http://www.lse.co.uk/ HSBA Financial Share News Feed - London South East en-us Thu, 23 May 2013 20:09:06 GMT 2007 London South East http://www.lse.co.uk/rss/ 15 By Laurence Fletcher LONDON, Feb 21 (Reuters) - HSBC's asset management arm is to shut down an India-focused hedge fund run by high-profile manager Sanjiv Duggal, in spite of strong returns last year, after cash withdrawals from investors. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=hg8nlo9fu9r43v6 Fri, 22 Feb 2013 10:26:16 GMT Feb 22 (Reuters) - HSBC Holdings PLC: * Credit Suisse raises target price to 760p from 750p; rating outperform http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=8caem4oy2juuwih Fri, 22 Feb 2013 08:51:19 GMT Feb 22 (Reuters) - HSBC Holdings PLC: * Nomura raises target price to 900p from 730p; rating buy http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=n9m9zhr19lne4gp Fri, 22 Feb 2013 07:23:32 GMT By Lawrence White HONG KONG, Feb 1 (Reuters) - China has approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, allowing completion of the biggest equity purchase in the country by a foreign investor. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=iqmab4c82g4bpyr Fri, 01 Feb 2013 12:56:24 GMT LONDON, Feb 1 (Reuters) - HSBC Holdings PLC: * Appointment of group head of internal audit http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=zcu6vrut7p89fr1 Fri, 01 Feb 2013 12:51:20 GMT By Lawrence White HONG KONG, Feb 1 (Reuters) - China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=44u0isxkpbqgz0c Fri, 01 Feb 2013 11:11:44 GMT (The following statement was released by the rating agency) Feb 01 - The costs for redress of the mis-selling of interest-rate hedging products (IRHP) should be manageable for UK banks but will dent their net earnings prospects in the short- to medium-term, Fitch Ratings says. It is di http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=fe9e2irwrs8orca Fri, 01 Feb 2013 11:04:01 GMT LONDON, Feb 1 (Reuters) - HSBC Holdings said Thailand's CP Group had paid $7.4 billion in cash for the second tranche of HSBC's shares in Chinese insurer Ping An after it received regulatory approval on Friday. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=9t8xztej49a97m0 Fri, 01 Feb 2013 10:55:15 GMT HONG KONG, Feb 1 (Reuters) - China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=117a8i6u7yu1iw9 Fri, 01 Feb 2013 10:40:52 GMT Feb 1 (Reuters) - : * HSBC Holdings : Citigroup cuts to neutral from buy * HSBC Holdings : Citigroup raises target price to 770p from 680p http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=vee9w07ib2y7qik Fri, 01 Feb 2013 08:29:25 GMT MEXICO CITY, Jan 31 (Reuters) - HSBC is giving its Mexican unit a $500 million capital injection to increase lending in Latin America's second-biggest economy, the bank said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=38et4318vz6kjj1 Thu, 31 Jan 2013 18:30:01 GMT LONDON, Jan 31 (Reuters) - The bosses of HSBC, Barclays and Lloyds have been called to testify before UK lawmakers next week as an inquiry into standards in banking intensifies after a string of scandals. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=ixnx57vnhqx4as3 Thu, 31 Jan 2013 18:22:41 GMT By Emily Stephenson WASHINGTON, Jan 31 (Reuters) - U.S. lawmakers on Thursday asked bank regulators to turn over documents related to the $8.5 billion settlement that ended a government-mandated review of crisis-era foreclosures, saying transparency was needed to boost confidence in the s http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=7w09sa92zcqe67u Thu, 31 Jan 2013 16:59:12 GMT MEXICO CITY, Jan 31 (Reuters) - HSBC will give its Mexican unit a $500 million capital injection to increase lending in Latin America's second-biggest economy, the bank said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=qkpn17xbq2cgbu6 Thu, 31 Jan 2013 16:04:42 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=t2ex539wi1ea0li Thu, 31 Jan 2013 15:34:04 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=9hhb9qo1rdncrr7 Thu, 31 Jan 2013 12:48:48 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after a study found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=iuxb9mkzequd7di Thu, 31 Jan 2013 10:20:55 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could again total billions of pounds after a study of interest rate hedging products sold to small firms found the vast majority were mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=wytbvfhp8yo1yop Thu, 31 Jan 2013 08:21:08 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - A pilot study of interest rate hedging products sold to small British firms found over 90 percent had been mis-sold by banks, the financial regulator said. