HSBC Holdings Share News (HSBA)

UPDATE 1-Global regulators reach agreement on bail-in bonds plan for top banks

(Updates with source on details and timescale in paragraphs 5-6) By William Schomberg LONDON, Sept 26 (Reuters) - Global regulators have reached a draft agreement on a rule on stopping banks from being "too big to fail" by requiring them to hold enough equity capital and bonds to avoi

Global regulators reach agreement on bail-in bonds plan for top banks

By William Schomberg Sept 25 (Reuters) - Global regulators reached a draft agreement Friday on a rule on stopping banks being "too big to fail", by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis. The proposed rule is known as tota

HSBC asset management arm to disclose carbon footprint of funds

LONDON, Sept 25 (Reuters) - The fund arm of HSBC, Britain's biggest bank, has agreed to measure and disclose the carbon footprint of its funds on an annual basis after signing up to the Montreal Carbon Pledge. Launched in 2014, the pledge aims to attract commitments from asset owners and ma

Dividends Calendar - Week Ahead

Global watchdog seeks deal on ending "too big to fail" banks

By Huw Jones LONDON, Sept 24 (Reuters) - Global regulators meet in London on Friday to agree a rule on stopping banks being "too big to fail" by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis. The Financial Stability Board (FSB),

MOVES: Marrinan to join HSBC as head of credit strategy

By Shankar Ramakrishnan NEW YORK, Sept 24 (IFR) - Well-known industry veteran Edward Marrinan will be HSBC's new head of credit strategy for North America, sources told IFR on Thursday. Marrinan, who worked for RBS for close to six years as co-head of markets strategy, will move to th

Abengoa chairman to step down as company readies share sale

(ShareCast News) - Embattled Spanish renewable energies outfit Abengoa's chairman, Felipe Benjumea, announced he would be stepping down after 25 years at the helm as the company revealed plans to go cap in hand to investors. The Seville, Spain-based company was looking to raise at least €650m in eme

UPDATE 2-Indebted Abengoa gets creditor backing for cash call

(Adds shares, analyst comment, background) By Jose Elías Rodríguez and Sonya Dowsett MADRID, Sept 24 (Reuters) - Spanish energy company Abengoa said on Thursday its major creditors had agreed to back most of a 650 million euro ($728 million) share sale in a deal providing vital fu

Spain's Abengoa strikes deal on capital increase, main shareholder loses control

MADRID, 24 sep (Reuters) - Spanish energy company Abengoa said on Thursday its major creditors had agreed to back most of a 650 million euro ($728 million) capital hike, a vital deal providing funds to cut debt and cover cash flow needs. The rest of the cash will come from its main shareh

Abengoa to get 165 mln euro credit line as part of capital hike deal-source

MADRID, Sept 23 (Reuters) - Spain's Abengoa will get a 165 million euro ($184.44 million) credit line as part of a financing package in which banks HSBC and Santander will each underwrite 220 million euros of a capital increase and Credit Agricole the remainder, a source involved in the financin

Spain's Abengoa close to deal on capital hike - sources

MADRID, Sept 23 (Reuters) - Spanish energy firm Abengoa is close to a deal with creditor banks on its planned 650 million euro ($725 million) capital raise, three sources with direct knowledge of the matter said on Wednesday. Banks Santander, HSBC and Credit Agricole have accepted backin

UPDATE 1-Former trader sues Lloyds for unfair dismissal after Libor probe

(Adds comment from Lloyds, details) By Steve Slater LONDON, Sept 23 (Reuters) - A former trader at Lloyds Banking Group who was among eight people dismissed after the bank's settlement for alleged manipulation of Libor interest rates is suing the bank for unfair dismissal, a court doc

London leapfrogs New York as world's leading financial hub - survey

LONDON, Sept 23 (Reuters) - London has regained its crown as the world's leading financial centre, according to a survey of industry professionals on Wednesday, benefiting from the clear election victory by the Conservative party to overtake New York. The online survey of more than 2,000 in

Axiom Alternative Investments launches regulatory capital fund

LONDON, Sept 22 (Reuters) - Axiom Alternative Investments is launching a fund to invest in loss-bearing bonds issued by European banks and insurers, as they look to strengthen balance sheets before the onset of tighter rules on capital reserves. The fund manager said on Tuesday it was looki

Broker tips: RSA, Glencore, HSBC

(ShareCast News) - Deutsche Bank cut its price target on RSA Insurance back to a "fundamental" 430p from 540p on news that Zurich Insurance has ended offer talks with the London-listed insurer. The broker said it's unlikely that any of the European composites will emerge as rival bidders and certain