Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 712.40
Bid: 712.30
Ask: 712.50
Change: 7.40 (1.05%)
Spread: 0.20 (0.028%)
Open: 706.50
High: 712.40
Low: 706.00
Prev. Close: 705.00
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Global bank profits hit $920 bln as Chinese lenders boom

Sun, 29th Jun 2014 23:01

LONDON, June 30 (Reuters) - China's top banks accounted foralmost one-third of a record $920 billion of profits made by theworld's top 1000 banks last year, showing their rise in powersince the financial crisis, a survey showed on Monday.

China's banks made $292 billion in aggregate pretax profitlast year, or 32 percent of the industry's global earnings,according to The Banker magazine's annual rankings of theprofits and capital strength of the world's biggest 1,000 banks.

Last year's global profits were up 23 percent from theprevious year to their highest ever level, led by profits of $55billion at Industrial and Commercial Bank of China (ICBC). China Construction Bank, AgricultureBank of China and Bank of China filledthe top four positions.

Banks in the United States made aggregate profits of $183billion, or 20 percent of the global tally, led by Wells Fargo's earnings of $32 billion.

Banks in the eurozone contributed just 3 percent to theglobal profit pool, down from 25 percent before the 2008financial crisis, the study showed. Italian banks lost $35billion in aggregate last year, the worst performance by anycountry.

Banks in Japan made $64 billion of profit last year, or 7percent of the global total, followed by banks in Canada, Franceand Australia ($39 billion in each country), Brazil ($26billion) and Britain ($22 billion), The Banker said.

The magazine said ICBC kept its position as the world'sstrongest bank, based on how much capital they hold - whichreflects their ability to lend on a large scale and endureshocks.

China Construction Bank jumped to second from fifth in therankings of strength and was followed by JPMorgan, Bankof America and HSBC.

ICBC, which took the top position last year for the firsttime, was one of four Chinese banks in the latest top 10.

Wells Fargo has this year jumped to become the world'sbiggest bank by market value, after a surge in its share priceon the back of sustained earnings growth. Its market value is$275 billion, about $75 billion more than ICBC.

The Banker said African banks made the highest returns oncapital last year of 24 percent - double the average in the restof the world and six times the average return of 4 percent atEuropean lenders. (Reporting by Steve Slater. Editing by Jane Merriman)

More News
25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

Read more
23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

Read more
22 Jan 2024 10:45

HSBC chair 'confident' on China investment, meets vice president - state media

BEIJING/HONG KONG, Jan 22 (Reuters) - China's Vice President Han Zheng on Monday met with HSBC Chairman Mark Tucker in Beijing and urged the banking giant to deepen cooperation with China to improve Hong Kong's status as a financial centre, the official Xinhua news agency reported.

Read more
18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

Read more
17 Jan 2024 17:05

European shares slide more than 1% on hawkish ECB remarks, disappointing China data

Dec. EZ final consumer prices at 2.9% on yearly basis

*

Read more
16 Jan 2024 09:27

IN BRIEF: RBC targets completion of HSBC Canada buy in late March

Royal Bank of Canada - Toronto-based lender - Targets March 28 as close date for acquisition of HSBC Bank Canada. RBC will begin conversion activities once the transaction closes and will open the branches and offices in Canada for business a few days later on April 1.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

Read more
15 Jan 2024 17:06

UK's FTSE 100 slips as luxury, bank stocks weigh

FTSE 100 down 0.4%, FTSE 250 flat

*

Read more
15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

*

Read more
15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

Read more
15 Jan 2024 12:04

LONDON MARKET MIDDAY: Stocks head lower in quiet trade amid US holiday

(Alliance News) - Stock prices in London were lower at midday Monday, with trading likely to remain subdued due to a public holiday in the US.

Read more
15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

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

Read more
11 Jan 2024 22:04

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 20:28

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.