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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: 686.50
Bid: 686.40
Ask: 686.60
Change: -10.50 (-1.51%)
Spread: 0.20 (0.029%)
Open: 691.00
High: 693.80
Low: 680.80
Prev. Close: 697.00
HSBA Live PriceLast checked at -

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HSBC sets aside £8bn for small businesses

Mon, 11th May 2015 08:49

Banking giant HSBC has allocated £8bn to lend to small and medium-sized businesses in Britain, the FTSE 100 group said on Sunday.The lender said its small and medium-sized enterprises (SME) loan offering will see Manchester, Birmingham and Manchester receive at least £400m each, with an additional 40 areas set to receive financial help.The bank said that in a bid to encourage businesses to apply for the loan, it will refund fees on qualifying business loans worth between £1,000 and £300,000 through to the end of July."We're always keen to help out firms that manufacture here, as it's important to the UK economy," HSBC's head of UK commercial banking told the Telegraph.Small firms have increasingly moved away from high street banks when seeking a loan, leading to a drop in lending to SMEs. InIn September, figures released by the National Association of Commercial Finance Brokers showed lending from brokers to small firms had reached a record high.HSBC has recently hinted that it might relocate its headquarters to Hong Kong, after falling out with regulators and coming under intense criticism in the press.Lord Mayor Alan Yarrow warned that the government had to bring "banker bashing" to an end as it ran the risk of driving the lender away from the UK.They've had the introduction of the ringfence come in; they've had the bank levy, they've had their senior management basically skewered on the Treasury select committee, which must be very tough," he was quoted as saying by The Times."The loyalty to that sort of treatment must be in question."HSBC shares were down 0.56% to 637.50p at 09:11 on Monday.
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12 Jul 2023 11:39

BoE's Bailey quashes talk of higher deposit protection after SVB collapse

LONDON, July 12 (Reuters) - The Bank of England will toughen up rules for winding down struggling banks, such as the British arm of Silicon Valley Bank which failed in March, rather than raise deposit protection limits, Bank of England Governor Andrew Bailey said.

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12 Jul 2023 11:04

Bank of England stress test finds top 8 UK banks have enough capital

LONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.

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12 Jul 2023 08:39

TOP NEWS: Major UK banks "resilient" in BofE's annual stress test

(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing.

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12 Jul 2023 08:26

UK bank shares rise after BoE stress test

MILAN, July 12 (Reuters) - A gauge of British banking stocks surged on Wednesday after the Bank of England said its annual stress test of eight major lenders showed each could cope with rising interest rates in a stressed environment.

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12 Jul 2023 07:21

UK bank pass annual stress tests, says BoE

(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.

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12 Jul 2023 07:15

Stress test shows top 8 UK banks have enough capital, says Bank of England

LONDON, July 12 (Reuters) - The Bank of England said on Wednesday its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.

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10 Jul 2023 21:59

World Bank names CEOs to help bring private funds to climate, development finance

WASHINGTON, July 10 (Reuters) - The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender's president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries.

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10 Jul 2023 17:57

World Bank chief names CEOs to aid climate finance 'lab' effort

WASHINGTON, July 10 (Reuters) - The World Bank on Monday named the 15 chief executive officers including financiers and asset managers who will make up a group launched by the lender's president, Ajay Banga, to marshal more private capital to combat climate change.

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10 Jul 2023 17:30

UK's FTSE 100 gains on energy boost; real estate stocks slip

Water utility firms rise on Thames Water news

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10 Jul 2023 16:59

Fed's Daly, Mester guide towards more interest rate hikes

(Sharecast News) - Two top US central bank officials guided towards more tightening moves in 2023.

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10 Jul 2023 16:19

Biden meets King Charles and PM Sunak, hails 'rock solid' UK ties

Climate change and Ukraine crisis at top of agenda

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10 Jul 2023 15:37

Canada extends consultation period for RBC's $13.5 bln bid for HSBC unit

TORONTO, July 10 (Reuters) - Canada's finance ministry has extended the consultation period for Royal Bank of Canada's $13.5 billion proposed acquisition of HSBC's Canadian unit by 15 days due to a technical error that prevented the department from receiving some submissions by email.

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7 Jul 2023 09:31

LONDON BROKER RATINGS: HSBC raises ConvaTec; Berenberg cuts BHP

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

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6 Jul 2023 19:14

Banks recognise savers need help accessing best rates - UK regulator

(Alliance News) - The City regulator said it had held a "constructive" meeting after summoning UK banks to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.

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