The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 715.40
Bid: 715.30
Ask: 715.40
Change: 9.90 (1.40%)
Spread: 0.10 (0.014%)
Open: 708.90
High: 717.70
Low: 708.60
Prev. Close: 705.50
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 2-Travelex staff put away pens and paper as UK systems come back online

Fri, 17th Jan 2020 12:17

* First of UK customer-facing systems restored

* Virgin Money, Tesco, RBS, Barclays say systems still down

* Travelex working to restore other systems
(Adds banks' systems still down, context)

By Noor Zainab Hussain

Jan 17 (Reuters) - More than two weeks after a crippling
ransomware attack forced Travelex staff to use pen and paper to
calculate foreign currency exchanges, the company said the first
of its customer-facing systems in Britain was up and running
again.
The cyber attack forced the company to take all its systems
offline, causing chaos for New Year holidaymakers and business
travellers seeking online currency services.

A phased global restoration of systems was now "firmly
underway", the company said on Friday, adding that an automated
order placement service used by a number of its British High
Street banking partners was already live.

Travelex, owned by Finablr, provides forex services
for customers of HSBC, Barclays, Virgin Money
and the banking arms of British retailers Tesco
and Sainsbury.

A spokesperson for Virgin Money said customers were still
unable to place orders via its travel money website, while Tesco
Bank and Barclays said their systems were offline. A Royal Bank
of Scotland spokeswoman also said its online and
in-store systems were both still down.

"We are sorry for the inconvenience to our customers. We are
working with Travelex to get our foreign currency service back
up as soon as we are able to do so," a Barclays spokesman said.

Travelex said it was restoring in-branch retail systems in
some Travelex and partner stores in the UK and testing some
systems outside the UK this week.

"We have started restoring forex order processing
electronically in our UK stores and in some of our UK retail
partner locations, and we are also now starting our VAT refund
service in UK airports," Travelex CEO Tony D'Souza said.

The currency trader said it was in the "advanced stages" of
testing the systems supporting bank note orders and its UK
international money transfer service.

RESTORING OPERATIONS

The company, which has a presence in more than 70 countries,
had been forced to serve customers face-to-face at 1,200
locations worldwide.

Travelex had said on Monday that it was restoring operations
to process foreign exchange orders electronically. It has said
there was no evidence to suggest that customer data has been
compromised.

The company has been working with authorities including the
National Cyber Security Centre and London's Metropolitan Police,
which has launched a criminal investigation.

Global companies are increasingly facing hackers who cripple
technology systems with malicious programmes such as ransomware
and only stop after receiving substantial payments.

Travelex, which was hit by ransomware called Sodinokibi, has
not said if it paid any money to its hackers. British media
reports, including from the BBC which said it had spoken with
the hackers, have pegged the ransom demand at $6 million.

Neither Finablr nor Travelex have so far indicated how much
it has cost them to handle the incident.
(Reporting by Noor Zainab Hussain in Bengaluru, Lawrence White
and Iain Withers in London; Editing by Susan Fenton, Kirsten
Donovan)

More News
30 Jan 2024 09:34

Bank of England fines HSBC for "serious" deposit protection failures

(Alliance News) - HSBC Holdings PLC has been fined GBP57.4 million by the Bank of England's Prudential Regulation Authority for "serious failings" over customer deposit protection – the second highest penalty ever imposed by the financial watchdog.

Read more
30 Jan 2024 07:27

HSBC slapped with £57.4m fine for deposit protection failures

(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.

Read more
29 Jan 2024 14:25

Safestay annual trading to meet expectations; refinances borrowings

(Alliance News) - Safestay PLC on Monday said its annual trading was "comfortably" in line with market expectations.

Read more
25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

Read more
25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

Read more
23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

Read more
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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:

Read more
15 Jan 2024 17:06

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

FTSE 100 down 0.4%, FTSE 250 flat

*

Read more
15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

*

Read more
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.

Read more
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.

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.