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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: 712.00
Bid: 712.00
Ask: 712.10
Change: 10.30 (1.47%)
Spread: 0.10 (0.014%)
Open: 707.00
High: 714.60
Low: 705.60
Prev. Close: 701.70
HSBA Live PriceLast checked at -

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UPDATE 1-RBS to pay $99.5 mln to settle some FHFA mortgage claims

Thu, 19th Jun 2014 21:47

(Adds details on case, other settlements, byline)

By Jonathan Stempel

June 19 (Reuters) - Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S.regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securitiesthat later went sour.

The Federal Housing Finance Agency said the accord relatedto litigation also naming Ally Financial Inc, which previouslysettled, as a defendant.

The FHFA said it has now reached 15 settlements, totalingabout $16.1 billion, stemming from lawsuits it filed in 2011 torecoup losses on roughly $200 billion of mortgage-backedsecurities purchased by Freddie Mac and Fannie Mae.

The FHFA oversees both government-controlled mortgagecompanies as conservator.

It still has a case against RBS in federal court inConnecticut, which it has said concerned about $30.4 billion ofsecurities, and cases in federal court in Manhattan againstGoldman Sachs Group Inc, HSBC Holdings Plc andNomura Holdings Inc.

In a statement, RBS said the settled case concerned morethan $2 billion of securities, It said it previously set asideenough money to cover the settlement amount. RBS said that othermortgage securities cases may be resolved differently.

Bank of America Corp and its Countrywide and MerrillLynch units have reached three of the 15 FHFA settlements. Thosethree settlements total $5.83 billion, a larger amount than atany other bank.

The FHFA became the conservator for Freddie Mac and FannieMae after federal regulators seized those companies in September2008.

The case is FHFA v. Ally Financial Inc et al, U.S. DistrictCourt, Southern District of New York, No. 11-07010. (Reporting by Jonathan Stempel in New York; Editing byMarguerita Choy and Leslie Adler)

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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

Royal Bank of Canada - Toronto-based lender - Targets March 28 as close date for acquisition of HSBC Bank Canada. RBC will begin conversion activities once the transaction closes and will open the branches and offices in Canada for business a few days later on April 1.

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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

UK's FTSE 100 slips as luxury, bank stocks weigh

FTSE 100 down 0.4%, FTSE 250 flat

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15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

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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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