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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: 691.20
Bid: 691.10
Ask: 691.40
Change: -4.40 (-0.63%)
Spread: 0.30 (0.043%)
Open: 693.80
High: 694.40
Low: 690.70
Prev. Close: 695.60
HSBA Live PriceLast checked at -

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Lloyds tops PPI complaints list at financial ombudsman

Tue, 23rd Feb 2016 08:50

(ShareCast News) - Complaints about payment protection insurance continue to be made against major high street banks, data from the financial ombudsman showed, with Lloyds Banking Group a serial offender. Of the total new cases referred to the ombudsman in the six months to 31 December, 56% were over PPI%, with 92,667 new PPI complaints, pretty much the same amount as was made in the first half of the year.Lloyds has previously been accused of using delaying tactics to attempt to put off those claiming for past PPI mis-selling offences by its use of delaying tactics.The fresh figures from the ombudsman showed that more than three quarters of the complaints made against Lloyds were upheld in the second half of the year.Later this week, Lloyds´s PPI redress bill is likely to pass the £14bn mark, having hit £13.9bn in October."During 2015, PPI complaints finally began to approach stable levels - but we're still seeing the volume of cases at a much higher level than many people expected," said chief ombudsman Caroline Wayman.The Financial Conduct Authority has proposed giving consumers a deadline of 2018 to claim PPI redress, which would put an end to a scheme that has cost UK banks more than £25bn.For complaints about financial products other than PPI, the ombudsman saw a 10% decline to 71,663.Of the other banks, Barclays´s complaints just topped 18,000, RBS sparked more than 15,000, HSBC topped 12,000, while BoAML's MBNA and Capital One credit card providers both topped 5,000 complaints about PPI.Outside of PPI, the most complained-about individual banking brand was Barclays, with 7,600 issues raised about its banking and credit products and services.
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4 Sep 2023 07:54

Ex-GIC bond manager to launch hedge fund -BNP Paribas

LONDON, Sept 4 (Reuters) - Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is set to launch a hedge fund by year-end in London, according to a note to clients from BNP Paribas.

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1 Sep 2023 18:26

RBC's $10 bln deal for HSBC unit approved by Canada's Competition Bureau

Sept 1 (Reuters) - Canada's Competition Bureau said on Friday that Royal Bank of Canada's (RBC) C$13.5 billion ($10 billion) offer to buy HSBC's domestic unit was unlikely to hurt competition, clearing the way for the country's largest bank to push ahead with its biggest acquisition.

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1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

LONDON, Sept 1 (Reuters) - More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said on Friday.

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30 Aug 2023 12:19

40-year mortgage terms now offered by HSBC UK

(Alliance News) - HSBC Holdings PLC's HSBC UK is offering 40-year mortgages to help people on to or up the property ladder.

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29 Aug 2023 17:27

European shares at two-week high; UK's FTSE 100 outperforms

U.S. job openings data boosts Fed pause bets

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29 Aug 2023 12:51

China's Ping An Insurance first-half profit falls 1.2%, retail business weakens

HONG KONG/BEIJING, Aug 29 (Reuters) - Ping An Insurance (Group) Co of China Ltd on Tuesday reported a 1.2% drop in first-half net profit.

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29 Aug 2023 09:27

LONDON BROKER RATINGS: UBS cuts HSBC; Barclays cuts SDCL Energy

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

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29 Aug 2023 07:49

LONDON BRIEFING: Bunzl profit up; Rio Tinto sells copper project stake

(Alliance News) - Stocks in London are called to open higher on Tuesday, following a long bank holiday weekend.

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27 Aug 2023 11:37

Saudi Arabia healthcare group Fakeeh Care weighs IPO, appoints HSBC - sources

DUBAI, Aug 27 (Reuters) - Saudi Arabia's Fakeeh Care, one of the largest private hospital groups in the kingdom, is considering selling a 30% stake through an initial public offering (IPO), two sources with knowledge of the matter told Reuters.

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21 Aug 2023 09:24

LONDON BROKER RATINGS: Jefferies raises HSBC price target

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

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21 Aug 2023 07:43

LONDON BRIEFING: Crest Nicholson lowers annual profit forecast

(Alliance News) - Stocks in London are called flat on Monday, with little in the way of economic data or company updates to reignite risk appetite.

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18 Aug 2023 17:34

European shares sink to lowest in six weeks, China woes loom large

China-exposed firms fall on growth concerns

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18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

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17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

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16 Aug 2023 17:33

European shares fall on mounting China worries, banks lag

UK inflation data weighs on FTSE 100

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