HSBC Holdings Share News (HSBA)

HSBC to pay $1.75bn to settle Household Intl class action

(ShareCast News) - HSBC said it will pay $1.57bn to end a class action lawsuit over its 2003 purchase of Household International that could have exposed it to $3.6bn in payouts. The bank said it would take a pre-tax charge of around $585m in the second quarter. HSBC merged Household International w

TOP NEWS: HSBC Unit To Pay USD1.58 Billion To Settle Class Action

UPDATE 1-HSBC to pay $1.575 bln, ending Household Int'l class action

(Adds comments from HSBC, background, case citation, byline) By Jonathan Stempel June 16 (Reuters) - A unit of HSBC Holdings Plc said on Thursday it will pay $1.575 billion to end a 14-year-old shareholder class action lawsuit stemming from the Household International consumer financ

HSBC reaches $1.575 bln settlement in Household case

June 16 (Reuters) - A unit of HSBC Holdings Plc on Thursday said it will pay $1.575 billion to end a long-running securities fraud class action stemming from the acquisition of the Household International consumer finance business more than a decade ago. HSBC Finance Corp said the settlemen

RPT-London traders brace for biggest night since 'Black Wednesday'

(Fixes Eikon link to factbox on referendum results, paragraph 18) * Banks draft in traders for British EU referendum night * One fund prepares for 30 pct sterling fall if "Out" wins * Bank of England to staff through the night By William James, Freya Berry and Patrick Grah

BROKER RATINGS SUMMARY: Go-Ahead Raised By JPMorgan, Cut By Investec

London traders brace for biggest night since 'Black Wednesday'

* Banks draft in traders for British EU referendum night * One fund prepares for 30 pct sterling fall if "Out" wins * Bank of England to staff through the night By William James, Freya Berry and Patrick Graham LONDON, June 15 (Reuters) - The world's biggest banks including

REFILE-BUZZ-US Financials ETF: Downside pressure mounts

(Corrects story link in 1st bullet) ** Financial Select Sector SPDR Fund retreating further from upper boundary of near year-long triangular pattern ** S&P financials worst performing S&P 500 sector YTD; now down 5 pct vs SPX 1 pct gain ** Sector shunned as prospects for near-t

MOVES-HSBC appoints Seth as securities services head for Middle East, N.Africa

DUBAI, June 13 (Reuters) - HSBC has appointed Kapil Seth as regional head of securities services in the Middle East and North Africa, it said in a statement on Monday. Seth was previously HSBC's head of securities services in India. He succeeds Arindam Das, who has taken up a new role

MOVES-Former HSBC exec joins Gulf Capital in Abu Dhabi

ABU DHABI, June 13 (Reuters) - Mahmoud Atalla, previously co-head of distressed debt and loan trading at HSBC, has left the bank to join Abu Dhabi-based private equity firm Gulf Capital, the chief executive of Gulf Capital said on Monday. Atalla joined the Abu Dhabi firm as managing directo

CORRECTED-UPDATE 2-Bradesco wins Brazil approval for $5.2 bln purchase of HSBC unit

(Corrects in second paragraph of June 8 item to clarify that Cade board has six members and they voted unanimously to pass deal) By Guillermo Parra-Bernal and Leonardo Goy SAO PAULO/BRASILIA, June 8 (Reuters) - Brazil's antitrust watchdog on Wednesday approved Banco Bradesco SA's purc

CORRECTED-Brazil watchdog approves Bradesco purchase of HSBC local unit

(Corrects June 8 item in paragraph 2 to clarify that six members voted unanimously to approve the deal) SAO PAULO, June 8 (Reuters) - Brazil's antitrust watchdog Cade approved on Wednesday Banco Bradesco SA's acquisition of HSBC Holdings Plc's local unit under certain conditions. Six

HSBC Brazil sale receives regulatory approval

(ShareCast News) - HSBC's planned sale of its Brazil business to Bradesco reached a new milestone on Thursday, as the bank announced it has received unanimous approval from the Brazilian Administrative Council for Economic Defence. The FTSE 100 bank had announced its agreement to sell its entire bus

TOP NEWS: HSBC Gets Approval For USD5.2 Billion Brazil Sale

EU unlikely to extend global bail-in rules beyond big banks -official

* Medium-sized banks to remain exempt from TLAC requirements * Commission's new line meets German and British requests * Berlin and London oppose French-Italian proposal for MREL caps * EU Commission's position between caps and floors for MREL By Francesco Guarascio