Markets

Sector Update: Financial

Financial shares were mixed in pre-market trade Monday after week China factory data and as investors brace for more signals from the Federal Reserve regarding interest rates hikes.

In financial stocks news, Hudson City Bancorp, Inc. ( HCBK ) said late Friday that Denis J. Salamone was appointed Chief Executive Officer of the company and its wholly-owned subsidiary, Hudson City Savings Bank, effective immediately in accordance with the company's plan of succession. Salamone succeeds Ronald E.

Hermance, Jr. who passed away unexpectedly Thursday.

Salamone has served as president and chief operating officer of the company and the bank since December 2010, and served as Acting Chairman of the board and Chief Executive Officer of the company and the bank during Hermance's medical leave of absence in 2012.

And, The Federal Housing Finance Agency and HSBC Holdings plc ( HSBC ) said they have reached a settlement over claims stemming from the purchase of residential mortgage-backed securities sold by the London-based bank's North American subsidiary during the run-up to the 2008 financial crisis, with HSBC agreeing to pay $550 million.

HSBC was up 0.02% in pre-market trade.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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