HSBC Holdings Share News (HSBA)

U.S. to seek ex-HSBC executive's extradition from Britain

By Nate Raymond NEW YORK, Oct 21 (Reuters) - The United States will seek the extradition from Britain of a former HSBC Holdings Plc executive accused of participating in a fraudulent scheme involving a $3.5 billion currency transaction, prosecutors said on Friday. In a letter filed i

Thirty years on from Big Bang, London frets over future

* IFR talks to Nicholas Dennison, the architect of Big Bang, and others about the transformation of the City of London in 1986 By Steve Slater LONDON, Oct 21 (IFR) - Bang! It was the explosion in financial markets heard across the world 30 years ago which transformed the City of Londo

Investment banks scramble to fill top jobs in Italy

* Six banks seek senior bankers to head Italian divisions * Bank of America, Societe Generale, Nomura hire headhunters * Barclays and HSBC still digesting recent departures * BNP Paribas wants new head of corporate division at BNL By Pamela Barbaglia and Anjuli Davies <

British banks call for end to surcharge on profits amid Brexit uncertainty

LONDON, Oct 20 (Reuters) - British banks are calling for the government to phase out an extra tax on profits at a time of significant upheaval following Britain's vote to leave the European Union and its potential hit to London's financial dominance. In January the government imposed an ext

UK's Hammond tells banks they will be a priority in Brexit talks

LONDON, Oct 19 (Reuters) - Finance minister Philip Hammond sought to reassure Britain's powerful banking sector that he would protect its access to skilled labour and the European Union's single market once the country leaves the bloc. Hammond told lawmakers that the sector's interests woul

UPDATE 2-UK mortgage lenders face compensation bill for mishandling arrears

* FCA: banks sometimes add arrears to mortgage capital sum * Industry group says 750,000 customers could be affected * Mortgage lenders to work out compensation by end June '17 (Adds industry reaction) By Huw Jones LONDON, Oct 19 (Reuters) - Britain's mortgage lenders fa

HSBC winding down Monaco private bank after deal with CFM Indosuez

ZURICH, Oct 19 (Reuters) - HSBC plans to wind down its Monaco private bank and has agreed to introduce clients in the principality to CFM Indosuez Wealth Management, it said on Wednesday, as it seeks to streamline its wealth management business. "It draws to a close the restructuring of our

Sector movers: Retailers rise to the top

(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage

Canadian businesses lag global counterparts in yuan use -survey

TORONTO, Oct 18 (Reuters) - Canadian businesses lag their global counterparts in using the Chinese renminbi, even after the launch last year of North America's first yuan trading hub, according to an HSBC survey released on Tuesday. The bank said usage of the Chinese currency by Canadian co

BROKER RATINGS SUMMARY: Merrill Lynch Downgrades Burberry To Neutral

Ex-divs to take 8.76 points off FTSE 100 on Oct. 20

LONDON, Oct 17 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the resulting adjustment to prices by market-makers would take

RPT-It's lonely at the top for Britain's FTSE 100 index

(Repeats Thursday report) * Dividend funds, index trackers dominate inflows * Foreign buyers put off by sterling slide * Handful of large-caps soaking up flows * GRAPHIC: FTSE 100 vs FTSE 250: http://bit.ly/2e3GHSu * GRAPHIC: The pound's slide: http://tmsnrt.rs/2egbf

It's lonely at the top for Britain's FTSE 100 index

* Dividend funds, index trackers dominate inflows * Foreign buyers put off by sterling slide * Handful of large-caps soaking up flows * GRAPHIC: FTSE 100 vs FTSE 250: http://bit.ly/2e3GHSu * GRAPHIC: The pound's slide: http://tmsnrt.rs/2egbfVh By Vikram Subhedar <

HSBC CEO forecasts jump in foreigners buying China bonds

By Steve Slater LONDON, Oct 11 (IFR) - Foreign buyers of onshore Chinese government bonds are likely to jump five-fold to 10% of the market within two years, giving a US$100bn investment boost into the country, HSBC chief executive Stuart Gulliver said. Overseas investors have increas

UK finance minister names HSBC economist as senior advisor

By David Milliken LONDON, Oct 8 (Reuters) - British finance minister Philip Hammond has appointed HSBC's chief European economist, Karen Ward, to advise him as the country prepares to leave the European Union, the finance ministry said on Saturday. Ward's new role as economic special