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=4q3bw17lsw3sdzu Thu, 31 Jan 2013 07:50:15 GMT LONDON, Jan 31 (Reuters) - Britain's financial regulator said on Thursday the results of a study into the sale of complex interest rate hedging products to small firms by banks had found that the vast majority had been mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=1rsgtmdpx1hytso Thu, 31 Jan 2013 07:33:42 GMT LONDON, Jan 31 (Reuters) - Britain's financial regulator said on Thursday the results of a study into the sale of complex interest rate hedging products to small firms by banks had found that the vast majority had been mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=1yjp00sdhjrnb3u Thu, 31 Jan 2013 07:31:51 GMT By Aruna Viswanatha WASHINGTON, Jan 30 (Reuters) - The head of the U.S. Justice Department's criminal division, who has shouldered much of the blame for bringing few cases related to the financial crisis, but who also led the unit to record settlements, will step down on March 1. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=tt3l7rsnzwqsnri Wed, 30 Jan 2013 21:50:22 GMT WASHINGTON, Jan 30 (Reuters) - The head of the U.S. Justice Department's criminal division, who has shouldered much of the blame for bringing few cases related to the financial crisis, but who also led the unit to record settlements, will step down on March 1. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=pfjambblln8pp1d Wed, 30 Jan 2013 17:02:22 GMT WASHINGTON, Jan 30 (Reuters) - Lanny Breuer, the head of the Justice Department's criminal division, plans to step down on March 1, according to an internal memo. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=22yadr5q24f3i2d Wed, 30 Jan 2013 14:48:32 GMT By Steve Slater LONDON, Jan 30 (Reuters) - HSBC is hiring a former U.S. deputy attorney general with a background in fighting drug cartels to help the global bank avoid a repeat of lapses in its anti-money-laundering controls that led to a $1.9 billion fine. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=bd8prj2ki582fv6 Wed, 30 Jan 2013 13:24:50 GMT DUBAI, Jan 30 (Reuters) - Kingdom Holding Co, the international investment firm of Saudi billionaire Prince Alwaleed bin Talal, has formed a sharia board of prominent scholars in order to raise more of its funding through Islamic finance. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=437cxlqlxzz7te6 Wed, 30 Jan 2013 11:27:37 GMT LONDON, Jan 30 (Reuters) - HSBC said it had set up a new board committee to improve risk management, combat financial crime and help it simplify its business activities. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=x3rs0hsyzl26516 Wed, 30 Jan 2013 11:14:05 GMT HONG KONG, Jan 30 (Reuters) - Air China Ltd sent out a request for proposals last week for aircraft financing of at least $1.0 billion, sources said. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=9mu8es9q3ouxtip Wed, 30 Jan 2013 09:08:30 GMT DUBAI, Jan 30 (Reuters) - HSBC Bank Oman, formed last year by a merger of HSBC's Oman unit and Oman International Bank, posted a 62.7-percent slump in 2012 net profit, the bank said in a statement on Wednesday, hurt by integration costs and bad loans. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=f6jo5h8q79cu6dj Wed, 30 Jan 2013 06:41:32 GMT WASHINGTON, Jan 29 (Reuters) - Two U.S. senators on Tuesday questioned whether the Justice Department has been aggressive enough in prosecuting misconduct at the largest banks and asked the department to turn over information on how it determines punishments. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=ity1jxohpxjaesm Wed, 30 Jan 2013 01:35:48 GMT WASHINGTON, Jan 29 (Reuters) - Two U.S. senators on Tuesday questioned whether the Justice Department has been aggressive enough in prosecuting misconduct at the largest banks and asked the department to turn over information on how it determines punishments. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=mbtrqwsuhg50xuw Tue, 29 Jan 2013 20:00:31 GMT DUBAI, Jan 29 (Reuters) - Saudi Arabian Mining Company (Maaden) aims to complete the financing for a $7 billion phosphate project by the end of the year, a senior executive at the firm said on Tuesday. