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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: 695.60
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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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21 Feb 2024 08:40

LONDON MARKET OPEN: HSBC and Glencore drag FTSE 100 into the red

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 index weighed down by weak earnings from HSBC and Glencore - among its largest constituents by market cap.

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21 Feb 2024 07:52

CORRECT: Glencore profit plunges as energy market normalises

(Corrects UK public sector net borrowing figure to billion from million.)

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21 Feb 2024 07:41

LONDON BRIEFING: Glencore profit plunges as energy market normalises

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21 Feb 2024 07:02

HSBC profits soar 78% but miss forecasts on China exposure

(Sharecast News) - Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.

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21 Feb 2024 06:52

LONDON MARKET EARLY CALL: FTSE to open flat; HSBC posts record profit

(Alliance News) - Stocks in London are set to open flat on Wednesday, as investors look ahead to the Federal Reserve meeting minutes, and results from Nvidia.

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21 Feb 2024 05:57

TOP NEWS: HSBC launches USD2 billion buyback on record annual profit

(Alliance News) - HSBC Holdings PLC on Wednesday announced further share buybacks as annual profit soared on the back of higher interest rates, though its fourth-quarter performance suffered due to an impairment.

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20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

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20 Feb 2024 12:29

Wednesday preview: Fed meeting minutes, HSBC in the spotlight

(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.

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14 Feb 2024 14:15

UK earnings, trading statements calendar - next 7 days

Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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2 Feb 2024 09:27

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30 Jan 2024 16:00

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30 Jan 2024 09:34

Bank of England fines HSBC for "serious" deposit protection failures

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30 Jan 2024 07:27

HSBC slapped with £57.4m fine for deposit protection failures

(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.

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29 Jan 2024 14:25

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(Alliance News) - Safestay PLC on Monday said its annual trading was "comfortably" in line with market expectations.

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