Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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: 683.70
Bid: 685.50
Ask: 685.70
Change: -13.30 (-1.91%)
Spread: 0.20 (0.029%)
Open: 691.00
High: 693.80
Low: 680.80
Prev. Close: 697.00
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-HSBC, JPMorgan, C Agricole to fight EU charges at June hearing - sources

Fri, 24th Apr 2015 17:59

* Hearing with Commission, national regulators on 15-17 June

* Chance for banks to plead case, reject EU arguments

* Possible fines of as much as 10 pct of global revenues (Adds HSBC, JPMorgan decline to comment)

By Foo Yun Chee

BRUSSELS, April 24 (Reuters) - HSBC Holdings,JPMorgan and Credit Agricole will seek tofight European Union charges of rigging financial benchmarks ata closed door hearing in June, two people familiar with thematter said on Friday.

The European Commission accused the three banks in May lastyear of manipulating the Euribor interbank offered rate afterthey refused to settle a case five months earlier, unlike sixother banks.

In December 2013, a record 1.7-billion-euro fine was imposedon six banks including Deutsche Bank, Royal Bank ofScotland and Citigroup for alleged benchmarkrigging. The banks settled these charges and received a10-percent cut in the fines.

"The hearing will be from 15 to 17 June," the people said.

Commission spokesman Ricardo Cardoso declined to comment. HSBC and JPMorgan declined to comment.

In these hearings, companies typically take the opportunityto press their case in front of an audience of experts from theEU executive and national regulators.

JPMorgan said last year the EU charges were without meritwhile HSBC said it would defend itself vigorously. CreditAgricole last month got a boost when the European Ombudsmanbacked its claim of Commission bias during the investigation.

The Commission usually takes several months to come to adecision after such a hearing.

HSBC, Europe's biggest bank, U.S. bank JP Morgan and Frenchpeer Credit Agricole could face fines up to 10 percent of theirglobal revenues if found guilty.

Regulators have slapped total fines of around $8.5 billionon some of the world's largest banks for market rigging andcollusion in the last seven years. (Reporting by Foo Yun Chee. Editing by Jane Merriman)

More News
2 May 2024 09:48

LONDON BROKER RATINGS: Deutsche Bank likes TP ICAP but says sell CMC

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

Read more
1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

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

Read more
1 May 2024 07:46

LONDON BRIEFING: GSK ups outlook; Next first-quarter beats forecast

(Alliance News) - Equities in London are called to open flat on Wednesday, ahead of the latest Federal Reserve interest rate decision, while a host of financial markets in mainland Europe and beyond are closed for public holidays.

Read more
30 Apr 2024 17:15

London stocks score monthly gains; HSBC climbs on upbeat profit

HSBC led gains on FTSE 100 on upbeat profit, $3 bln buyback

*

Read more
30 Apr 2024 17:11

STOXX ends lower as auto giants weigh; investors parse inflation data

HSBC jumps after results, $3 bln in fresh buybacks

*

Read more
30 Apr 2024 17:08

London close: Stocks follow Wall Street into the red

(Sharecast News) - London markets closed in the red on Tuesday, turning weaker during the afternoon to mirror the decline in Wall Street equities, as investors monitored the start of the Federal Reserve's two-day policy meeting.

Read more
30 Apr 2024 17:02

CORRECT: London stocks take hit as Wall Street slips

(Correcting closing price of European stocks.)

Read more
30 Apr 2024 16:53

LONDON MARKET CLOSE: London stocks take hit as Wall Street slips

(Alliance News) - Stock prices in London closed in the red on Tuesday, following Wall Street lower, as investors look ahead to a key interest rate decision from the US Federal Reserve.

Read more
30 Apr 2024 12:57

Stocks set for monthly loss, earnings, macro action heats up

LONDON, April 30 (Reuters) - Global shares headed for their first monthly loss in six months on Tuesday ahead of a slew of economic data, earnings and the U.S. Federal Reserve's policy meeting, while the yen weakened a day after suspected intervention lifted it from 34-year lows.

Read more
30 Apr 2024 12:36

Shares head for monthly loss in action-packed week

LONDON, April 30 (Reuters) - Global shares headed for their first monthly loss in six months on Tuesday ahead of a slew of economic data, earnings and the U.S. Federal Reserve's policy meeting, while the yen weakened a day after suspected intervention lifted it from 34-year lows.

Read more
30 Apr 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 outperforms; carmakers slide in Europe

(Alliance News) - London's FTSE 100 was higher on Tuesday afternoon, defying more tepid trade in mainland Europe, as eyes turn to the Federal Reserve and as investors consider what the latest batch of eurozone data means for the ECB.

Read more
30 Apr 2024 08:55

LONDON MARKET OPEN: HSBC and Prudential bookend FTSE 100

(Alliance News) - London's FTSE 100 outperformed European peers in early trade on Tuesday, with lender HSBC leading the way, while the dollar traded higher on the eve of the next Federal Reserve decision.

Read more
30 Apr 2024 07:53

LONDON BRIEFING: Prudential APE sales up; Coca-Cola HBC backs outlook

(Alliance News) - London's FTSE 100 is called to open higher on Tuesday, the eve of the next Federal Reserve decision, with a batch of data from the eurozone due in the morning.

Read more
30 Apr 2024 07:48

TOP NEWS: HSBC first-quarter profit beats forecasts; CEO to step down

(Alliance News) - HSBC Holdings PLC on Tuesday announced its chief executive intends to step down, as it unveiled a new buyback and special dividend alongside first-quarter results.

Read more
30 Apr 2024 07:03

HSBC chief executive Quinn in shock departure

(Sharecast News) - HSBC group chief executive Noel Quinn said he was retiring after nearly five years in the job, in a shock announcement on 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.