HSBC Holdings Share News (HSBA)

Geneva prosecutor says HSBC settlement does not affect employees

GENEVA, June 4 (Reuters) - Geneva's prosecutor said on Thursday the settlement with HSBC over its Swiss private bank does not affect its employees. "The solution found concerns only criminal responsibility of the bank ... This closing of the affair absolutely does not affect former employee

PRESS: Swiss Prosecutor Drops HSBC Private Bank Probe - FT

HSBC to pay 40 mln Swiss francs in Geneva money laundering probe

ZURICH/GENEVA, June 4 (Reuters) - HSBC said on Thursday it had agreed to pay Geneva authorities 40 million Swiss francs ($43.02 million) to settle an investigation into allegations of aggravated money laundering at its Swiss private bank. The bank said in a statement that the payment was c

Tesco hires HSBC to explore sale of $6 bln S.Korea unit-sources

HONG KONG, June 4 (Reuters) - British retailer Tesco is exploring the sale of its South Korean operations, valued at about $6 billion, and has hired HSBC as the financial adviser, people familiar with the matter told Reuters on Thursday. The potential sale of Tesco's biggest operations out

Hong Kong c.bank official warns over anti-money laundering lapses

HONG KONG, June 4 (Reuters) - Hong Kong's banking regulator has said that banks in the city need to step-up anti-money laundering efforts, and has warned it would not hesitate to sanction lapses in detecting dirty money in the wake of the FIFA bribery scandal. Stewart Mcglynn, head of banki

INSIGHT-Banks wary of doing FIFA business in wake of bribery scandal

By Brett Wolf and Douwe Miedema ST. LOUIS/WASHINGTON, June 3 (Reuters) - The disclosure that some of the world's largest banks had been used as a conduit for bribes allegedly paid to soccer officials has prompted the banks to scrutinize their ties with FIFA, and could make it more difficult

RPT-Too big to succeed? Investors want "radical surgery" at HSBC

(Repeats Tuesday item) * Investors believe HSBC bosses need to announce bold moves * No action too big to debate, including break-up, they say * Shareholders ask if global empire is worth the expense * They want to hear how CEO will cut investment banking arm By Sine

London's financial centre will grow if Britain stays in EU-study

* City's output to increase by 16 bln pounds by 2025 -study * 39,000 City jobs would be created in next 10 years -study * EU membership incredibly important for City -lawmaker * City growth would help generate 145,000 new jobs in London By Matt Scuffham LONDON, June

Britain to exceed government target for 15 new banks in next 5 years

LONDON, June 2 (Reuters) - Britain will exceed a government target of getting 15 new banks into the market over the next five years to help to boost competition, the country's top financial markets regulator said on Tuesday. Prime Minister David Cameron's government, elected last month, set

Too big to succeed? Investors want "radical surgery" at HSBC

* Investors believe HSBC bosses need to announce bold moves * No action too big to debate, including break-up, they say * Shareholders ask if global empire is worth the expense * They want to hear how CEO will cut investment banking arm By Sinead Cruise and Steve SlaterRead more

REFILE-MOVES-HSBC appoints two female non-executive directors

(Refiles to remove extraneous word in third paragraph) LONDON, June 2 (Reuters) - Europe's biggest bank HSBC said on Tuesday Irene Lee and Pauline van der Meer Mohr will join its board later in 2015 as non-executive directors. Lee has over 30 years of finance industry experience and

LONDON MIDDAY BRIEFING: Wolseley Gains As BAT Slides On Canada Ruling

TOP NEWS: BAT To Appeal CAD15.6 Billion Ruling In Canadian Smoker Case

UPDATE 1-French prosecutor requests HSBC bail to be confirmed -judicial source

(Releads with further details) PARIS, June 2 (Reuters) - French prosecutors have called on judges to confirm a one-billion-euro bail on HSBC Holdings to cover a potential fine over allegations that the bank helped customers dodge tax, a judicial source said on Tuesday. The call came

BROKER RATINGS SUMMARY: Deutsche Bank Cuts BHP Billiton To Hold