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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: 696.50
Bid: 692.50
Ask: 692.80
Change: -5.20 (-0.74%)
Spread: 0.30 (0.043%)
Open: 707.00
High: 714.60
Low: 685.00
Prev. Close: 701.70
HSBA Live PriceLast checked at -

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FCA wants banks to fund FX fines out of their bonuses

Sun, 21st Dec 2014 10:49

The banks involved in the foreign exchange rigging scandal should fund their fines out of this year's bonuses, the Financial Conduct Authority (FCA) has said.Citigroup, Royal Bank of Scotland (RBS), HSBC, JP Morgan and UBS were fined a combined £1.1bn by the FCA in November for allowing traders to manipulate foreign exchange rates at the expense of customers."We would expect firms to think hard about this in the current bonus round," Clive Adamson, the FCA's director of supervision, said when announcing the fines.RBS and HSBC were fined £217m and £216.4m respectively, and the five banks that were fined, as well as Bank of America, were fined an additional £1.6bn by US and Swiss authorities.In 2012, RBS slashed its bonuses by over than £300m in the wake of a £390m fine for its role in the Libor scandal,while the bank's total bonus pool amounted to £588m in 2013, which would go some way towards covering the most recent fine it received from the FCA.Meanwhile, HSBC had a bonus pool of just over £2bn last year.Financial authorities have stressed the importance of punishing individuals for misconduct rather than the lenders, with Andrew Bailey, the head of the Bank of England's Prudential Regulation Authority suggesting that if banks have to fund the fines themselves, capital positions could be under threat.
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8 Apr 2024 07:00

HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says

Managers focused on growth after complex transformation

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5 Apr 2024 07:29

Spain's Berge drops plans to list its Astara unit this year

MADRID, April 5 (Reuters) - Spanish privately owned logistics group Berge has dropped plans to list shares in its automotive unit Astara as market conditions are not the most appropriate for a flotation, the company said late Thursday.

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3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.

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3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

LONDON, April 3 (Reuters) - Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

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2 Apr 2024 17:28

London stocks dip in global risk off mood; commodity-linked stocks jump

FTSE 100 down 0.2%, FTSE 250 adds 0.9%

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

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2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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2 Apr 2024 08:44

TOP NEWS: HSBC to pay special dividend after completing Canadian sale

(Alliance News) - HSBC Holdings PLC on Tuesday said it would pay shareholders a special dividend after completing the sale of its Canadian business.

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2 Apr 2024 08:05

LONDON BRIEFING: HSBC in special payout on Canada sale; Astra FDA win

(Alliance News) - London's FTSE 100 traded higher on Tuesday following the long weekend, as investors react to US data, and look ahead to manufacturing sector readings from Europe later.

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28 Mar 2024 09:55

UBS makes Ermotti Europe's best-paid bank boss with $16 mln package

Ermotti earned $15.9 mln in 2023

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27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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27 Mar 2024 08:54

Britain's Vanquis bank 'resets' business after 2023 loss

LONDON, March 27 (Reuters) - Vanquis Banking Group on Wednesday said it was resetting its business, highlighting the challenges faced by Britain's smaller banks, after reporting a 4.4 million-pound ($5.55 million) loss before tax for 2023.

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27 Mar 2024 07:44

Britain's Vanquis bank 'resets' business after 2023 loss

LONDON, March 27 (Reuters) - Vanquis Banking Group on Wednesday said it was resetting its business, highlighting the challenges faced by Britain's smaller banks, after reporting a 4.4 million-pound ($5.55 million) loss before tax for 2023.

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