Roundtable Discussion; The Future of Mineral Sands. 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: 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
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Canadian police officer regrets not investigating passcodes conversation on day of Huawei CFO's arrest

Tue, 08th Dec 2020 21:42

(Adds details from court proceedings)

By Sarah Berman

VANCOUVER, Dec 8 (Reuters) - A Canadian police officer
acting as the airport liaison when Huawei Chief Financial
Officer Meng Wanzhou was arrested two years ago testified on
Tuesday that he should have investigated further when he thought
he overheard a fellow police officer and a border agent
discussing the passcodes to Meng's devices.

Meng's lawyers have argued that U.S. and Canadian
authorities illegally coordinated during her investigation and
arrest. In particular they claim that Canadian border agents
intentionally gave identifying details about Meng's electronic
devices - including passcodes - to Canadian police.

They further allege that Canadian police shared those
details with the U.S. Federal Bureau of Investigation (FBI).

Meng, 48, was arrested in Canada in December 2018 on a
warrant from the United States. She is facing charges of bank
fraud for allegedly misleading HSBC Holdings Plc about
Huawei Technologies Co Ltd's business dealings in Iran,
causing the bank to break U.S. sanctions.

She has said she is innocent and is fighting the extradition
from under house arrest in Vancouver.

Royal Canadian Mounted Police (RCMP) Sergeant Ross Lundie,
who was serving as the force's airport liaison when Meng was
arrested, told the court on Tuesday that he recalled overhearing
one of his RCMP colleagues discussing passcodes, potentially to
Meng's devices, with a Canadian border agent.

But he said he did not realize the potential significance of
the conversation on the day of Meng’s arrest.

"At that time I had no idea why there would be passwords to
phones...obtained by anybody," he said. "I should have asked for
clarity."

Prosecutors are trying to establish that Meng's arrest by
the Canadian federal police and the investigation by the border
officials were aboveboard.

The witness testimony this week has generated more attention
after news last week that U.S. prosecutors are discussing a deal
with lawyers for Meng to resolve criminal charges against her,
signaling a potential end to a case that has strained ties
between the United States, China and Canada.

Her lawyers have argued in the British Columbia Supreme
Court that Meng's extradition should be thrown out based on
alleged abuses of process that took place during her
investigation by Canadian border officials and subsequent arrest
by police, including inappropriate coordination between U.S. and
Canadian authorities.

Royal Canadian Mounted Police (RCMP) Sergeant Ross Lundie
testified on Monday that he was "very uncomfortable" being the
point of contact for the U.S. Federal Bureau of Investigation
because he felt it conflicted with his responsibilities as a
Canadian police officer.

"At the end of the day, I'm not there to provide information
and act on behalf of the FBI. I’m there working as an RCMP
member," Lundie told the court.

Prosecutors are arguing that Meng's extradition is valid and
procedures were followed.

Meng’s arrest caused a chill in diplomatic relations between
Ottawa and Beijing. Shortly after Meng was detained, China
arrested two Canadian men, Michael Kovrig and Michael Spavor,
who now face spying charges.

On Friday, Canadian Prime Minister Justin Trudeau said the
release of the two Canadians was his "top priority," while
declining to comment on the talks to release Meng.

Meng’s case is scheduled to wrap up in April 2021.
(Reporting by Sarah Berman in Vancouver; Additional reporting
by Moira Warburton in Toronto; Editing by Denny Thomas and Lisa
Shumaker)

More News
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
15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

*

Read more
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.

Read more
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.

Read more
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:

Read more
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

*

Read more
11 Jan 2024 20:28

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

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.