HSBC Holdings Share News (HSBA)

Top US officials rejected push to prosecute HSBC -lawmakers' report

By Mica Rosenberg NEW YORK, July 11 (Reuters) - Senior U.S. Department of Justice officials overruled internal recommendations to prosecute global bank HSBC Holdings Plc for money laundering violations because of concerns about the stability of the financial system, a congressional report r

Financial lobby urges UK government to retain access to EU markets

LONDON, July 8 (Reuters) - London's main financial lobby group urged the government on Friday to retain access to the EU's single market as it seeks to contain the fallout from Britain's surprise vote to leave the trading bloc. Since the June 23 referendum, many have predicted an exodus of

REFILE-MOVES-HSBC parts company with head of UK equity capital markets -sources

(Adds dropped word 'UK' in lead) LONDON, July 8 (Reuters) - HSBC's head of UK equity markets Antony Isaacs has left the bank as part of the continuing restructuring of its investment banking division, sources with direct knowledge of the matter told Reuters on Friday. Isaacs' departur

UPDATE 1-South Africa's Eskom says secures $1.4 billion in loan facilities from AfDB

(Adds details) JOHANNESBURG, July 7 (Reuters) - South Africa's state-run power utility Eskom has secured a 20 billion rand ($1.4 billion) loan from the African Development Bank, the company battling to keep itself financially afloat said on Thursday. Eskom supplies virtually all of th

UPDATE 2-Bank of England takes steps as Brexit risks appear, pound falls

* BoE gives banks more room to lend * More time for insurers to adjust to EU rules * Sterling renews fall after fund closures * Banks says strong on capital, liquidity - Osborne (Adds suspension of M&G real estate fund, updates market prices) By David Milliken and Huw Jo

Brexit boost offers only cold comfort for bank traders

* Brexit provides boost to trading volumes * Banks also able to extract better margins * Longer-term revenue outlook remains bleak By Patrick Graham and Anjuli Davies LONDON, July 5 (Reuters) - A one-off boost from dramatic market moves after Britain's vote to leave the Eu

UPDATE 3-Three UK property funds halt trade in first sign of post-Brexit seize-up

* REITs, housebuilders, asset managers, insurers all hit * Follows decision by three funds to stop investors leaving * BoE flags concerns; investors fear crisis re-run (Adds more detail on fund performance, bank holdings, background, updates shares) By Simon Jessop, Vikram Sub

UK banks say ready to lend more after capital requirements cut

LONDON, July 5 (Reuters) - Some of Britain's biggest financial institutions said they were ready to lend more after a decision by the Bank of England to cut their capital requirements, according to a joint statement with finance minister George Osborne on Tuesday. The Bank of England, which

UK's Osborne: banks report strong capital and liquidity after Brexit vote

LONDON, July 5 (Reuters) - British banks have reported strong capital and liquidity in the aftermath of the vote to leave the European Union, finance minister George Osborne said on Tuesday after meeting with the heads of major banks and building societies. "They report back that capital is

Bank of England eases rules for banks to meet Brexit challenge

* BoE reverses capital buffer decision of March * Carney says move represents "major change" * More time for insurers to adjust to EU rules * Osborne to meet bank CEOs on Tuesday * Signs of UK economic weakness after Brexit vote (Adds Carney comment, background) By

MOVES-HSBC names Tait to run Asia-Pacific commercial bank

LONDON, July 5 (IFR) - HSBC has appointed Stuart Tait as head of commercial banking for Asia-Pacific. Tait is currently global head of trade and receivables finance based in London. He will move to Hong Kong, reporting to Noel Quinn, CEO of global commercial banking, and Peter Wong, CEO of

UPDATE 1-Bank of England eases rules for banks to meet Brexit challenge

(Adds market reaction, background) By David Milliken and Huw Jones LONDON, July 5 (Reuters) - The Bank of England took steps on Tuesday to ensure British banks keep lending and insurers do not dump corporate bonds in the "challenging" period that is likely to follow the country's vote

Broker tips: Moneysupermarket, HSBC, G4S

(ShareCast News) - Shares in Moneysupermarket.com tumbled on Monday after Barclays downgraded the price comparison website to 'equalweight' from 'overweight' and slashed the price target to 260p from 390p. The bank said it had been positive on the stock since initiating on it last year, but that unc

Investec cuts HSBC to 'sell' from 'hold'

(ShareCast News) - Investec downgraded HSBC to 'sell' from 'hold' and cut the price target to 425p from 450p. The brokerage argued that former HSBC CEO Mike Geoghegan played a key role in the UK's decision to leave the European Union, articulating his view of a clear business-positive impact from Br

BROKER RATINGS SUMMARY: Liberum Downgrades Property Stocks