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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: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
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Huawei lawyers to question Canada border official in fourth day of Meng U.S. extradition case

Thu, 29th Oct 2020 10:00

By Moira Warburton

Oct 29 (Reuters) - In a case dating back two years, lawyers
for Huawei Chief Financial Officer Meng Wanzhou on Thursday will
resume questioning a Canada border officer who intercepted Meng
before the federal police arrested her.

Scott Kirkland, an officer with the Canada Border Services
Agency (CBSA), told a Vancouver court on Wednesday he was
worried about allegations being brought of potential civil
rights violations if the agency intercepted and interviewed Meng
before her arrest by Canadian police.

Meng, 48, was arrested at Vancouver International Airport in
December 2018 while on a layover bound for Mexico. The United
States charged her with bank fraud, accusing her of misleading
HSBC about Huawei Technologies Co Ltd's
business dealings in Iran and causing the bank to break U.S.
sanctions.

She has said she is innocent and is fighting the charges
from Vancouver, where she is under house arrest in her home in
Shaughnessy, one of the wealthiest neighbourhoods in Canada.

Meng's lawyers have argued that abuses of process occurred
in the three hours between when she was intercepted by CBSA
officers and her arrest by the Royal Canadian Mounted Police
(RCMP), when she had no legal representation.

The officer who arrested her, RCMP Constable Winston Yep,
testified over Monday, Tuesday and part of Wednesday, before
Kirkland took the stand.

Yep insisted that the RCMP stayed in their lane and did not
direct the CBSA in its investigation of Meng.

Prosecutors for the Canadian government have tried to prove
that Meng's arrest was by the book, and any lapses in due
process should not impact the validity of her extradition.

Meng's arrest caused diplomatic relations between Ottawa and
Beijing to become rocky. Soon after her detention, China
arrested Canadian citizens Michael Spavor and Michael Kovrig on
espionage charges.

The witness testimony, expected to last until Friday, is
focusing on the second of three branches of abuses of process
that Meng's lawyers claim took place, specifically during her
arrest.

Meng's extradition hearings are scheduled to wrap up in
April 2021, although the potential for appeals mean the case
could drag on for years.
(Reporting by Moira Warburton in Toronto; Editing by Denny
Thomas and Grant McCool)

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Canada govt approves $13bn sale of HSBC local unit to RBC

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22 Dec 2023 06:32

HSBC eyes special payout as Canada OKs USD10 billion unit sale to RBC

(Alliance News) - HSBC Holdings PLC on Friday said the sale of its business in Canada to Royal Bank of Canada has received approval from the Canadian minister of finance, enabling the deal to proceed.

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22 Dec 2023 01:34

Canada approves RBC's deal for HSBC Canada, with conditions

Dec 21 (Reuters) -

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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UK dividends calendar - next 7 days

Friday 15 December 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

*

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12 Dec 2023 16:26

US sanctions proposed buyer of HSBC's Russian business

Dec 12 (Reuters) - The U.S. on Tuesday imposed sanctions on Russia's Expobank, the proposed buyer of HSBC's local unit, a move that could complicate the British lender's long-awaited departure from Russia.

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

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