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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)

More News
21 Feb 2024 15:01

London close: Stocks mixed ahead of Fed minutes, Nvidia results

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors awaited updates from the US Federal Reserve and results from AI chipmaker Nvidia.

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21 Feb 2024 08:40

LONDON MARKET OPEN: HSBC and Glencore drag FTSE 100 into the red

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 index weighed down by weak earnings from HSBC and Glencore - among its largest constituents by market cap.

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21 Feb 2024 07:52

CORRECT: Glencore profit plunges as energy market normalises

(Corrects UK public sector net borrowing figure to billion from million.)

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21 Feb 2024 07:41

LONDON BRIEFING: Glencore profit plunges as energy market normalises

(Alliance News) - Stocks in the UK are called flat on Wednesday, with some large-cap UK company earnings for investors to digest, ahead of key catalysts to come from across the Atlantic.

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21 Feb 2024 07:02

HSBC profits soar 78% but miss forecasts on China exposure

(Sharecast News) - Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.

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21 Feb 2024 06:52

LONDON MARKET EARLY CALL: FTSE to open flat; HSBC posts record profit

(Alliance News) - Stocks in London are set to open flat on Wednesday, as investors look ahead to the Federal Reserve meeting minutes, and results from Nvidia.

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21 Feb 2024 05:57

TOP NEWS: HSBC launches USD2 billion buyback on record annual profit

(Alliance News) - HSBC Holdings PLC on Wednesday announced further share buybacks as annual profit soared on the back of higher interest rates, though its fourth-quarter performance suffered due to an impairment.

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20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

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20 Feb 2024 12:29

Wednesday preview: Fed meeting minutes, HSBC in the spotlight

(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.

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14 Feb 2024 14:15

UK earnings, trading statements calendar - next 7 days

Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

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

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30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

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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.

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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

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