HSBC Holdings Share News (HSBA)

US IG CLOSE-High-grade market prints US$13.5bn, led by banks

By Mike Gambale NEW YORK, March 23 (IFR) - Below is a recap of primary issuance activity in the US high-grade market on Monday: Number of deals priced: 8 Total issuance volume: US$13.5bn Average new issue concession: 8.33bp Average book to cover: 3.37 PRICED DE

UPDATE 1-U.S. regulators say foreign bank crisis plans fall short

(Adds detail, background) By Douwe Miedema WASHINGTON, March 23 (Reuters) - U.S. bank regulators faulted crisis plans submitted by three foreign banks on Monday, saying they needed to improve the so-called living wills this year or face regulatory repercussions. The plans by BNP

U.S. bank regulators say RBS, BNP, HSBC living wills fall short

WASHINGTON, March 23 (Reuters) - The U.S. Federal Reserve and the Federal Deposit Insurance Corp. on Monday criticized plans by three foreign banks to go through ordinary bankruptcy in times of crisis. Plans submitted by BNP Paribas, Royal Bank of Scotland and HSBC showed shortcomings that

MOVES- Deutsche Bank, HSBC Global Asset, Willis Group

March 23 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com. DEUTSCHE BANK AG Deutsche Bank said it appointed Simon Denny as head of investment banking for South Africa. Denny t

UPDATE 2-Liechtenstein's LGT sanguine about risk from HSBC private bank deal

* Says assets bought from HSBC were among cleanest it viewed * Net profit up 18 pct, assets under management up 20 pct (Adds comment from LGT CEO) By Katharina Bart ZURICH, March 23 (Reuters) - Liechtenstein's biggest bank LGT does not expect to suffer any fallout from assets

US IG WRAP-Yankee financials dive into dollar market

By Danielle Robinson NEW YORK, March 23 (IFR) - Yankee financials dived into the dollar market on Monday, with HSBC, UBS, Credit Suisse and Hyundai all seeking to lock in funding in the currency while costs look competitive versus euros. HSBC has announced what is the first Additional

Monday broker round-up

RBS: Nomura reiterates buy and lowers target to 350p from 370p. WPP: Westhouse Securities reiterates add lifts target to 1732p from 1577p. HSBC: Nomura reiterates neutral and shaves target to 590p. StanChart: JP Morgan upgrades to overweight. Citi reiterates buy and lifts target to 1300p from 1250

US-IG-OPEN-Yankees jump in after lackluster week

By John Balassi NEW YORK, March 23 (IFR) - Three Yankee deals are already out this morning in the high-grade market, a welcome sign of life after one of the slowest non-holiday weeks of the year. But Greece is weighing on sentiment, oil prices are down again and syndicate desks are expectin

MOVES-HSBC Global Asset Management names Joseph Molloy head of passive equity

March 23 (Reuters) - HSBC Global Asset Management, the investment management business of HSBC Holdings Plc, appointed Joseph Molloy head of passive equity. Molloy, who joined HSBC Global Asset Management on March 9, is based in London, the company said. Molloy joined from Legal & Gene

BROKER RATINGS SUMMARY: Deutsche Bank Cuts Carnival To Hold From Buy

UPDATE 4-Sabadell eyes more UK deals after $2.5 bln TSB takeover

* Sabadell offering 340p per TSB share, 29 pct premium * To raise 1.6 bln euros of new capital * Sabadell attracted by UK economic conditions, margin * Sabadell made approach to TSB on Feb. 27 * Sabadell CEO says in a position to grow in UK market (Adds comments on timin

US IG WRAP-High-grade supply expected to pick up next week

By Danielle Robinson NEW YORK, March 20 (IFR) - The pace of issuance in the US high-grade market is expected to pick up next week with syndicate bankers estimating US$20-US$25bn of supply compared to slightly over US$14bn this week. Already in the queue for next week is a perpetual no

Bank tax rise stokes pressure for StanChart, HSBC to quit UK

By Steve Slater and Sinead Cruise LONDON, March 20 (Reuters) - Asia-focused banks Standard Chartered and HSBC could be tempted to abandon their London headquarters to avoid a jump in the UK bank tax set to cost them a combined $2 billion a year, investors and analysts said. Investors

HSBC set to break ice in US dollar CoCo market.

By Danielle Robinson NEW YORK, March 20 (IFR) - HSBC is set to reopen the US dollar yankee market for additional Tier 1 instruments next week, with an SEC-registered perpetual non-call 10-year preferred contingent convertible deal. The self-led "CoCo" will be the first of its kind fro

Stemcor sells stockholding unit as talks to sell core continue

By Maytaal Angel LONDON, March 20 (Reuters) - UK-based Stemcor has sold its steel stockholding business for an undisclosed amount to MBM Group Services Limited as talks to sell its core steel trading operations continue. The private firm, founded by Hans Oppenheimer and still majority