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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 696.50
Bid: 692.50
Ask: 692.80
Change: -5.20 (-0.74%)
Spread: 0.30 (0.043%)
Open: 707.00
High: 714.60
Low: 685.00
Prev. Close: 701.70
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UPDATE 1-Former HSBC chairman steps down from City lobby group after leaks

Sat, 14th Feb 2015 16:40

(Updates with Labour leader comments)

By William Schomberg

LONDON, Feb 14 (Reuters) - A former boss of HSBC,Stephen Green, has stepped down from his position with afinancial services lobby group after allegations that the bankhelped people dodge taxes.

Green, who is under increasing pressure over the HSBCrevelations, quit as chairman of TheCityUK's advisory council,an unpaid position, the organisation said on Saturday.

"This is entirely his own decision," Gerry Grimstone,chairman of the TheCityUK's board, said, describing Green as aman of great personal integrity.

"He doesn't want to damage the effectiveness of TheCityUK inpromoting good governance and doing the right thing so hasdecided to step aside from chairing our Advisory Council."

Lawmakers in Britain's parliament are considering whether toquiz Green over the allegations and the Bank of England has saidit might look into the case too.

Green was HSBC chairman from 2006 until 2010. He has so fardeclined to comment on the allegations.

Europe's largest bank has admitted failings in complianceand controls in its Swiss private bank after media allegationsthat it may have enabled clients to avoid paying tax.

The bank's chief executive Stuart Gulliver said on Fridaythat HSBC had sometimes failed to live up to the standardsexpected of it.

The leader of Britain's Labour Party, Ed Miliband, accusedthe Conservative-led government of Prime Minister David Cameronon Saturday of not being tough enough on tax avoiders.

"We will shine a light on parts of our tax system that havebeen shrouded in secrecy by this government," he told agathering of Labour supporters in Wales.

If Labour wins national elections on May 7, it will launchan independent, root and branch review of the culture andpractice of Britain's tax office, Miliband said.

Labour has criticised Cameron for appointing Green as atrade minister in 2011, a position he held until 2013, sayingthe government knew about HSBC's work in Switzerland.

The government has hit back, saying Labour was in power atthe time of the alleged tax avoidance. (Reporting by William Schomberg; Editing by Hugh Lawson andJane Merriman)

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18 Apr 2024 14:12

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17 Apr 2024 16:42

Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker dealmaking and sluggish markets in China and Hong Kong weighing on business prospects.

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17 Apr 2024 11:49

Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs on deal slowdown

HONG KONG, April 17 (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge of the matter said, as weaker deal activities and sluggish markets in China and Hong Kong weigh on their business prospects.

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16 Apr 2024 17:09

Europe's STOXX 600 slides in broader market decline on geopolitical jitters

ECB policymakers stick with June rate cut plan

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11 Apr 2024 10:06

Blackstone, CVC consider bids for Superstruct festivals firm, sources say

LONDON, April 11 (Reuters) - Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters.

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9 Apr 2024 22:39

Argentina's Banco Galicia bets on lower inflation, rates after HSBC deal

BUENOS AIRES, April 9 (Reuters) - Argentina's Banco Galicia, buying HSBC's local assets in a near $500 million deal, is betting that new libertarian President Javier Milei will bring down soaring inflation and ease rates to boost lending in the South American nation.

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9 Apr 2024 15:40

Financial firms tout energy business after West Virginia restrictions

NEW YORK, April 8 (Reuters) - West Virginia has added Citi, HSBC and two other financial firms to a list of institutions that may be barred from some state business due to their energy finance policies, prompting three of them to assert their commitment to that industry.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 15:12

HSBC's Argentina exit doesn't impact valuation, Shore Capital says 'buy'

(Sharecast News) - Shore Capital has said that HSBC's disposal of its Argentinian business should not have a material impact on its investment case despite it generating a $1bn hit to the business.

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9 Apr 2024 08:52

TOP NEWS: HSBC to take USD1 billion loss on sale of Argentina business

(Alliance News) - HSBC Holdings PLC on Tuesday said it will sell its business in Argentina to Grupo Financiero Galicia SA, which it called the largest private financial group in the South American country.

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9 Apr 2024 08:44

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(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 08:37

HSBC takes $1 bln hit from Argentina sale as Asia pivot continues

Grupo Financiero Galicia to buy the business for $550 mln

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:05

HSBC to take $1bn hit from Argentina unit sale

(Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.

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8 Apr 2024 19:45

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