The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
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
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more
11 Jan 2024 10:59

UK plans new system to tackle small bank failures after SVB collapse

LONDON, Jan 11 (Reuters) - Britain's finance ministry plans to introduce new procedures to manage the failure of small banks more effectively, it said on Thursday, following last year's high-profile collapse of U.S.-based Silicon Valley Bank (SVB).

Read more
11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

Read more
8 Jan 2024 09:49

Saudi Arabia plans benchmark-sized three-tranche bond

DUBAI, Jan 8 (Reuters) - Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of six, 10 and 30 years, IFR, a capital markets publication, reported.

Read more
8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

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

Read more
8 Jan 2024 07:16

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

Read more
8 Jan 2024 07:14

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

Read more
1 Jan 2024 16:17

HSBC completes sale of retail banking business in France

Jan 1 (Reuters) - HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement on Monday.

Read more
1 Jan 2024 11:21

HSBC transfers retail bank in France to private equity firm Cerberus

(Alliance News) - After more than two years, HSBC Holdings PLC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus Capital Management LP.

Read more
22 Dec 2023 16:28

Rai Way investors seek update on mooted TV towers tie-up - sources

Tie-up with EI Towers would create national leader

*

Read more
22 Dec 2023 14:58

Rai Way investors seek update on mooted TV towers tie-up - sources

MILAN, Dec 22 (Reuters) - A group of investors holding around 10% of Rai Way's MI> capital has asked for the board of the state-owned Italian TV towers group to provide an update on a long-mooted combination with rival EI Towers to create a national champion, sources said on Friday.

Read more
22 Dec 2023 10:59

South Korea fines two global banks for short-selling rule breaches

SEOUL, Dec 22 (Reuters) - South Korea's financial regulator said on Friday that it would fine two unnamed global investment banks and one local brokerage a record 26.5 billion won ($20.41 million) in total for naked short selling.

Read more
22 Dec 2023 09:01

LONDON MARKET OPEN: Stocks snowed under; UK on brink of recession

(Alliance News) - Stock prices in London opened lower on Friday, with investors not feeling in a festive mood ahead of US inflation data.

Read more
22 Dec 2023 07:50

LONDON BRIEFING: UK on brink of recession as economy contracts in Q3

(Alliance News) - Stocks in London are likely to open lower on Friday, with investors feeling frosty ahead of a US inflation print this afternoon, amid sobering UK economic growth data.

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.