HSBC Holdings Share News (HSBA)

UPDATE 2-UBS faces calls for break-up at investor meeting

* Knight Vinke says now is the time to discuss break-up * UBS says will address investor views at its AGM * One top ten investor dismisses call for outright break-up By Katharina Bart and Sinead Cruise ZURICH/LONDON, May 2 (Reuters) - UBS faced a fresh call to separate its

CNH Tracker-A booster shot for the Hong Kong market

By Saikat Chatterjee HONG KONG, May 2 (Reuters) - Latest reforms in the offshore yuan markets will help banks overcome periodic shortages of cash and signals a new pipeline of products in a market that has stagnated in recent quarters. In a series of steps last Thursday, the Hong Kong Mon

UK regulator defends tough bank capital rules

LONDON, May 1 (Reuters) - Britain's top banking regulator defended his tough rules, saying strong capital buffers were a pre-condition for keeping the economy supplied with credit. Andrew Bailey was speaking after the UK government urged the Bank of England's risk watchdog, on which Bailey

UPDATE 1-Hong Kong-based Richland to shut hedge funds in surprise move

* Two Richland funds manage about $100 mln * Richland also advises on $150 mln for wealthy clients * Richland's main fund made money every year since its 2006 launch By Nishant Kumar HONG KONG, April 30 (Reuters) - Hong Kong-based Richland Capital Management Ltd is shuttin

HSBC Oman Q1 net profit rises 91 pct to 5.7 mln rials -statement

DUBAI, April 30 (Reuters) - HSBC Bank Oman, a unit of HSBC, on Tuesday said its first-quarter net profit rose 91 percent from a year earlier after it benefited from loan recoveries. The lender, Oman's third-largest by market value, made a net profit of 5.7 million rials ($14.81 million) in the

Hong Kong-based Richland to shut hedge funds in surprise move

Hong Kong-based Richland to shut hedge funds in surprise move

By Nishant Kumar HONG KONG, April 30 (Reuters) - Hong Kong-based Richland Capital Management Ltd is shutting down its hedge funds despite outperforming peers, four sources said, an unexpected move for a successful operator in an Asian industry which is struggling to raise assets. Rich

UPDATE 1-ANZ posts 10 pct rise in 1st half profit, boosts dividend

By Jane Wardell SYDNEY, April 30 (Reuters) - Australia and New Zealand Banking Group Ltd, the country's fourth-largest bank, on Tuesday reported a 10 percent rise in first-half cash earnings to A$3.18 billion ($3.29 billion) and announced a forecast-busting dividend. The result was sl

ANZ posts 10 pct rise in 1st half cash earnings, boosts dividend

SYDNEY, April 30 (Reuters) - Australia and New Zealand Banking Group Ltd, the country's fourth-largest bank, on Tuesday reported a 10 percent rise in first-half cash earnings to A$3.18 billion and announced a forecast-busting dividend. The result was slightly ahead of analysts' expectations

MOVES-JPMorgan, StanChart, BlackRock, AIG, Credit Suisse, HSBC

April 29 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com. ** STANDARD CHARTERED BANK The international banking group appointed Michael Kruse in San Francisco as a managing

HSBC sells stake in Hana HSBC Life Insurance

HSBC Insurance, an indirect wholly-owned subsidiary of banking giant HSBC Holdings, has agreed to sell its 50 per cent stake in Hana HSBC Life Insurance Company to Hana Financial Group. The transaction, which is expected to be completed by May 10th, is part of the company's strategy for the develo

Retrenching HSBC strikes deal no.52 with Korean insurance sale

LONDON, April 29 (Reuters) - HSBC Holdings is selling its half stake in the South Korean insurance firm Hana HSBC Life Insurance Co to its partner in the venture, the 52nd deal it has struck as part of a global retreat from peripheral businesses in the past two years. Chief Executive Stuart

RPT-Indian hedge funds dare where foreign investors fear to tread

* Absence of rupee risk, local market knowledge to help domestic funds * High fees, distribution costs to be a challenge for domestic funds * Ten local hedge funds operating under new structure set up by regulator By Subhadip Sircar and Rafael Nam MUMBAI, April 29 (Reuters) - Ind

Indian hedge funds dare where foreign investors fear to tread

* Absence of rupee risk, local market knowledge to help domestic funds * High fees, distribution costs to be a challenge for domestic funds * Ten local hedge funds operating under new structure set up by regulator By Subhadip Sircar and Rafael Nam MUMBAI, April 29 (Reuters

Mexico's Banorte bats down public offer talk; open on acquisitions

By Alexandra Alper ACAPULCO, April 26 (Reuters) - The head of Grupo Financiero Banorte, Mexico's largest domestically owned bank, on Friday pushed back against speculation of a capital raise, but left the door open to possible future pension fund acquisitions. "There is no certainty o