HSBC Holdings Share News (HSBA)

BROKER RATINGS SUMMARY: UBS Upgrades RBS To Buy From Neutral

UBS ups RBS to 'buy' as it re-initiates coverage on UK banks

(ShareCast News) - UBS re-initiated coverage on the five large UK banks, backed by new models and analytical support. It upgraded Royal Bank of Scotland to 'buy' from 'neutral', cutting the target price to 350p from 363p. UBS argued that until now, the bank's small index weight - 0.6% of the FTSE 1

LONDON MARKET CLOSE: Banks Weigh On FTSE 100 Amid PPI Fears

PRESS: UK Banks To Set Aside GBP5.0 Billion More For PPI Scandal - Sky

Lloyds and other lenders set to announce fresh PPI provisions, report claims

(ShareCast News) - Britain's largest lenders are preparing to set aside billions of more pounds for provisions against the payment protection insurance mis-selling scandal, according to reports over the weekend. Insiders from Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander

INSIGHT-A Hong Kong move unlikely to slash HSBC tax bill

* HSBC considering possible move abroad * Some investors think bank better off in London * Analysts say Asia growth and lower tax favour Hong Kong By Tom Bergin LONDON, Jan 25 (Reuters) - HSBC's possible relocation to Hong Kong is unlikely to save the British bank much tax

Senior lawmaker urges UK banks to invest in IT to prevent failures

LONDON, Jan 24 (Reuters) - Britain's banks need to dedicate far greater resources towards securing their IT infrastructure and should have a designated board member overseeing the issue, a senior lawmaker said, following a string of high-profile technology failures. Andrew Tyrie, chairman o

At least 6 banks in settlement talks with Swiss over Libor -Bloomberg

ZURICH, Jan 22 (Reuters) - At least six banks involved in a Swiss investigation of alleged Libor interest rate-rigging are in settlement talks, Bloomberg reported on Friday, citing two people familiar with the negotiations. Switzerland's competition body COMCO wants to reach a settlement wi

CORRECTED-Eleven big banks test blockchain-based trading system

(Corrects 5th para to show Ethereum is non-profit organisation, not company) By Jemima Kelly LONDON, Jan 20 (Reuters) - Eleven major banks, including Barclays, UBS and HSBC, said on Wednesday they had tested a system that could make trading much faster and cheaper, using the technolog

Britain opens drop-in centre for would be banks

LONDON, Jan 20 (Reuters) - Entrepreneurs who want to open a bank in Britain can call a new helpline to chat about how much capital they need, and get invitations to rub shoulders with supervisors. The Financial Conduct Authority and the Bank of England's Prudential Regulation Authority (PRA

Eleven big banks test blockchain-based trading system

By Jemima Kelly LONDON, Jan 20 (Reuters) - Eleven major banks, including Barclays, UBS and HSBC, said on Wednesday they had tested a system that could make trading much faster and cheaper, using the technology that underpins crypto-currency bitcoin. The banks are part of a consortium

S&P ups view on HSBC Bank's capital, but sees offsetting risks

(ShareCast News) - HSBC Bank's capital position was set to strengthen as the lender moved to top up its capital cushions, but that improvement would be offset by the greater risks for its investment banking arm should global economic and geopolitical crystalise, Standard&Poor's said. S&P, arguably t

UK financial watchdog girds itself for lion's den

By Huw Jones LONDON, Jan 18 (Reuters) - The British government's shift toward a more accommodative stance when it comes to regulating banks has left its financial watchdog between a rock and a hard place, with a bit of cack-handedness compounding the discomfort. The political heat on

Who, not where: For HSBC investors, HQ debate eclipsed by identity issue

* HSBC board to discuss headquarters later this month * Investors want HSBC to be clearer on strategy * China slowdown puts question mark over its Asia "pivot" plan By Sinead Cruise and Lawrence White LONDON/HONG KONG, Jan 18 (Reuters) - As HSBC prepares to decide which c

Kuwaiti logistics company Agility signs $235 mln loan

DUBAI, Jan 18 (Reuters) - Kuwait's Agility, the largest logistics company in the Gulf, confirmed on Monday that it had signed a three-year $235 million loan agreement. The loan, reported by Reuters on Jan. 14, was provided by National Bank of Abu Dhabi, HSBC, Natixis , Santander and Standar