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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: 0.00 (0.00%)
Spread: 0.10 (0.014%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 705.50
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UK banks to boost profits in 2014 but face more charges, says S&P

Thu, 13th Mar 2014 16:56

The UK's biggest banks are set to increase their profits this year, but financial hits from reforms linked to past scandals are likely to keep coming, according to a rating agency.Barclays, HSBC, Lloyds Banking Group and the Royal Bank of Scotland are set to focus on improving returns and putting sustainable business regimes in place after completing restructuring drives linked to the financial crisis, Standard & Poor's said.Banks have been reinforcing balance sheets, off-loading non-core businesses and putting in place safeguards to prevent a recurrence of controversies such as PPI mis-selling and Libor rate-rigging allegations.However, S&P said the four big banks booked more than £14bn in one-off charges in 2013.Worse even, "we see more to come in 2014 and beyond," S&P added. "This will continue to drag on statutory earnings recovery."S&P said banks were now facing a period of preparation for regulatory changes such as even stricter capital standards and the ring-fencing of retail and small business banking from more riskier activities such as proprietary trading or securities underwriting."In our view, to achieve the business transformation targets they have set themselves, all four banking groups will need to implement substantial changes and will incur further material costs," S&P said."That said, Lloyds and HSBC appear to us to be more advanced in their longer-term plans and better placed to capitalise on the UK's economic recovery."RBS remained loss-making on a statutory basis for the sixth consecutive year and has the most work to do in terms of returning to sustainable profitability, in our view."Meanwhile, Barclays is in the midst of significant restructuring and organisational change which we believe may be a protracted process."PW
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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.

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18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

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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

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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.

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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:

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15 Jan 2024 17:06

UK's FTSE 100 slips as luxury, bank stocks weigh

FTSE 100 down 0.4%, FTSE 250 flat

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15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

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15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

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15 Jan 2024 12:04

LONDON MARKET MIDDAY: Stocks head lower in quiet trade amid US holiday

(Alliance News) - Stock prices in London were lower at midday Monday, with trading likely to remain subdued due to a public holiday in the US.

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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:

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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

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