HSBC Holdings Share News (HSBA)

PRESS: Swiss Police Raid HSBC Geneva Office - BBC

UPDATE 1-Swiss prosecutor searches HSBC premises, opens criminal inquiry

(Adds details, background) ZURICH, Feb 18 (Reuters) - Geneva's public prosecutor searched the premises of HSBC Holdings PLC in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering. "A search is currently underway in the premises

Swiss prosecutors search HSBC premises in Geneva

HSBC's Swiss arm was searched by prosecutors on Wednesday as part of a new money-laundering investigation, amid reports the bank helped clients dodge significant amounts of tax but hiding funds overseas. Officials swarmed the Geneva-based premises after a money-laundering investigation was launched

Swiss prosecutor orders search of HSBC in money-laundering inquiry

ZURICH, Feb 18 (Reuters) - A Swiss prosecutor said on Wednesday it is ordering a search of HSBC Holdings PLC in Geneva and opening an inquiry into allegations of aggravated money-laundering. "A search is currently underway in the premises of the bank, led by Attorney General Olivier Jornot

UK Earnings, Trading Statements Calendar - Week Ahead

Wednesday newspaper round-up: Windfarm project, Greek bailout, US tech terror

The world's largest offshore windfarm project expected to cost between £6bn and £8bn has been approved for construction off the Yorkshire coast by the UK's energy secretary, The Guardian said. Greece is prepared to request a bailout extension of up to six months, after a long day of negotiations on

UK Earnings, Trading Statements Calendar - Week Ahead

UPDATE 2-Aldermore doubles profit, challenging big British banks

* FY underlying pretax profit 56 mln stg * Lending up 42 percent to 4.8 bln stg * CEO says bank picking up business from 'big 4' banks * Says bank did not hold takeover talks with TSB (Adds chief executive comments) By Matt Scuffham LONDON, Feb 17 (Reuters) - Briti

Hong Kong shares rise for a 4th day as holiday break nears

Feb 17 (Reuters) - Hong Kong's main stock index rose for the fourth day in a row on Tuesday, taking cues from mainland shares, but volume was the lowest in nearly two months as many have left trading desks for the Lunar New Year. Hong Kong markets will open for a half-day on Wednesday, the

UK Earnings, Trading Statements Calendar - Week Ahead

UPDATE 2-UK financial watchdog investigates HSBC over tax claims

(Recasts, adds MP and analyst comment) By Huw Jones and Tom Bergin LONDON, Feb 16 (Reuters) - Britain's financial watchdog said it was investigating HSBC following reports it helped clients evade taxes but said it was focusing on the bank's current behaviour rather than alleged past a

UPDATE 1-OCI to demerge construction, fertiliser units

(Adds advisers, further details) DUBAI, Feb 16 (Reuters) - OCI plans to spin off its engineering and building business from its fertilisers and chemicals' unit next month, the Amsterdam-listed firm said on Monday. The demerger will take place on March 7, the company said in a stateme

France ends investigation of HSBC's Swiss bank, eyes first trial

By Chine Labbé PARIS, Feb 16 (Reuters) - A French investigation into HSBC's Swiss private bank over a suspected tax-dodging scheme for wealthy customers has ended, bringing it a step closer to a possible trial, a judicial source said on Monday. HSBC last week admitted failings in co

UK Earnings, Trading Statements Calendar - Week Ahead

UPDATE 1-UK financial watchdog says working closely with HSBC over tax allegations

(Adds other agencies) LONDON, Feb 16 (Reuters) - Britain's financial watchdog said it was working closely with HSBC and other agencies to make sure the bank was meeting conduct standards after allegations its Swiss unit helped hundreds of people to dodge tax. In its first statement on