HONG KONG, May 22 (Reuters) - HSBC Holdings Plc is exploring the sale of its Brazilian unit, the UK-based lender said in a stock exchange filing in Hong Kong on Friday. Reuters reported on May 13 that HSBC would select a preferred bidder for the struggling business by as early as next mon
Read more* New banks increased lending by 16 percent in 2014 * New banks average return on equity better than 'Big Five' LONDON, May 22 (Reuters) - Britain's new banks are achieving superior returns than larger rivals, picking up customers shunned by bigger lenders since the 2007-9 financial c
Read more(Adds details, case citation, comments, byline) By Jonathan Stempel CHICAGO, May 21 (Reuters) - A U.S. appeals court on Thursday reversed a $2.46 billion judgment against HSBC Holdings Plc in a long-running securities fraud class action stemming from a consumer finance business it bo
Read moreCHICAGO, May 21 (Reuters) - A U.S. appeals court on Thursday said HSBC Holdings Plc is entitled to a new trial in a long-running securities fraud case that led to a $2.46 billion judgment against a consumer finance business it bought more than 12 years ago. The 7th U.S. Circuit Court of App
Read moreBarclays: JP Morgan Cazenove reiterates overweight and 285p target. StanChart: Goldman sachs reiterates neutral. St.James Place: Numis reiterates add and 1050p target. Hargreaves Lansdown: JP Morgan Cazenove reiterates neutral and raises target to 1,100p from 1,050p. UK Mail Group: RBC Capital re
Read moreStronger-than-expected retail sales data wasn't enough to boost London's stocks on Thursday with markets rangebound as the FTSE 100 continues to fluctuate around the 7,000 mark. UK retail sales jumped 1.2% in April, according to the Office for National Statistics, more than making up for the 0.7% de
Read moreBy Frances Yoon HONG KONG, May 21 (IFR) - The Republic of Indonesia is marketing a 10-year US dollar sukuk to yield around 4.55%. Indonesia, Asia's most active sovereign borrower in the US dollar market, is indicating a benchmark size for the deal, typically at least $500 million.
Read moreHSBC's plans to segregate its UK retail banking operations have hit a fresh obstacle after regulators indicated that a prospective candidate for the division's chairmanship would be inegible for the role, according to Sky News. Sky said that HSBC had held preliminary talks with the Prudential Regula
Read more