HSBC Holdings Share News (HSBA)

UK readies for FX settlement with 6 banks on Wednesday -sources

LONDON, Nov 7 (Reuters) - British regulators could fine a group of six bank for systems and controls failings in their foreign exchange operations as early as next Wednesday, people familiar with the matter said. Three sources said the Financial Conduct Authority (FCA) was working to releas

Friday broker round-up UPDATE

AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra

UK BROKER RATINGS: Goldman Sachs Says Buy Royal Mail And Intertek

Philippine retailer SSI Group climbs 13 pct at market debut

MANILA, Nov 7 (Reuters) - Shares of Philippine specialty retailer SSI Group Inc gained as much as 13 percent at the company's market debut on Friday, after it completed the country's third and largest initial public offering this year worth $166 million. SSI climbed to 8.49 pesos ($0.1884)

UPDATE 1-U.S. regulators to join UK in forex fines for banks

(Adds further comments on settlement, paragraph 7) By Douwe Miedema and Kirstin Ridley WASHINGTON/LONDON, Nov 6 (Reuters) - U.S. regulators plan to join their UK peers in a multi-billion-dollar settlement with a group of the biggest global banks accused of manipulating the foreign exc

UPDATE 2-Watchdog cuts extra capital requirements for UBS, C.Agricole

* 30 banks named as world's most systemically important -FSB * Big banks must hold extra capital from 2016 * FSB adds Agricultural Bank of China to list of top banks * HSBC, JPMorgan must hold extra 2.5 pct capital (Adds Breakingviews link) By Steve Slater LONDON,

U.S. regulators to join UK in forex fines for banks

By Douwe Miedema and Kirstin Ridley WASHINGTON/LONDON, Nov 6 (Reuters) - U.S. regulators plan to join their UK peers in a multi-billion-dollar settlement with a group of the biggest global banks accused of manipulating the foreign exchange market, sources familiar with the matter said, addi

U.S. expects more Libor charges and plea talks with bank: prosecutor

By Nate Raymond NEW YORK, Nov 6 (Reuters) - A sprawling, global investigation into whether banks manipulated Libor benchmark interest rates may result in U.S. charges against more individual defendants and a guilty plea from another bank, a U.S. Department of Justice lawyer said on Thursday

FSB cuts amount of extra capital UBS, C.Agricole must hold

LONDON, Nov 6 (Reuters) - Switzerland's UBS and France's Credit Agricole will not have to hold as much extra capital as previously expected after regulators said they were less systemically important than a year ago. The Financial Stability Board on Thursday issued a list of 30 banks consid

Competition Investigation Launched Into UK Banks

UPDATE 2-UK banks face break-up threat as competition probe launched

* Lack of competition for personal, small businesses -watchdog * Probe marks latest step to break dominance of UK's "big 4" banks * Investigation could take until summer 2016 * Lloyds shares down 1.2 pct, Barclays, RBS, HSBC dip (Adds comments from politicians, business group,

CMA launches enquiry into current accounts and SME banking

The UK competition authority has launched an "in-depth market investigation" into both the personal current account and small business retail banking sectors, which could help 'challenger banks' to grow. Having in July said it was looking at whether to probe the sector, the Competition and Markets A

UK launches probe into competition for banking services

LONDON, Nov 6 (Reuters) - Britain's competition watchdog launched a full investigation into banking services for small business customers and personal accounts on Thursday that could see big banks forced to sell branches or face other remedial measures. The Competition and Markets Authority

"Stop shouting at Europe", City lobby group tells UK's rulers

By Guy Faulconbridge LONDON, Nov 5 (Reuters) - British politicians should stop shouting at their European Union partners from the sidelines and start building alliances to ensure proper reform of the world's richest region, a lobby group for powerful banks and money managers said on Wednesd

JP Morgan sets aside $5.9bn ahead of currency probe

US banking giant JP Morgan has increased the amount of money set aside for potential litigation costs by $1.3bn (£813m), after revealing its currency trading operations were under investigation by the US Department of Justice (DoJ). The Financial Conduct Authority (FCA) in the UK and the Commodity F