HSBC Holdings Share News (HSBA)

Tuesday newspaper round-up: US libor case, UK fracking decision, CNH

(ShareCast News) - A US appeals court has reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned. A lower court judge erred in dismissing the ant

Big banks' first-quarter commodities revenue drops 40 pct - report

LONDON, May 24 (Reuters) - Commodities-related revenue at the 12 biggest investment banks tumbled 40 percent in the first three months of the year as lenders cut exposure to the oil and industrial metals sectors, a consultancy said on Tuesday. First-quarter revenue from commodity trading, s

Investment banks suffer worst first quarter since financial crisis -survey

By Anjuli Davies LONDON, May 24 (Reuters) - Revenue at the world's 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday. Investment

UPDATE 3-Big banks lose as U.S. appeals court revives Libor lawsuits

(Adds comments by judge, plaintiffs' lawyer and professors) By Jonathan Stempel NEW YORK, May 23 (Reuters) - A U.S. appeals court on Monday revived private antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for the

Antitrust claims revived in Libor litigation

NEW YORK, May 23 (Reuters) - A federal appeals court on Monday revived antitrust claims in private U.S. litigation accusing global banks of conspiring to manipulate the Libor benchmark interest rate. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge erred in dismis

HSBC says to close 24 retail banking branches in India

MUMBAI, May 19 (Reuters) - HSBC Holdings Plc said it plans to close 24 branches in India after a strategic review of its retail banking and wealth management business showed customers are increasingly opting for digital banking services. The bank said it would consolidate from 50 branches a

UPDATE 1-Clock did not run out on FDIC lawsuit vs big banks -U.S. court

(Adds details from decision, comments, case citation, byline) By Jonathan Stempel NEW YORK, May 19 (Reuters) - The U.S. government on Thursday won a victory in its effort to hold big banks liable for selling older toxic debt as a divided federal appeals court in New York revived a Fed

British banks reprise riskier lending in hunt for revenue

* Consumer credit growth highest since 2005 * Banks chase yield with riskier lending * Pressure on management to restore profits and boost shares By Sinead Cruise and Lawrence White LONDON, May 19 (Reuters) - A surge in consumer lending and a revival of no-deposit resident

US appeals court revives FDIC's bank lawsuit over Colonial collapse

NEW YORK, May 19 (Reuters) - A divided federal appeals court on Thursday revived an FDIC lawsuit accusing several major banks of helping cause the 2009 failure of Colonial BancGroup Inc by selling or underwriting toxic mortgage-backed securities that the Alabama lender bought. By a 2-1 vote

HIGHGRADE CLOSE-Five issuers raise US$12.085bn in HG primary

* HSBC prints jumbo US$8bn deal * Whirlpool comes with 30-year trade * Dell bonds tighten amid high trading volumes * Weekly issuance hits US$41.560bn By Mike Gambale NEW YORK, May 18 (IFR) - Below is a recap of primary issuance activity in the US high-grade market o

Wednesday newspaper share tips: Lloyds, Premier Foods

(ShareCast News) - UK's big banks are at a nadir in their fortunes and yet to enjoy a sustained uplift in their business, albeit with fundamentals beginning to turn north, says the Financial Times' Lex column. Mortgage, credit card and personal lending all turned a corner in 2014, and in 2015 both L

UPDATE 2-British bank competition plan falls short of challenger hopes

* Watchdog wants to stimulate competition for "big four" * Critics say proposals don't go far enough * Final report to be published in August (Adds cost and more reaction) By Andrew MacAskill and Huw Jones LONDON, May 17 (Reuters) - Long-awaited measures to break the mar

BROKER RATINGS SUMMARY: Goldman Says Buy ITV; Investec Says Buy HSBC

Banks to limit overdraft charges as CMA demands only small changes

(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i

UK competition watchdog unveils measures to improve banking competition

LONDON, May 17 (Reuters) - Britain's biggest banks will have to cap unauthorised overdraft fees and join a price-comparison website to give customers better service, Britain's competition watchdog said on Tuesday, following a 19-month investigation to reform the banking sector. The Competit