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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 713.00
Bid: 712.80
Ask: 713.00
Change: 11.30 (1.61%)
Spread: 0.20 (0.028%)
Open: 707.00
High: 714.60
Low: 705.60
Prev. Close: 701.70
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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".

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22 Jan 2024 10:45

HSBC chair 'confident' on China investment, meets vice president - state media

BEIJING/HONG KONG, Jan 22 (Reuters) - China's Vice President Han Zheng on Monday met with HSBC Chairman Mark Tucker in Beijing and urged the banking giant to deepen cooperation with China to improve Hong Kong's status as a financial centre, the official Xinhua news agency reported.

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18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

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17 Jan 2024 17:05

European shares slide more than 1% on hawkish ECB remarks, disappointing China data

Dec. EZ final consumer prices at 2.9% on yearly basis

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16 Jan 2024 09:27

IN BRIEF: RBC targets completion of HSBC Canada buy in late March

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

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15 Jan 2024 17:06

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15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

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15 Jan 2024 12:04

LONDON MARKET MIDDAY: Stocks head lower in quiet trade amid US holiday

(Alliance News) - Stock prices in London were lower at midday Monday, with trading likely to remain subdued due to a public holiday in the US.

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15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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11 Jan 2024 22:04

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

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11 Jan 2024 20:28

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 10:59

UK plans new system to tackle small bank failures after SVB collapse

LONDON, Jan 11 (Reuters) - Britain's finance ministry plans to introduce new procedures to manage the failure of small banks more effectively, it said on Thursday, following last year's high-profile collapse of U.S.-based Silicon Valley Bank (SVB).

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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