focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 692.70
Bid: 692.70
Ask: 692.80
Change: -2.90 (-0.42%)
Spread: 0.10 (0.014%)
Open: 693.80
High: 693.90
Low: 690.90
Prev. Close: 695.60
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-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)

More News
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.

Read more
8 Apr 2024 19:45

West Virginia treasurer adds four finance firms to ESG blacklist

NEW YORK, April 8 (Reuters) - West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state's treasurer deems they are boycotting the fossil fuel industry.

Read more
8 Apr 2024 07:00

HSBC targets wealthy expats, bullish Asian firms to drive Europe unit, exec says

Managers focused on growth after complex transformation

*

Read more
5 Apr 2024 07:29

Spain's Berge drops plans to list its Astara unit this year

MADRID, April 5 (Reuters) - Spanish privately owned logistics group Berge has dropped plans to list shares in its automotive unit Astara as market conditions are not the most appropriate for a flotation, the company said late Thursday.

Read more
3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.

Read more
3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

LONDON, April 3 (Reuters) - Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

Read more
2 Apr 2024 17:28

London stocks dip in global risk off mood; commodity-linked stocks jump

FTSE 100 down 0.2%, FTSE 250 adds 0.9%

*

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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:

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.