Last checked at 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
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
HSBC Holdings Share News (HSBA)
HSBA Share
Price
HSBA Share
News
HSBA Share
Chat
HSBA Share
Trades16,691
HSBA
Live RNS
HSBA Share
Charts
HSBA Level 2
Console
HSBA Live
Share Price
HSBA Broker
Ratings
HSBA Directors
Deals
HSBA Financial
Diary
HSBA
Fundamentals
HSBA Short
Positions
HSBA
Media
HSBC Holdings Information
Share Price Information for HSBC Holdings (HSBA)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
712.60
Bid:
714.40
Ask:
714.50
Change:
7.10 (1.01%)
Spread:
0.10 (0.014%)
Open:
708.90
High:
717.70
Low:
708.60
Prev. Close:
712.60
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.HSBC targets $5bn in annual cost savings by 2017
Tue, 09th Jun 2015 06:19
HSBC on Tuesday announced a round of job cuts and branch closures with the aim of saving between $4.5bn to $5bn in annual costs by 2017.Branches in seven major markets including the UK will be closedUp to 25000 jobs set to goStrategic aim is to expand Asian footprintIn a statement issued to the Hong Kong Stock Exchange the lender said it would reduce its risk-weighted assets by about $290bn, targeting a return on equity of more than 10% within two years, down from the greater than 10% objective by 2017 outlined in its last quarterly update.HSBC set a new target for return on tangible equity of 12% by 2017.It will sell its Turkish and Brazilian operations and will close its branches in seven major markets, including the UK, where 8,000 additional jobs will be cut."We recognize that the world has changed and we need to change with it. That is why we are outlining the following ten strategic actions that will further transform our organisation," said HSBC chief executive Stuart Gulliver.HSBC also announced the criteria it will use in order to establish if it will keep its headquarters in the UK, where it has been based since 1992 when it took over Midland bank."With the aim of capturing expected opportunities from emerging wealth in the region," HSBC also said it would accelerate its investments in Asian markets, where it also plans to expand its asset management and insurance businesses.Gulliver, who has been at the helm of the bank since 2011, has already shrunk the bank's global footprint from 87 territories to 73.During that time span the bank has incurred in $11.2bn of regulatory charges.The bank's commitment to a progressive dividend policy remained unchanged as did its capital guidance.In a research report e-mailed to clients by Goldman Sachs following the lender's latest investor update - which was released early - highlighted how the "significant" by HSBC to its target for risk weighted assets makes its dividend "safer".Shares of HSBC finished the session standing 0.75% higher at HKD74.10 in Hong Kong trading.You may also enjoy:HSBC considering sale of Brazilian unit HSBC sets aside £8bn for small businessesHSBC whistleblower says his "work is not done"
More News
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 more11 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 more11 Jan 2024 17:03
11 Jan 2024 10:59
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).
Read more11 Jan 2024 09:26
TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy
(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".
Read more8 Jan 2024 09:49
Saudi Arabia plans benchmark-sized three-tranche bond
DUBAI, Jan 8 (Reuters) - Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of six, 10 and 30 years, IFR, a capital markets publication, reported.
Read more8 Jan 2024 09:24
LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more8 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.
Read more8 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.
Read more1 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.
Read more1 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.
Read more22 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
*Read more22 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.
Read more22 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.
Read more