HSBC Holdings Share News (HSBA)

UPDATE 1-HSBC to halve countries served by private bank, sells assets

(Adds details) By Steve Slater LONDON, June 24 (Reuters) - HSBC is halving the number of countries its private bank serves after selling a portfolio of Swiss banking assets, the latest bank to narrow its wealth management focus in a bid to improve profitability and cut compliance risk

China rubber stocks fall as port probe hits financing -sources

* Rubber stocks at Qingdao port fall more than 9 pct from May peak-sources * Drop partly linked to financing drying up after port fraud probe * Benchmark Tokyo futures down more than a fifth this year By Lewa Pardomuan SINGAPORE, June 24 (Reuters) - Rubber stocks in bonded

HSBC Sells Swiss Private Banking Portfolio To LGT Group

HSBC sells $12 bln of Swiss private bank assets to LGT

LONDON/ZURICH, June 24 (Reuters) - HSBC Holdings said it is selling $12.5 billion of private banking assets in Switzerland to Liechtenstein's biggest bank LGT Group Foundation . HSBC said the deal is subject to regulatory and other approvals and is expected to complete in the last quarter

UPDATE 3-U.S. top court adds limit to securities class actions

(Adds lawyer's comments, other cases) By Lawrence Hurley and Jonathan Stempel WASHINGTON, June 23 (Reuters) - The U.S. Supreme Court on Monday made it harder for investors to band together to pursue securities fraud lawsuits against publicly traded companies, but stopped short of issu

UK banks push measures to encourage new challengers

* Banks call for level capital playing field for newcomers * Newcomers should have cheaper access to payments system * Local authorities should place deposits with new banks * Regulation should be proportionate to size of bank By Matt Scuffham LONDON, June 23 (Reuter

British Car Auctions prepares to float - report

LONDON, June 22 (Reuters) - British Car Auctions (BCA), the UK's largest seller of second-hand vehicles, is lining up a team of banks for a stock market listing planned for after the summer, the Sunday Telegraph newspaper reported, without citing sources. BCA's owner, private equity firm Cl

Sunday newspaper round-up: Tesco, AstraZeneca, Asos

Some of Tesco's biggest shareholders have complained to the retailer's senior independent director (Sid) about its strategy and management, the Sunday Times said. An unidentified top 10 shareholder said it expressed its concerns with the Sid, Patrick Cescau, and not Tesco's Chairman, Sir Richard Bro

DIRECTOR DEALINGS: HSBC Holdings Non-Executive Buys Shares

UPDATE 1-RBS to pay $99.5 mln to settle some FHFA mortgage claims

(Adds details on case, other settlements, byline) By Jonathan Stempel June 19 (Reuters) - Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-back

Deutsche Bank conducts internal probe into trading on gold "fix"

* Deutsche Bank resigned gold and silver "fix" seats in May * Bafin starts investigating Deutsche Bank in mid-2013 By Clara Denina LONDON, June 19 (Reuters) - Deutsche Bank is conducting its own investigation into trading around the setting of London's daily gold price benchmark

Bank of England flexes muscles to improve banking standards

By Huw Jones LONDON, June 19 (Reuters) - The Bank of England (BoE) is determined to improve business standards at banks, and has already forced an unidentified firm to limit its lending and deposit-taking until it met regulatory requirements, it said on Thursday. Policymakers and regu

UK BROKER RATINGS: Canaccord Raises Charles Stanley To Buy

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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TRADERS: MERRILL LYNCH CUTS VODAFONE TO 'NEUTRAL' ('BUY')
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TRADERS: BARCLAYS RAISES WEIR GROUP PRICE TARG

Thursday broker round-up UPDATE

BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:

Wincanton Agrees New Five-Year GBP170 Million Bank Facility

LONDON (Alliance News) - Wincanton PLC Thursday said it has agreed a new GBP170 million bank facility with better pricing, to support its medium-term funding requirements. In a statement Thursday, the supply chain services provider said it has refinanced its main banking facility for a furt