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: 701.70
Bid: 701.30
Ask: 701.50
Change: 0.00 (0.00%)
Spread: 0.20 (0.029%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 701.70
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 to announce bonuses totalling 2.4 bln stg-report

Sat, 22nd Feb 2014 16:45

LONDON, Feb 22 (Reuters) - HSBC will announce staffbonuses totalling just under 2.4 billion pounds ($4 billion)globally for 2013 and is expected to report a significant risein pretax profit, Sky News reported on its website on Saturdaywithout citing its sources.

Referring to an unnamed source close to the bank, Sky alsosaid Chief Executive Stuart Gulliver will receive a 1.8 millionpound bonus as part of an overall pay deal worth more than 7million pounds, though this would be less than his previous yearpay deal of 7.4 million.

Europe's biggest bank is expected to announce the size ofits bonus pool on Monday along with its yearly results. Bonuspayments remain a sensitive issue as many Britons still blamebanks for the 2008 financial crisis, after which the state wasforced to bail out RBS and Lloyds.

Earlier this month Barclays prompted an angryreaction from politicians and labour unions after it increasedits bonuses by 13 percent to 2.4 billion pounds, even as itannounced plans to axe 12,000 jobs.

Sky quoted an unnamed source saying the rise in variable payor bonuses at HSBC would be smaller than its likely increase inearnings.

The broadcaster also reported Gulliver's bonus was just overhalf the maximum he could have received under the terms of hiscontract and that he would be paid a deferred share award of 3.7million pounds under the bank's long-term incentive plan.

He would also take a cash payment in lieu of pensioncontributions alongside his basic salary of 1.25 million, givingthe total of more than 7 million, according to an unnamedsource.

A spokesman at HSBC declined comment.

The bank's overall bonus payments would be marginally higherthan its 2012 bonus pool of 2.2 billion pounds and would comeonly a year before a new EU bonus cap which Britain is resistingthrough the courts.

The new rules would mean from 2015 bonuses cannot be morethan fixed salary, or double this amount if a bank obtainsshareholder approval.

Banks including HSBC, Barclays and Goldman Sachs areamong the banks expected to raise the non-bonus part ofremuneration with, for example, monthly or quarterly"allowances".

More News
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(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.

Read more
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

*

Read more
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.

Read more
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

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.