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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: 695.60
Bid: 695.10
Ask: 695.50
Change: 27.50 (4.12%)
Spread: 0.40 (0.058%)
Open: 678.20
High: 702.40
Low: 677.60
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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2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

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2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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2 Apr 2024 08:44

TOP NEWS: HSBC to pay special dividend after completing Canadian sale

(Alliance News) - HSBC Holdings PLC on Tuesday said it would pay shareholders a special dividend after completing the sale of its Canadian business.

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2 Apr 2024 08:05

LONDON BRIEFING: HSBC in special payout on Canada sale; Astra FDA win

(Alliance News) - London's FTSE 100 traded higher on Tuesday following the long weekend, as investors react to US data, and look ahead to manufacturing sector readings from Europe later.

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28 Mar 2024 09:55

UBS makes Ermotti Europe's best-paid bank boss with $16 mln package

Ermotti earned $15.9 mln in 2023

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27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

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27 Mar 2024 08:54

Britain's Vanquis bank 'resets' business after 2023 loss

LONDON, March 27 (Reuters) - Vanquis Banking Group on Wednesday said it was resetting its business, highlighting the challenges faced by Britain's smaller banks, after reporting a 4.4 million-pound ($5.55 million) loss before tax for 2023.

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27 Mar 2024 07:44

Britain's Vanquis bank 'resets' business after 2023 loss

LONDON, March 27 (Reuters) - Vanquis Banking Group on Wednesday said it was resetting its business, highlighting the challenges faced by Britain's smaller banks, after reporting a 4.4 million-pound ($5.55 million) loss before tax for 2023.

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25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

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

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18 Mar 2024 06:59

PRESS: M&S and HSBC planning loyalty "superapp", seven-year deal — Sky

(Alliance News) - Marks & Spencer Group PLC and HSBC Holdings PLC are preparing plans to announce a new seven-year deal that includes the creation of a loyalty "superapp", Sky News reported Sunday.

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11 Mar 2024 14:05

HSBC to recruit about 50 more bankers for US commercial bank - Reuters

(Sharecast News) - HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to start-up companies, mainly in the technology and healthcare sectors, according to a senior executive.

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7 Mar 2024 15:29

London close: Stocks finish firmer as US jobless claims rise

(Sharecast News) - London markets closed with modest gains on Thursday, after higher-than-expected jobless claims figures from the US, and a flurry of corporate news in the UK.

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4 Mar 2024 21:56

IN BRIEF: HSBC issues USD2.75 billion worth of senior notes

HSBC Holdings PLC - Asia-focused lender - Issues USD1.50 billion 5.546% fixed rate/floating rate senior unsecured notes due 2030 and USD1.25 billion 5.719% fixed rate/floating rate senior unsecured notes due 2035. HSBC will apply to list the notes on the New York Stock Exchange.

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1 Mar 2024 09:14

LONDON BROKER RATINGS: Numis cuts St James's Place to 'hold'

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

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