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Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 686.50
Bid: 686.80
Ask: 687.00
Change: 3.50 (0.51%)
Spread: 0.20 (0.029%)
Open: 684.80
High: 689.70
Low: 680.30
Prev. Close: 683.00
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UPDATE 1-HSBC whistleblower Falciani sentenced to 5 years in prison

Fri, 27th Nov 2015 15:08

* Falciani had stayed out of Switzerland during trial

* Falciani, French citizen, was former HSBC IT workers (Adds further details)

Nov 27 (Reuters) - Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clientsand their tax situation, has been sentenced to five years inprison for aggravated industrial espionage, the bank said onFriday.

HSBC said it welcomed the ruling on Falciani, a 43-year oldFrench citizen who had been on trial in Switzerland.

HSBC's Swiss unit has been in the spotlight since 2008, whenFalciani, a former IT employee there, fled Geneva with filesthat were leaked to the media and were alleged to show evidenceof tax evasion by clients. French newspaper Le Monde has said itidentified more than 106,000 clients.

Falciani, who is based in France, did not attend his trialand stayed out of Switzerland while it was going on.

He may not serve any time in a Swiss prison since Francetypically does not extradite its own citizens, and there are nolegal proceedings against him in France.

Falciani's lawyer -- Marc Henzelin -- did not immediatelyrespond to a request for a comment.

(Reporting by Sudip Kar-Gupta; editing by Susan Thomas)

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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

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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.

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3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

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Morgan Stanley commits to Canary Wharf home until at least 2038

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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%

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