HSBC Holdings Share News (HSBA)

Banks braced for pain after Brexit bombshell

By Steve Slater LONDON, June 24 (IFR) - Thousands of bankers in Britain are fretting about their job security as the industry faces upheaval in trading operations and regulations in the wake of Britain's decision to quit the European Union. Britain employs 2.2m bankers and other finan

European airlines slump on Brexit vote, IAG warns on profit

Britain's banks to work as normal despite Brexit -BBA chief

LONDON, June 24 (Reuters) - There will be no disruption to banking services in Britain despite market turmoil caused by the country's historic vote to leave the EU, the chief executive of the British Bankers Association said on Friday. "Customers should rest assured their banking services w

HSBC "Well Placed" To Support Customers And Markets - Chairman Flint

UPDATE 1-Asian traders 'seasick' as UK votes for Brexit

(Adds more trader comments) By Denny Thomas and Rebecca Howard HONG KONG/WELLINGTON, June 24 (Reuters) - Asian currency, bond and equity traders kicked off an early day of choppy trading as a British vote to leave the European Union sent shivers across trading floors, having kept many

Bank of England in "close contact" with banks after vote for Brexit

LONDON, June 24 (Reuters) - The Bank of England's supervisory arm is in contact with banks ahead of the market open after Britain voted to leave the European Union, a source familiar with the situation said on Friday. World financial markets dived as nearly complete results showed a 51.8/48

UPDATE 4-Sterling plunges to 31-year low, biggest ever fall, as UK votes Brexit

By Jamie McGeever LONDON, June 24 (Reuters) - British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a steep fall at the market open after Britons voted to leave the European Union. Bonds also sold off shar

Asian traders 'seasick' as UK lurches towards Brexit

By Denny Thomas and Rebecca Howard HONG KONG/WELLINGTON, June 24 (Reuters) - Asian currency, bond and equity traders kicked off an early day of choppy trading as the growing likelihood of a British vote to leave the European Union sent shivers across trading floors and kept many investors g

UPDATE 1-Vodafone to file prospectus for Indian listing in August - sources

* IPO expected to raise as much as $2.5 billion * Set to be biggest IPO in India since 2010 (Adds details on Vodafone India operations, background) By Sumeet Chatterjee and Elzio Barreto HONG KONG, June 23 (Reuters) - Vodafone Group is likely to file a draft prospectus for a p

Beware choppy Brexit trading, banks warn clients

By Steve Slater LONDON, June 22 (IFR) - Enter at your peril: investment banks are warning clients to beware of volatile and unpredictable markets at the end of this week around Britain's vote on whether to stay in the European Union. Banks including HSBC, UBS, Bank of America Merrill

Visa windfall gives European banks Q2 boost

By Steve Slater LONDON, June 22 (IFR) - Dozens of European banks will book hefty windfalls in the second quarter from the sale of their stakes in Visa Europe, after Visa Inc this week completed the purchase of its sister card payments firm. Barclays is set to be the biggest beneficiar

Post-Brexit moves to Paris, Frankfurt would mean hefty pay cuts for UK bankers -data

LONDON, June 22 (Reuters) - London-based bankers considering a possible relocation if Britain votes out of the European Union would suffer pay cuts of up to 80 percent if they were to move to Frankfurt or Paris, data from salary-benchmarking site Emolument showed. Analysing 8,065 salaries f

SocGen outlines post-referendum trade ideas

(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes. In the event of a Brexit, SocGen expects that on 24 June and the following days, th

HSBC's record-low British mortgage rate sparks risky lending concerns

LONDON, June 21 (Reuters) - HSBC has launched what is thought to be Britain's lowest-ever mortgage deal with an interest rate of less than 1 percent, raising concerns of a return to riskier lending practices to try to boost flagging profits. Europe's largest bank is offering customers the c

HSBC to pay $35 mln to resolve yen Libor litigation in U.S.

NEW YORK, June 17 (Reuters) - HSBC Holdings Plc will pay $35 million to end private U.S. antitrust litigation claiming that it harmed investors by conspiring with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. Papers outlining the preliminary settlement