HSBC Bank the leader in CD Rates

The best HSBC Bank CD rates today update has not radically changed, but the ownership of the New York upstate branch offices is in the process of changing. First Niagara Bank has agreed to purchase 195 HSBC branch offices for an estimated $1 billon.

While HSBC will still be keeping their commercial and corporate banking, the retail market in the US is no longer part of their core business. The branch offices in Connecticut and New Jersey are also to be consolidated by early 2012.

For those New Yorkers that have been investing money in the HSBC bank CD rates and other deposits, the money is still safe, just changing guardianship. This is all to come about in the next 6 weeks or so if regulatory approval is given.

This change will not immediately change the certificates of deposits or other services that HSBC has been conducting, but changes are inevitable since a new corporation will be taking over. This change is being done so HSBC can concentrate their core business in the emerging Asian market. (more…)

How to Speculate on the FTSE 100

The FTSE 100 is a share index comprising the 100 most capitalised companies on the London Stock Exchange. As such, it gives a fairly accurate reflection of what is happening to the LSE on any given day. The FTSE started in 1984 with a base level of 1,000 and the highest level it has reached to date, was 6,950 on 30th December 1999. After that the FTSE dropped to 3,277 in March 2002 before climbing up to 6,754 in June 2007. In March 2009 the FTSE 100 hit a low of 3,457 and then rose to 6,137 in May 2011.

One possible way to speculate on the FTSE 100 would be by signing up for an online spread betting account. This way, while you would not actually be buying any of the shares on the index, you would still have the opportunity to make the same profits and losses as you would if you actually owned them. (more…)

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