Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. 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: 720.80
Bid: 722.20
Ask: 722.40
Change: 8.20 (1.15%)
Spread: 0.20 (0.028%)
Open: 722.30
High: 724.40
Low: 718.10
Prev. Close: 712.60
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

HSBC warned over Huawei role in Chinese govt-backed website column

Tue, 28th Jul 2020 09:24

BEIJING, July 28 (Reuters) - A Chinese government-backed
website took aim at HSBC Holdings PLC on Tuesday,
accusing the Asia-focussed lender of "maliciously" playing a
role in the arrest of Huawei Technologies' chief financial
officer.

Huawei CFO Meng Wanzhou's is fighting against extradition
from Canada to the United States, where she is accused of bank
fraud for misleading HSBC about Huawei's relationship with a
company operating in Iran, putting HSBC at risk of fines and
penalties for breaking U.S. sanctions on Tehran.

Anger in China over the treatment of Meng and Huawei, the
world's biggest telecoms equipment maker, has led to criticism
of London-headquartered HSBC intensifying in recent days, with
the latest salvo fired by website China.com.cn.

"The role of HSBC in the Meng Wanzhou incident is already
clear. HSBC's credibility has also been wiped out," said the
commentary http://www.china.com.cn/opinion/2020-07/28/content_76319622.html
posted on the site backed by the State Council Information
Office and the China International Publishing Group.

"In the U.S. government's political pursuit of Huawei, HSBC
was the one who 'handed the knife'," it said in a column written
under the byline Tang Hua, and signed by three editors.

HSBC had issued a statement on Saturday saying it had not
participated in the decision by the U.S. Department of Justice
to investigate Huawei and that it had no "malice" against the
company.

The Chinese website article dismissed HSBC's denial as
"meaningless".

"Now, wallowing in degradation and with its reputation at
rock bottom, HSBC may struggle to continue to enjoy treatment in
China where it can break the pot it eats food from," the column
said.

A spokeswoman for HSBC in China declined to comment on the
article.

HSBC, which last month broke from its usual political
neutrality to back Beijing's imposition of a controversial
national security law in Hong Kong, generates the bulk of its
revenue in Hong Kong and mainland China.

Other official Chinese media outlets including the People's
Daily newspaper and the China Global Television Network have
also targeted HSBC in the past week.
(Reporting by Cheng Leng and Gabriel Crossley; Editing by
Sumeet Chatterjee and Simon Cameron-Moore)

More News
9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

Read more
2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

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

Read more
30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

Read more
30 Jan 2024 09:34

Bank of England fines HSBC for "serious" deposit protection failures

(Alliance News) - HSBC Holdings PLC has been fined GBP57.4 million by the Bank of England's Prudential Regulation Authority for "serious failings" over customer deposit protection – the second highest penalty ever imposed by the financial watchdog.

Read more
30 Jan 2024 07:27

HSBC slapped with £57.4m fine for deposit protection failures

(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.

Read more
29 Jan 2024 14:25

Safestay annual trading to meet expectations; refinances borrowings

(Alliance News) - Safestay PLC on Monday said its annual trading was "comfortably" in line with market expectations.

Read more
25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big 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
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

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.