HSBC Holdings Share News (HSBA)

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

UK WINNERS & LOSERS: Oil Stocks, Gold Miners Hit By Price Weakness

UK BROKER RATINGS: Numis Upgrades Schroders To Add From Hold

UK MORNING BRIEFING: Prudential Down As CEO Departs For Credit Suisse

Goldman Sachs upgrades HSBC to 'buy'

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

Tuesday newspaper round-up: Prudential CEO, BBC scandal, Conservatives

Present chief executive of Britain's Prudential Insurance Group has been lined up to replace Brady Dougan as leader of Credit Suisse, the Financial Times reported. BBC Trust chair Rona Fairhead has been told she should resign after her involvement in the HSBC tax avoidance scandal was revealed to th

UPDATE 1-Argentina wants HSBC to repatriate $3.5 bln in offshore funds

(Adds background on charges, other probes, quotes from Argentine official and HSBC) BUENOS AIRES/LONDON, March 9 (Reuters) - Argentina wants HSBC Holdings Plc to repatriate $3.5 billion that it says the bank's Argentine branch moved offshore to help clients evade taxes and move capital abro

HSBC boss says he should stay in role, despite damage to bank

HSBC chief executive Stuart Gulliver has admitted the scandal surrounding his personal tax arrangements have damaged the bank's reputation. However, insisting he was fit to stay on as head of HSBC to the Public Accounts Committee (PAC), Gulliver blamed media coverage for exacerbating damage. Gull

Morgan Stanley expects UK bank capital ratios to rise further to meet regulatory standards

US heavyweight banking titan Morgan Stanley took note of the rising capital demands for UK banks in its latest note to clients and now expects that over 13% of Common Tier Equity 1 (CTE1) ratios to become the new baseline for the sector. "We see more evidence that the seemingly relentless march upwa