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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 705.00
Bid: 705.80
Ask: 705.90
Change: 7.50 (1.08%)
Spread: 0.10 (0.014%)
Open: 705.40
High: 712.30
Low: 703.60
Prev. Close: 697.50
HSBA Live PriceLast checked at -

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Banks launch new mortgages as governent extends Help to Buy scheme

Tue, 08th Oct 2013 10:40

UK banks were on Tuesday beginning to reveal details on new mortgages as part of the government's extended Help to Buy scheme. The extension means that buyers may now be able to afford a mortgage with a significantly smaller deposit, although there have been widespread concerns that it will result in a housing price bubble. The first banks to take advantage of the landmark £12bn scheme are Halifax, RBS and NatWest. The latter two are offering customers two-year, 4.99% fixed-rate mortgages on a 5% deposit, with no fee. Both HSBC and Virgin Money also plan to offer new mortgage deals within the next six months.Buyers will by able to take out mortgages on up to 95% of a property's value on homes worth up to £600,000, and depending on the size of the deposit the government will guarantee up to 15% of the property's value, in return for a fee from the lender. The Prime Minister said of the scheme: "Too many hardworking people are finding it impossible to buy their own home - people who can afford the monthly mortgage payments but haven't got rich parents and can't pay the deposit up front."There is a need for government to act. Buying your first home is about far more than four walls to sleep at night. It's somewhere to put down roots and raise a family. It's an investment for the future. Above all, it's a sign that everything you've put in has been worth it."Our Help to Buy Equity Loans, have already helped over 15000 people buy a new home. But we've got to go further and finish the job we've started [...]"Moves such as Help to Buy will also encourage housebuilding. If potential buyers can't buy, builders won't build - so this is an important part of unlocking the market."However, the Treasury Select Committee was feeling far less confident in the scheme, and on Monday evening revealed it had serious concerns, saying the move could "raise house prices rather than stimulate new supply". The MP group continued: "Given the chequered history of government interventions in residential property, great care will need to be taken in both the construction and running of this scheme. Mistakes could distort the housing market or carry threats to financial stability. "The government has yet to allay the committee's concerns about the Help to Buy mortgage guarantee scheme. It may not have the effects intended."However, on Tuesday Treasury Secretary Danny Alexander responded by saying those who held the belief a property bubble would be created ought to "get out more". NR
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8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

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8 Jan 2024 07:16

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

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8 Jan 2024 07:14

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

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1 Jan 2024 16:17

HSBC completes sale of retail banking business in France

Jan 1 (Reuters) - HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement on Monday.

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1 Jan 2024 11:21

HSBC transfers retail bank in France to private equity firm Cerberus

(Alliance News) - After more than two years, HSBC Holdings PLC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus Capital Management LP.

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22 Dec 2023 16:28

Rai Way investors seek update on mooted TV towers tie-up - sources

Tie-up with EI Towers would create national leader

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22 Dec 2023 14:58

Rai Way investors seek update on mooted TV towers tie-up - sources

MILAN, Dec 22 (Reuters) - A group of investors holding around 10% of Rai Way's MI> capital has asked for the board of the state-owned Italian TV towers group to provide an update on a long-mooted combination with rival EI Towers to create a national champion, sources said on Friday.

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22 Dec 2023 10:59

South Korea fines two global banks for short-selling rule breaches

SEOUL, Dec 22 (Reuters) - South Korea's financial regulator said on Friday that it would fine two unnamed global investment banks and one local brokerage a record 26.5 billion won ($20.41 million) in total for naked short selling.

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22 Dec 2023 09:01

LONDON MARKET OPEN: Stocks snowed under; UK on brink of recession

(Alliance News) - Stock prices in London opened lower on Friday, with investors not feeling in a festive mood ahead of US inflation data.

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22 Dec 2023 07:50

LONDON BRIEFING: UK on brink of recession as economy contracts in Q3

(Alliance News) - Stocks in London are likely to open lower on Friday, with investors feeling frosty ahead of a US inflation print this afternoon, amid sobering UK economic growth data.

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22 Dec 2023 07:02

Canada govt approves $13bn sale of HSBC local unit to RBC

(Sharecast News) - The Canadian government has approved the $13.5bn takeover of HSBC Canada by RBC, allowing the sale to proceed despite calls for it to be blocked over fears of reduced competition in the sector.

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22 Dec 2023 06:32

HSBC eyes special payout as Canada OKs USD10 billion unit sale to RBC

(Alliance News) - HSBC Holdings PLC on Friday said the sale of its business in Canada to Royal Bank of Canada has received approval from the Canadian minister of finance, enabling the deal to proceed.

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22 Dec 2023 01:34

Canada approves RBC's deal for HSBC Canada, with conditions

Dec 21 (Reuters) -

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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