeitung says
Dutch bank ABN Amro (ABNd.AS),is seeking to further expand in Germany as it is nearing a deal to acquire HSBC’s (HSBA.L), wealth management unit in the country, newspaper Boersenzeitung reported on Friday, without specifying its sources. The takeover of the business, formerly known as Trinkaus & Burkhardt, could be announced over the next two to three weeks, […]
‘Sell in May and go away’ is a catchy adage, but probably not a good idea
For fans of seasonal trading patterns, April has been a real bummer. It’s not just that it has been a down month (down 3.0% for the S&P 500, breaking a 5-month win streak). It’s that April is supposed to be a strong month. It is traditionally the best month of the year for the Dow Industrials (average […]