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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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FSA declares British Banks in yet another scandal

Fri, 29th Jun 2012 07:19

British banks look to be at the centre of another yet another scandal as the Financial Services Authority (FSA) revealed it has found 'serious failings' in the way lenders sold complicated interest rate protection products to businesses.Some businesses claims they have been bankrupted by the liabilities they took on when entering the so called "swap" arrangements. The BBC has named the banks involved as Barclays, HSBC, Lloyds and RBS.Lloyds has already issued a comment, saying it had "[...] assisted the FSA fully in relation to its review and has agreed to work with an independent third party to carry out a thorough assessment of sales of these products to certain customers."The statement adds: "[...] the financial impact of this remediation and the associated costs are not expected to be material to the group."Shareholders will be very worried though. On Wednesday Barclays shares dropped 15% after the FSA fined it £290m for manipulating the LIBOR interest rate.The new scandal will bring to mind the billions banks have had to pay out following the mis-selling of payment protection insurance that emerged last year.Businesses were sold the swaps as a way of protecting them from large swings in interest rates. Apparently, some were even told that without the swaps their credit rating would suffer. Instead, since interest rates have come down in the wake of the 2008 financial crisis, the businesses have been left with cripplingly high financing costs.BS
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30 Aug 2023 12:19

40-year mortgage terms now offered by HSBC UK

(Alliance News) - HSBC Holdings PLC's HSBC UK is offering 40-year mortgages to help people on to or up the property ladder.

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European shares at two-week high; UK's FTSE 100 outperforms

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China's Ping An Insurance first-half profit falls 1.2%, retail business weakens

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LONDON BROKER RATINGS: UBS cuts HSBC; Barclays cuts SDCL Energy

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(Alliance News) - Stocks in London are called to open higher on Tuesday, following a long bank holiday weekend.

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Saudi Arabia healthcare group Fakeeh Care weighs IPO, appoints HSBC - sources

DUBAI, Aug 27 (Reuters) - Saudi Arabia's Fakeeh Care, one of the largest private hospital groups in the kingdom, is considering selling a 30% stake through an initial public offering (IPO), two sources with knowledge of the matter told Reuters.

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21 Aug 2023 09:24

LONDON BROKER RATINGS: Jefferies raises HSBC price target

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

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21 Aug 2023 07:43

LONDON BRIEFING: Crest Nicholson lowers annual profit forecast

(Alliance News) - Stocks in London are called flat on Monday, with little in the way of economic data or company updates to reignite risk appetite.

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18 Aug 2023 17:34

European shares sink to lowest in six weeks, China woes loom large

China-exposed firms fall on growth concerns

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18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

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17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

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16 Aug 2023 17:33

European shares fall on mounting China worries, banks lag

UK inflation data weighs on FTSE 100

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16 Aug 2023 16:55

LONDON MARKET CLOSE: FTSE falls on rate fears and niggling China worry

(Alliance News) - Stock prices in London closed lower on Wednesday, with interest rate-sensitive stocks on the back foot, as a robust core inflation reading poured cold water on hope of a Bank of England pause.

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15 Aug 2023 17:29

Sweden, UK lead European shares lower on rate-hike fears

China-exposed firms drop after weak economic data

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