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=opmgdsyt39j9yr1 Tue, 29 Jan 2013 16:07:23 GMT Jan 28 (Reuters) - AIG: * Announces exclusive distribution relationship with HSBC in Turkey and France http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=0zlb6yyhpy8dxs9 Mon, 28 Jan 2013 17:19:08 GMT Jan 28 (Reuters) - : * Royal Bank of Scotland: Goldman Sachs cuts to sell from neutral; raises price target to 340p from 325p http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=hygahjzm91itvqe Mon, 28 Jan 2013 15:14:36 GMT (The following statement was released by the rating agency) Jan 28 - Fitch Ratings says that negative rating potential for banks is highest in the developed markets (DM) with combined Negative Outlooks and Rating Watch Negative (RWN) representing 27% of global bank ratings, far high http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=lzgc3v229wf4y9v Mon, 28 Jan 2013 12:09:45 GMT (The following was released by the rating agency) Link to Fitch Ratings' Report: Changing Landscape for Hong Kong Banks http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=698452 http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=0swmzoqm1bskiwr Mon, 28 Jan 2013 03:05:44 GMT SHANGHAI, Jan 28 (Reuters) - China will kick off cross-border yuan lending in a pilot zone near Hong Kong on Monday, when eight to 10 Hong Kong-based banks sign agreements for yuan loans to mainland Chinese firms for the first time, the official Shanghai Securities News reported. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=v32owbxqqf7h7cz Mon, 28 Jan 2013 01:27:33 GMT LONDON, Jan 27 (Reuters) - Sunday Times BARCLAYS PLANS NEW CAPITAL RAISING Barclays, Britain's No.2 bank, is planning to raise http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=mlh5ah8nxe26oml Sun, 27 Jan 2013 16:49:36 GMT LONDON, Jan 25 (Reuters) - British banks should simplify charges for overdrafts to help make the chequing account market more competitive by allowing people to decide easily who offered best value, Britain's consumer watchdog said. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=otqp6bow10dm05l Fri, 25 Jan 2013 09:54:39 GMT LONDON, Jan 24 (Reuters) - HSBC, Europe's biggest bank, has hired former Nomura deal-maker William Barter as the head of UK for global banking, it said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=ez4s3yc5u95n9kt Thu, 24 Jan 2013 17:18:04 GMT By Laura Noonan LONDON, Jan 24 (Reuters) - Banks in Spain, Italy, Ireland and Britain need to set aside much more money to cover potentially bad loans, credit ratings agency Moody's said on Thursday, meaning European taxpayers may again be tapped for cash. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=kbkpzgb8ovbfcnx Thu, 24 Jan 2013 12:18:17 GMT By Laura Noonan LONDON, Jan 24 (Reuters) - British banks could be underestimating the riskiness of their property loans and may need more capital to correct this, ratings agency Fitch said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=xqhf9rpwf1dlqh8 Thu, 24 Jan 2013 10:33:50 GMT LONDON, Jan 24 (Reuters) - British banks could be underestimating the riskiness of their property loans and may need more capital to correct this, ratings agency Fitch said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=4yh519kh4e2sks7 Thu, 24 Jan 2013 09:32:27 GMT By Alexander Smith DAVOS, Switzerland, Jan 23 (Reuters) - Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still don't trust them. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=ct7pzr5un3fypm5 Thu, 24 Jan 2013 08:51:11 GMT HONG KONG, Jan 24 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=wwe5bvgstp6napl Thu, 24 Jan 2013 02:39:55 GMT By Alexander Smith DAVOS, Switzerland, Jan 23 (Reuters) - Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still don't trust them. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=oabde5mvyek1haa Wed, 23 Jan 2013 20:45:26 GMT Jan 23 (Reuters) - Jones Lang LaSalle: * Hsbc assigns Jones Lang LaSalle largest outsourcing contract for real estate http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=uid909p11l0x65j Wed, 23 Jan 2013 13:03:00 GMT LONDON, Jan 23 (Reuters) - HSBC Holdings PLC: * Sale of HSBC (HELLAS) Mutual Funds Management Sa http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=tm9taitlssdw00t Wed, 23 Jan 2013 12:21:28 GMT DUBAI, Jan 22 (Reuters) - Serviced apartments in Dubai could offer investors double-digit annual yields before additional supply reduces the sector's profitability going forward, a banker at HSBC said. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=nowt0qzw489xift Tue, 22 Jan 2013 15:20:55 GMT DUBAI, Jan 22 (Reuters) - Dubai will sell a 10-year Islamic bond, or sukuk, of least $500 million in size on Tuesday, arranging banks said, using its first big debt issue of 2013 to lock in low borrowing costs. http://www.lse.co.uk/ShareNews.asp?shareprice=HSBA&ArticleCode=dyqh3e4b8izah16 Tue, 22 Jan 2013 10:25:38 GMT