HSBC Holdings Share News (HSBA)

UPDATE 2-UK watchdog wants to ease bank account switching

(Adds Payment Systems Regulator comment) By Huw Jones LONDON, March 12 (Reuters) - Allowing customers to take their bank account number with them would encourage more Britons to switch lenders, Britain's financial regulator said on Thursday. Such flexibility has long been a feat

UK banks' bill for mis-selling loans insurance hits 18 bln pounds

LONDON, March 12 (Reuters) - Britain's banks and other lenders have paid out 18 billion pounds ($27 billion) to compensate borrowers mis-sold payment protection insurance (PPI), after paying out 339 million pounds in December, the financial regulator said. The bill for December was an incre

UK finance ministry backs independent review of swaps redress

LONDON, March 12 (Reuters) - Britain's finance ministry said that it supported an independent review into a scheme set up by Britain's financial regulator to compensate small firms mis-sold complex interest rate hedging products. Parliament's Treasury Committee on Tuesday recommended that t

UPDATE: Shawbrook Latest New UK Lender To Head To Stock Market (ALLIPO)

Malaysia hires banks to manage $2 bln sovereign Islamic bond issue-sources

DUBAI/KUALA LUMPUR, March 12 (Reuters) - Malaysia has hired three lenders to manage the issuance of a sovereign Islamic bond, or sukuk, of up to $2 billion, according to two sources with knowledge of the deal. The banks are CIMB Group Holdings Bhd, HSBC Holdings Plc and Standard Chartered B

UK financial watchdog backs bank account 'portability'

LONDON, March 12 (Reuters) - Allowing customers to keep their bank account number would encourage them to switch to a rival lender, Britain's financial regulator said on Thursday. Banks have said account number "portability" would be costly but the Financial Conduct Authority has backed the

Britain's banking shake-up will take at least five years to bear fruit -regulator

By Huw Jones LONDON, March 11 (Reuters) - It will take another five years or more to make real inroads into the dominance of Britain's five biggest banks, a senior Bank of England official said on Wednesday. Two years ago the government and regulators made it easier for new entrants t

Investors to pause forex litigation amid U.S. government probe

By Nate Raymond NEW YORK, March 10 (Reuters) - Lawyers pursuing an antitrust lawsuit by investors accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market agreed to put most of the litigation on hold amid a related criminal probe by the U.S. Department of

UPDATE 2-UK MPs want independent review of swaps redress scheme

* Committee recommends independent oversight of review * Says FCA must demonstrate process credible * Says Treasury can require work to be done (Adds further comments from Committee chairman) By Matt Scuffham LONDON, March 10 (Reuters) - Britain's financial regulator sho

Germany's Voith launches sale of industrial services business -sources

FRANKFURT, March 10 (Reuters) - German engineering group Voith is launching the sale of its industrial services business in a potential 350 million euro ($375 million) deal, two people familiar with the matter said. The unlisted group is seeking to catch up with a rapid technological shift

UK lawmakers tell regulator to review swaps compensation scheme

LONDON, March 10 (Reuters) - Britain's financial regulator should review a scheme it set up to enable customers mis-sold complex hedging products to seek compensation to ensure it didn't favour banks, an influential committee of lawmakers said. The Treasury Committee, which monitors Britain

Broker tips: HSBC, Morrisons, Capita, G4S

Recent strength in US interest rates, together with opportunities to streamline some of its less profitable operations, should act as catalysts for shares in the world's local bank, HSBC. That was the opinion of analysts at Goldman Sachs who upgraded their view on shares of HSBC to 'buy' from 'neutr

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