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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: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
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UPDATE 5-U.S. slams HSBC over treatment of Hong Kong customers, says China 'bullying' UK

Wed, 26th Aug 2020 12:37

* Pompeo renews attack on British bank

* HSBC caught in Beijing-Washington spat

* Bank declines to comment
(Adds comment from FCO spokesman)

By Susan Heavey, Lawrence White and Anne Marie Roantree

WASHINGTON/LONDON/HONG KONG, Aug 26 (Reuters) - U.S.
Secretary of State Mike Pompeo on Wednesday renewed criticism of
British bank HSBC for its reported treatment of
customers linked with the pro-democracy movement in Hong Kong,
saying China was "bullying" the United Kingdom.

Pompeo cited reports of Hong Kong-based executives at Next
Media being unable to access their HSBC bank accounts and said
the bank was "maintaining accounts for individuals who have been
sanctioned for denying freedom for Hong Kongers, while shutting
accounts for those seeking freedom."

"Free nations must ensure that corporate interests are not
suborned by the CCP (Chinese Communist Party) to aid its
political repression," Pompeo said in a statement.

Next Media is the previous name of Next Digital,
publisher of the Apple Daily newspaper and part-owned by
democracy activist and media tycoon Jimmy Lai, who was arrested
Aug. 10 under Hong Kong's new security law.

While Next Digital's business account remains open, HSBC has
frozen Lai's personal and private business accounts, as well as
the personal and credit card accounts of senior executive Mark
Simon, Simon told Reuters.

The bank is still taking loan and credit card payments from
the accounts despite the block, Simon said.

A spokeswoman for London-based HSBC declined to comment on
Pompeo's remarks or the allegations made by Next Digital.

A spokesman for Britain's Foreign & Commonwealth Office
said: "We are in close contact with a wide range of businesses
in Hong Kong and are working with them on the impact of the
national security legislation and related developments."

China's Foreign Affairs Ministry did not immediately respond
to a request for comment.

HSBC has in recent months faced mounting pressure on both
sides of the Atlantic as it attempts to balance its need to
maintain access to the Chinese market with appeasing lawmakers
in the United States and Britain critical of Beijing's handling
of the democracy movement in Hong Kong.

Senior British and U.S. politicians have criticized HSBC and
Standard Chartered after the banks backed China's
national security law for the territory.

Last month, British Foreign Secretary Dominic Raab
reprimanded HSBC and other banks for supporting the new law,
saying the rights of the people of Hong Kong should not be
sacrificed for bankers' bonuses.

Global banks have been examining whether their clients in
Hong Kong have ties to the city's pro-democracy movement, in an
attempt to avoid getting caught in the crosshairs of the
security law, Reuters reported last month.

(Reporting by Susan Heavey in Washington, Lawrence White and
Sinead Cruise in London, and Anne Marie Roantree in Hong Kong;
additional reporting by Beijing bureau and Juby Babu in
Bengaluru; editing by Steve Orlofsky and Rosalba O'Brien)

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29 Nov 2023 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US data

(Alliance News) - European equities were largely higher heading into Wednesday afternoon's US gross domestic product reading, though London's FTSE 100 underperformed as China-exposed shares and international earners declined.

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29 Nov 2023 11:13

IN BRIEF: Pets At Home starts GBP25 million 2nd half of share buyback

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27 Nov 2023 17:08

LONDON MARKET CLOSE: Downbeat China data hurts exposed FTSE 100 stocks

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27 Nov 2023 11:58

LONDON MARKET MIDDAY: Downbeat China headlines hurt FTSE 100

(Alliance News) - London's FTSE 100 made an uncertain start to the week, with share price falls for miners, oil majors and China-exposed stocks sending the large-cap benchmark into the red heading into Monday afternoon.

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27 Nov 2023 06:47

UPDATE: HSBC UK says banking services return after Black Friday outage

(Alliance News) - HSBC Holdings PLC said its digital services are returning to normal after UK customers were left struggling to access mobile and online banking on one of the busiest shopping days of the year.

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24 Nov 2023 11:48

HSBC UK investigating as customers struggle to access banking services

(Alliance News) - HSBC UK is investigating "as a matter of urgency" as customers have been struggling to access banking services on Black Friday.

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24 Nov 2023 11:01

HSBC apologises after online banking outage

(Sharecast News) - HSBC issued an apology on Friday morning after a disruption to its mobile and online banking services left many UK customers unable to access their accounts on one of the year's biggest shopping days.

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23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

(Alliance News) - Greencore Group PLC on Thursday said it signed a new five-year GBP350 million sustainability-linked revolving credit facility.

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22 Nov 2023 15:12

London close: Stocks mixed as investors digest Autumn Statement

(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by the Chancellor's Autumn Statement and big moves from the likes of Sage and Kingfisher.

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22 Nov 2023 09:48

LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore

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

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22 Nov 2023 07:50

RBC Capital downgrades HSBC, says shares looking 'more fair value'

(Sharecast News) - RBC Capital Markets downgraded HSBC on Wednesday to 'sector perform' from 'outperform' and cut the price target to 775p from 825p as it said the shares are looking more fair value.

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22 Nov 2023 07:47

LONDON BRIEFING: SigmaRoc signs USD1 billion deal for CRH lime assets

(Alliance News) - Stocks are expected to edge higher at Wednesday's market open in London, as investors look ahead to the latest fiscal announcements from the UK government.

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21 Nov 2023 06:24

Banks accused of 'lack of transparency' over green finance activities

(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

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14 Nov 2023 13:44

Halifax, First Direct, HSBC UK among lenders cutting UK mortgage rates

(Alliance News) - Major lenders have announced new mortgage rate cuts in the UK, widening the choice for borrowers searching for deals under the 5% mark.

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13 Nov 2023 12:27

Chinese credit growth ticks higher in October but rate of money supply increase slows

(Sharecast News) - Lending growth in the People's Republic of China ticked higher last month, but the details of the latest figures attested to cooling domestic demand even amid increased fiscal stimulus.

Read more

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