HSBC Holdings Share News (HSBA)

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

UPDATE 1-HSBC boss says he is right person to run bank

(Adds comments) LONDON, March 9 (Reuters) - HSBC Chief Executive Stuart Gulliver said he is the right person to run HSBC and complete a revamp he began in 2011 after coming under fire from lawmakers over the bank's Swiss tax evasion scandal. Responding to hostile questioning from Brit

BoE says size of investment banks leaves them vulnerable to risks

With trading assets of 10 of the largest investment banks in the UK summing to more than £5trn, the sheer scale of these operations means that liquidity in financial markets can be vulnerable to the failure of a single firm. That was the message of the Bank of England's (BoE) latest quarterly bullet

PRESS: HSBC Chief Says He Is Right For The Job As Pressure Mounts

Argentina wants HSBC to repatriate $3.5 bln in offshore funds

BUENOS AIRES, 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 abroad, the country's tax chief Ricardo Echegaray said on Monday. "Without tax collection, ther

HSBC boss says he is right person to run bank

LONDON, March 9 (Reuters) - HSBC Chief Executive Stuart Gulliver has insisted he is the right person to run HSBC and is committed to completing the revamp of Europe's biggest bank that he began in 2011. Speaking to the members of Britain's Public Accounts Committee on Monday, Gulliver said

PRESS: Argentina Demands HSBC Repay USD3.5 Billion - BBC News

UK's OakNorth gets banking licence, appoints Adair Turner to board

* Turner becomes senior independent director * Bank will open for business this summer LONDON, March 9 (Reuters) - New British bank OakNorth has been granted a banking licence and appointed former top regulator Adair Turner as its senior independent director. The bank, which wil

CivilisedBank plans to join UK challenger banks with 2015 launch

LONDON, March 8 (Reuters) - A new online British bank expects to launch for small and medium-sized business customers later this year after securing its first phase of funding and starting its application for a banking licence, it said on Sunday. CivilisedBank joins a handful of other so-ca

U.S. may settle with corporations without going to court: official

By Nate Raymond NEW ORLEANS, March 6 (Reuters) - The U.S. Justice Department is considering altering how it settles criminal cases with corporations to avoid going to court altogether, amid the increasingly active role judges have taken in reviewing such deals, a top official said on Friday

Tougher test awaits Deutsche Bank after clearing first Fed check

By Thomas Atkins FRANKFURT, March 6 (Reuters) - Deutsche Bank AG has passed the first "stress test" set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten compliance fast enough to appease controllers at the Federal Reserve. Deutsche e