HSBC Holdings Share News (HSBA)

HSBC settles U.S. probe into seizures of soldiers' cars

Aug 8 (Reuters) - HSBC Holdings Plc has settled a U.S. probe accusing the British bank of illegally repossessing cars owned by members of the U.S. military while they were serving their country, the Department of Justice said on Monday. The bank's HSBC Finance Corp unit will pay $434,500 to

REFILE-Three more blue chips pile into ebullient sterling market

(Refiles to correct typo) * Sterling market wide open for corporates, financials * Strong performance entices borrowers * Long-end revival possible By Helene Durand LONDON, Aug 8 (IFR) - HSBC, BNP Paribas and BMW are taking full advantage of positive momentum spurred

Three more blue chips pile into ebullient sterling market

* Sterling market wide open for corporates, financials * Strong performance entices borrowers * Long-end revival possible By Helene Durand LONDON, Aug 8 (IFR) - HSBC, BNP Paribas and BMW are taking full advantage of positive momentum spurred by the Bank of England's announ

Barclays rallies on Exane upgrade

(ShareCast News) - Barclays got a boost on Monday after Exane BNP Paribas upgraded the stock to 'outperform' from 'neutral' as it took a look at UK banks. Exane pointed out that having been cautious on the stock for two years, it "made the mistake" of upgrading the recommendation shortly before the

Monday newspaper round-up: Lloyds, new post-Brexit data, banks

(ShareCast News) - Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds Banking Group at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. The government put plans for a "Tell Sid" offer of Llo

INVESTMENT FOCUS-EM-focused euro stocks may get second wind after Brexit

* European earnings outlook: http://reut.rs/2553txN * EM-focused stocks outperform: http://reut.rs/2aJk1W2 * Adidas, Carlsberg, Diageo near record highs * Optimism about EM consumers underpins investor interest * Mood on EM brightens: By Atul Prakash LONDON, Au

HSBC passes on BoE base rate cut to customers

(ShareCast News) - After the Bank of England lowered the base rate to 0.25% from 0.50%, HSBC said on Friday it will pass on the rate cut to its tracker and variable mortgage rate customers. Tracker mortgage customers will have their rates fall to 0.25% from 0.50% and standard variable rate mortgage

RPT-GRAPHIC-Banks' equity trading revenues plunge in Q2

(Repeats to more subscribers) * Equity trading revenue graphic: http://tmsnrt.rs/2aT843C * U.S.-European gap widens again * Only JP Morgan sees revenue rise By Anjuli Davies and Jamie McGeever LONDON, Aug 5 (Reuters) - Stock markets may be nudging their highest ever

HSBC to pass on BoE rate cut to tracker, variable mortgage rate customers

LONDON, Aug 5 (Reuters) - HSBC said it would pass on a 25 basis point cut in the Bank of England base rate to its tracker mortgage borrowers from Friday, and extend savings to standard variable rate mortgage borrowers from Sept. 1. "We have passed on the full reduction to customers with tra

GRAPHIC-Banks' equity trading revenues plunge in Q2

* Equity trading revenue graphic: http://tmsnrt.rs/2aT843C * U.S.-European gap widens again * Only JP Morgan sees revenue rise By Anjuli Davies and Jamie McGeever LONDON, Aug 5 (Reuters) - Stock markets may be nudging their highest ever levels, but that's scant consolation

MOVES-MOVES-BAML hires Devalier as head of Japan economics

LONDON, Aug 5 (IFR) - Bank of America Merrill Lynch said Izumi Devalier is to join the US bank from HSBC as head of Japan Economics. Devalier will start in September and be based in Tokyo, where she will report to Ethan Harris, head of global economics, according to an internal memo seen by

LONDON MARKET CLOSE: BoE Stimuli Push Up Stocks But Depress Sterling

UPDATE 2-UK savers and borrowers left waiting as banks ponder rate cut

(Adds analyst's comment, further details) By Sinead Cruise and Andrew MacAskill LONDON, Aug 4 (Reuters) - Millions of savers and mortgage borrowers were still waiting to see on Thursday what impact the Bank of England's move to cut its base rate to a record low of 0.25 percent would h

UPDATE 1-Rate cut, stimulus measures mark BoE's 'whatever it takes' moment -BBA

(Adds reaction from lenders, detail) By Sinead Cruise and Andrew MacAskill LONDON, Aug 4 (Reuters) - The British Bankers Association said Thursday's rate cut and economic stimulus measures marked the Bank of England's 'whatever it takes' moment to jumpstart a shaky UK economy, as lend

StanChart sees further cuts to bad loan provisions in China, India

HONG KONG, Aug 4 (Reuters) - Standard Chartered expects to further cut provisions for bad loans in its key markets of China and India, and is also looking to lower exposure to the heavy industry sector, the bank's Greater China and North Asia chief said on Thursday. A sharp spike in non-pe