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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 705.50
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UPDATE 1-Swiss minister to meet U.S. attorney general on tax probes

Fri, 02nd May 2014 15:50

(Adds details of Credit Suisse investigation, potential plea)

ZURICH/WASHINGTON, May 2 (Reuters) - Switzerland's financeminister was set to meet Eric Holder, the U.S. attorney general,in Washington on Friday to discuss a tax-evasion probe intoSwiss banks by U.S. authorities, a Swiss ministry spokesmansaid.

Contacted by phone, the spokesman said the minister, EvelineWidmer-Schlumpf, would push for "fair and equal treatment" ofthe Swiss banks involved in the probe.

U.S. prosecutors have been pushing for Credit Suisse , the biggest Swiss bank in the probe, to pleadguilty as part of a resolution of the investigation, a personfamiliar with the matter said.

U.S. Department of Justice officials met with U.S.regulators last month to make sure that such a plea would notcripple the bank's ability to do business in the United States,the source said.

Credit Suisse came under more pressure this week as a formeremployee pleaded guilty to helping U.S. clients avoid taxes.

"The United States Department of Justice's investigationinto the U.S. tax matter remains outstanding and, while we areworking hard to bring this to a close, the timing and outcomeremain uncertain," Credit Suisse said in its quarterly report onFriday.

The bank declined to comment further on the latest talks.

More than a dozen Swiss banks, including Julius Baer and the Swiss arm of Britain's HSBC Holdings Plc, are under criminal investigation in the United Statesto determine if they helped wealthy Americans hide money fromthe tax man.

Scores of smaller banks have agreed to work with U.S.authorities in order to cap penalties they might face. (Reporting by Oliver Hirt and Silke Koltrowitz in Zurich andAruna Viswanatha and Julia Edwards in Washington; Editing byJeffrey Benkoe)

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23 Apr 2024 07:59

Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

(Sharecast News) - Citi said on Tuesday that it remains 'overweight' UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.

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22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

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

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19 Apr 2024 09:18

Venture Life renews revolving credit facility with Santander and HSBC

(Alliance News) - Venture Life Group PLC on Friday said it had renewed its revolving credit facility with Santander UK PLC and HSBC Innovation Bank Ltd.

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18 Apr 2024 14:12

UK dividends calendar - next 7 days

Friday 19 April 
Chelverton UK Dividend Trust PLCdividend payment date
Empiric Student Property PLCdividend payment date
FW Thorpe PLCdividend payment date
Heavitree Brewery PLCdividend payment date
Heavitree Brewery PLC A dividend payment date
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STS Global Income & Growth Trust PLCdividend payment date
Monday 22 April 
no events scheduled 
Tuesday 23 April 
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Wednesday 24 April 
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Thursday 25 April 
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Bakkavor Group PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bodycote PLCex-dividend payment date
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Harworth Group PLCex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
HSBC Holdings PLCdividend payment date
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Invesco Select Trust PLC UK Equity ex-dividend payment date
JPMorgan Claverhouse IT PLCex-dividend payment date
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MP Evans Group PLCex-dividend payment date
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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.

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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.

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Europe's STOXX 600 slides in broader market decline on geopolitical jitters

ECB policymakers stick with June rate cut plan

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Blackstone, CVC consider bids for Superstruct festivals firm, sources say

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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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Financial firms tout energy business after West Virginia restrictions

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London close: Stocks slip ahead of ECB, US inflation print

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