HSBC Holdings Share News (HSBA)

RPT-INSIGHT-Sanctions-scarred banks may hold back Iran's economic relief

(Repeats story with no change to text) By Yeganeh Torbati, Anna Yukhananov and Karen Freifeld WASHINGTON/NEW YORK, May 14 (Reuters) - Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank exec

MOVES-Liquidnet hires Taylor from HSBC for fixed income sales

LONDON, May 14 (IFR) - Bond trading network Liquidnet has hired former HSBC bond salesman Mark Taylor as a senior member of the fixed income sales team. He will work with global head of fixed income Constantinos Antoniades and Jonathan Gray, head of fixed income in the Europe, Middle East and Af

INSIGHT-Sanctions-scarred banks may hold back Iran's economic relief

By Yeganeh Torbati, Anna Yukhananov and Karen Freifeld WASHINGTON/NEW YORK, May 14 (Reuters) - Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran'

BUZZ -Hang Seng Bank rises to near 7-yr high on stake sale in Chinese bank

** Hang Seng Bank rises 2.9 pct to highest since September 2008 ** Selling stake in China's Industrial Bank Co Ltd worth up to 16.8 bln yuan ** Hong Kong-based lender says net gain on stake sale estimated at HK$7.6 bln ** Benchmark Hang Seng Index down 0.1 pct (RM: donny.kwok

Itaú-led group sues Brazil's Schahin for $371 mln in overdue loans

BRASILIA, May 12 (Reuters) - Thirteen Brazilian and international banks filed a lawsuit in New York on Tuesday against two units of ailing engineering and oil conglomerate Grupo Schahin to recover $371 million in overdue principal and interest on loans. The lawsuit comes weeks after Schahin

Hang Seng Bank to sell $2.7 bln stake in China's Industrial Bank

HONG KONG, May 13 (Reuters) - Hang Seng Bank Ltd, a unit of HSBC Holdings, said it is selling a stake in China's Industrial Bank Co Ltd worth up to 16.8 billion yuan ($2.7 billion) to bolster its capital position and to fund expansion. The sale of the up to 4.99 percent stake is the second

Swiss banking to flourish after tax crackdown, says HSBC executive

ZURICH, May 12 (Reuters) - Switzerland's banks will benefit from the global crackdown on tax avoidance, the president of the country's association of foreign banks and head of HSBC's Swiss private banking arm said on Tuesday. The Alpine nation famed for its banking secrecy is bowing to int

Tuesday broker round-up

HSBC: Macquarie downgrades to underperform and lowers target to 520p from 600p. StanChart: Macquarie downgrades to underperform and lowers target to 850p from 950p. easyJet: Panmure Gordon reiterates buy with 2,000p target, Numis stays at buy with 2,100p target. Mitchells&Butlers: JP Morgan Cazeno

HSBC's Hang Seng To Sell Most Of Remaining Industrial Bank Stake

Macquarie downgrades HSBC and StanChart

On Tuesday analysts at Macquarie downgraded their recommendations on shares of HSBC and Standard Chartered. The Australia-based broker lowered its recommendation on the former by two notches to underperform. The broker thinks it may be the first big bank to break-up. They set a price target of 520

REUTERS SUMMIT- New UK bank Atom eyes 5 pct market share by 2020

(Adds comments from CEO, details) * CEO wants switching deadline cut to 24 hours * Atom expects to launch later this year * Bank will be digital with no branches * Bank seeking further investment to fund lending By Matt Scuffham and Steve Slater LONDON, May 11

London open: Miners lead stocks higher after China rate cut

UK stocks extended gains on Monday with the Footsie once again nearing record highs, as mining stocks reacted positively to another rate cut in China. After surging 2.3% on Friday in the aftermath of the Conservative's election victory, the FTSE 100 was up a further 0.37% on Monday morning at 7,073.

HSBC sets aside £8bn for small businesses

Banking giant HSBC has allocated £8bn to lend to small and medium-sized businesses in Britain, the FTSE 100 group said on Sunday. The lender said its small and medium-sized enterprises (SME) loan offering will see Manchester, Birmingham and Manchester receive at least £400m each, with an additional

BROKER RATINGS SUMMARY: SocGen Cuts Aberdeen Asset Management To Hold

UPDATE 1-Second Swiss bank reaches deal under U.S. tax program

(Adds details, background) By Karen Freifeld NEW YORK, May 8 (Reuters) - Vadian Bank AG has become the second of what are expected to be dozens of Switzerland-based private banks to reach a deal with the U.S. Department of Justice under a voluntary disclosure program for assisting Ame