HSBC Holdings Share News (HSBA)

U.S. securities class actions soar to two-decade high

By Jonathan Stempel Jan 31 (Reuters) - U.S. securities class actions have soared to a two-decade high, topping levels during the financial crisis, after a landmark January 2016 ruling meant to deter lawsuits in Delaware that accomplish nothing for shareholders sent many lawyers scurrying in

UPDATE 1-MOVES-Ross, Oram, Colldahl leave HSBC as IB cuts begin

(Update with Nils Colldahl departure) By Helene Durand LONDON, Jan 27 (IFR) - Ulrik Ross, HSBC's global head of public sector and sustainable debt, Luc Oram, a director in the public sector debt business, and FIG DCM director Nils Colldahl are leaving the bank, according to multiple s

MOVES-Ross, Oram leave HSBC as investment banking cuts begin

By Helene Durand LONDON, Jan 27 (IFR) - Ulrik Ross, HSBC's global head of public sector and sustainable debt, and Luc Oram, a director in the bank's public sector debt business, are leaving the bank, according to multiple sources. The departures appear to be part of wider changes to i

RPT-Saudi Aramco selects U.S. firms to audit its reserves for IPO - sources

(Repeats Jan. 26 story; no changes to text) By Rania El Gamal, Reem Shamseddine and Alex Lawler DUBAI/KHOBAR, Saudi Arabia/LONDON, Jan 26 (Reuters) - State oil giant Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it

Saudi Aramco selects U.S. firms to audit its reserves for IPO - sources

By Rania El Gamal, Reem Shamseddine and Alex Lawler DUBAI/KHOBAR, Saudi Arabia/LONDON, Jan 26 (Reuters) - State oil giant Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, indus

Brooks Macdonald Funds Grow Despite "Dented Client Sentiment"

MOVES-HSBC appoints new group treasurer

By Sudip Roy LONDON, Jan 25 - HSBC has appointed Iain MacKinnon as group treasurer, head of asset, liability and capital management, replacing Bryan Pascoe. MacKinnon joined HSBC from Barclays in 2011 and was previously head of tax at the bank. He will retain oversight of the ta

Saudi Aramco asks banks to pitch for world's largest share sale

By Reem Shamseddine and Tom Arnold KHOBAR, Saudi Arabia/DUBAI, Jan 24 (Reuters) - Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world's biggest initial public offering, sources familiar with the matter told R

One in five think Tesco is Britain's biggest company

(ShareCast News) - Britons are still struggling to identify some of the FTSE 100's biggest names, as research suggests less than one in five people believe Tesco to be the biggest company in Britain. A survey conducted by spread betting firm Spread Co shows that confusion still remains for the ordin

One in five think Tesco is Britain's biggest company

(ShareCast News) - Britons are still struggling to identify some of the FTSE 100's biggest names, as research suggests less than one in five people believe Tesco to be the biggest company in Britain. A survey conducted by research firm Spread Co shows that confusion still remains for the ordinary ci

HSBC to close 62 more branches due to rise of online banking

(ShareCast News) - HSBC is planning on shutting another 62 branches, in addition to its previously planned 55 closures, this year due to the rise in customers using online banking. The move is expected to lead to 180 redundancies in branches and 204 in IT positions. Consumer group Which? pointed to

REFILE-UPDATE 1-HSBC to close 117 branches in Britain, cut 380 jobs

(Refiles to fix formatting) LONDON, Jan 24 (Reuters) - HSBC said on Tuesday it plans to close 117 branches this year and will cut 380 roles in Britain to try to reduce costs. The bank said about 180 jobs will be eliminated in the final round of branch network cuts, marking the end of

HSBC to close 62 branches in Britain, resulting in 180 job losses

LONDON, Jan 24 (Reuters) - HSBC said on Tuesday it plans to close 62 branches and fire more than 180 employees marking the end of its branch restructuring program in Britain aimed at reducing costs. HSBC said the number of customers using branches for transactions has fallen by about 40 per

FTSE 100 movers: Paddy Power and banks lead London losers

(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr

Top banks' Q4 commodities revenue jumps 20-25 pct-report

LONDON, Jan 23 (Reuters) - Commodities-related revenue at the 12 biggest investment banks rebounded in the fourth quarter due to stronger activity in the energy sector, a report by financial industry analytics firm Coalition said on Monday. Revenue from commodity trading, selling derivative