HSBC Holdings Share News (HSBA)

National Grid hit by jump in UK debt yields

(ShareCast News) - Public sector net borrowing in the UK only overshot the Chancellor's target for the full fiscal year modestly, analysts said, but that was enough to push sovereign debt yields higher, knocking the likes of National Grid off their perch. Westminster's net cash requirement fell 34.0

Conforama increases Darty offer to 138 pence per share

April 20 (Reuters) - Conforama has increased its cash offer for shares in electronics retailer Darty Plc it does not already own to 138 pence per share, Conforama's parent company said on Wednesday. Conforama, a subsidiary of Steinhoff International Holdings NV, has also bought 103.2 millio

Brexit would prompt banker exit, hurt currency trading, City of London says

* City of London says some bankers could leave London * Says EU would not allow euro clearing in London * Fears trade talks on services would be difficult By Guy Faulconbridge LONDON, April 20 (Reuters) - A British exit from the European Union would hurt London's status as

REFILE-Bank shell company rule nears approval as final draft sent to White House

(Refiles to correct spelling error in paragraph five) By Sarah N. Lynch WASHINGTON, April 15 (Reuters) - The U.S. Treasury Department inched closer on Friday toward finalizing a rule requiring banks to identify the legal owners of shell companies, a move it hopes will help prevent ill

RPT-HSBC in charm offensive to woo China sceptics

(Repeating story sent earlier, noting includes pictures) By Lisa Jucca and Sinead Cruise HONG KONG/LONDON, April 20 (Reuters) - Battling against sceptical Western investors, HSBC , is on a mission to explain why its push into a slowing China is good for the global bank's future growth

HSBC in charm offensive to woo China sceptics

By Lisa Jucca and Sinead Cruise HONG KONG/LONDON, April 20 (Reuters) - Battling against sceptical Western investors, HSBC , is on a mission to explain why its push into a slowing China is good for the global bank's future growth. HSBC which reported flat annual pre-tax profit in 2015,

UK bank commission head asks central bank to think again on capital

By Huw Jones LONDON, April 19 (Reuters) - The Bank of England is too optimistic about being able to close big banks smoothly if they run into trouble and lenders should hold far more capital to keep the financial system safe, the architect of a major banking reform said on Tuesday. Th

AGM, EGM Calendar - Week Ahead

Finance chiefs call for urgent collaboration on fintech risks

LONDON, April 19 (IFR) - Senior finance executives called on banks, regulators and new start-ups to collaborate to ensure a wave of financial technology innovation does not pose a systemic risk to the industry. "Technology-enabled innovations bring a new set of risks to the financial system

Trading start-up files antitrust lawsuit in New York

By Mike Kentz NEW YORK, April 18 (IFR) - Derivatives trading start-up TeraExchange filed an antitrust lawsuit Monday alleging that some of the biggest banks in the world conspired to block customers from using its service. The suit, first reported by IFR last week, charges that 12 ban

HSBC looking at share buy-back

(ShareCast News) - HSBC was reported to be looking at possibly buying back shares on Monday. Chief executive of the Canary Wharf-based group Stuart Gulliver told shareholders in Hong Kong of the idea, as the share price of Europe's largest bank slid sharply. Separately, chairman Douglas Flint said

PRESS: HSBC CEO Gulliver To Step Down In Two Years - Sunday Times

Sunday newspaper round-up: AstraZeneca, Monarch Airlines, HSBC, Opec deal

(ShareCast News) - AstraZeneca has held talks with US-based rival Medivation that could see it make a $10bn (£7bn) takeover bid, where it will battle France's Sanofi, which had a bid rejected last week, and others. Although oncology drug maker Medivation has been criticised for "price gouging" by Am

UPDATE 1-UK lawmakers to review new capital requirements for banks

(Adds response from Vickers) By Huw Jones LONDON, April 15 (Reuters) - The UK parliament's Treasury Select Committee is to examine further whether banks are required to hold sufficient capital to cushion them against potential losses, wading into a row between the Bank of England and

Banks on Argentina bond to earn up to US$27m in total fees

By Davide Scigliuzzo NEW YORK, April 15 (IFR) - Banks leading Argentina's jumbo bond sale, which is set to price next week, could earn up to US$27m in total fees, according to government documents published on Friday. Argentina will pay a commission of 18bp to the underwriters arrangi