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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: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
HSBA Live PriceLast checked at -

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Broker snap: Nomura stays cautious about UK banks

Mon, 18th Jun 2012 09:50

Despite last week's announcement of stimulus measures for UK banks, Nomura has maintained its 'neutral' rating on the sector, saying that the outlook for lenders is still difficult.During the Mansion House speech on Thursday night, authorities announced two key measures to reduce the cost of funding for UK banks. A new 'Funding for Lending' scheme has been set up to encourage banks to lend against cheaper-than-market funding. A second scheme, called Extended Collateral Term Repo Facility, will give banks access to short-term money to manage "exceptional market stresses". "The schemes appear to be designed to provide liquidity to banks so that they are not forced to de-leverage for liquidity needs, thereby creating a debt deflationary spiral," explains Nomura in a research note on Monday morning. However, the broker says that while these measures are positive for lenders reliant on wholesale funding, "they only mitigate the pressures banks are facing in a tough environment.""UK banks rallied with the monetary measures announced along with the ICB proposals. While the initial positive reaction is justified and may even extend this week, we see it more as a trading/short term rally, and a continuation of the volatile price reaction we have seen over the past year."Nomura questions whether these measures were a precautionary act ahead of the Greek elections to contain any fallout, or whether they were introduced because the outlook for UK banks has worsened."While in the near term banks will be driven by risk appetite, sovereign risks and de-leveraging, we continue to see an extended period of weak fundamentals for UK and European banks, including sub-trend profitability and de-leveraging, which is negative for earnings and book value."Nomura remains defensively positioned within the UK banking sector, preferring Standard Chartered and HSBC (both given 'buy' ratings) for their exposure to the emerging markets. Barclays is given a 'neutral' rating, while Lloyds and Royal Bank of Scotland are both labelled 'reduce'.Banking stocks were down 0.58% on average in morning trade on Monday.BC
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UK plans new system to tackle small bank failures after SVB collapse

LONDON, Jan 11 (Reuters) - Britain's finance ministry plans to introduce new procedures to manage the failure of small banks more effectively, it said on Thursday, following last year's high-profile collapse of U.S.-based Silicon Valley Bank (SVB).

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Saudi Arabia plans benchmark-sized three-tranche bond

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

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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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