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: 692.10
Bid: 692.00
Ask: 692.20
Change: 7.00 (1.02%)
Spread: 0.20 (0.029%)
Open: 681.70
High: 692.30
Low: 681.70
Prev. Close: 685.10
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Warsaw looks to win more finance business in wake of Brexit

Tue, 30th Aug 2016 11:28

By Marcin Goclowski

WARSAW, Aug 30 (Reuters) - Poland's deputy prime minister isdue to meet a string of banks in London this week as the countrytries to boost its status as one of Europe's fastest growingfinancial centres and benefit from Britain's decision to leavethe European Union.

Poland has already attracted a number of financial investorssuch as UBS, Credit Suisse, Bank of NY Mellon and HSBC, whichhave opened large back office operations.

It is hoping to build on that by attracting more banks,especially in areas such as risk management and IT services.

"We're not without a chance when it comes to luringinteresting investors to the so-called middle office, or backoffice," Deputy Prime Minister and Economy Minister MateuszMorawiecki told private broadcaster TVN24 on Tuesday.

"But there are also highly-paid development functions suchas risk management, IT management, information management, datamanagement. These are very important and interesting corporatefunctions."

Morawiecki believes Poland, which will be the biggest noneuro-zone economy in the EU once Britain leaves, could be a goodpartner for British financial firms by offering them access tothe single market.

Big financial firms London are losing faith in a quick fixto get access to the EU after Britain leaves and are drawing upcontingency plans.

European heavyweights Germany and France have played downhopes of an easy deal to keep London's financial hub intact andFrankfurt, Paris, Dublin, Luxembourg, Milan and Amsterdam arevying to woo UK-based firms.

According to one government source, Morawiecki will fly toLondon on Wednesday evening ahead of meetings with dozens offirms, including Barclays, Credit Suisse, BNP Paribas andCitibank, as well as pension funds and hedge funds.

"There is a slight increase in financial firms' interest inmoving to Poland from the City but it is still hard work toattract them as Poland is not in the euro zone. Their primaryoptions are places like Brussels, Amsterdam," a seniorgovernment source said.

Morawiecki will also participate in meetings Poland'sbiggest bank, state-run PKO BP, has organised withinvestment funds.

Poland is betting its relatively fast-growing economy andbelow-average salaries will attract new players. But investorswill have to consider rising policy uncertainty as the rulingconservative Law and Justice party (PiS) moves to introduce morestate control over the economy.

This month, rating agency Moody's said a constitutionalcrisis in Poland was threatening its relationship with theEuropean Union and investors. (Additional reporting by Wojciech Zurawski in Krakow; editingby David Clarke)

More News
29 May 2024 13:14

HSBC completes sale of Russian unit to Expobank

MOSCOW, May 29 (Reuters) - HSBC has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty.

Read more
23 May 2024 12:53

HSBC fined £6.3m over treatment of customers in financial difficulty

(Sharecast News) - HSBC has been fined nearly £6.3m by the Financial Conduct Authority over its treatment of customers in financial difficulty.

Read more
23 May 2024 11:20

HSBC fined in UK over treatment of customers in financial difficulty

(Alliance News) - HSBC Holdings PLC has been fined about GBP6.3 million for failures over the treatment of customers who were in arrears or experiencing financial difficulty.

Read more
21 May 2024 16:41

Singapore sells 30-year green bond, raising $1.9 billion

Yield set at 3.30%, coupon rate at 3.25%

*

Read more
21 May 2024 14:08

Begbies Traynor proclaims "strong performance" ahead of annual results

(Alliance News) - Begbies Traynor Group PLC on Tuesday said it expects to report increased revenue and earnings for its latest financial year.

Read more
20 May 2024 16:11

IN BRIEF: HSBC issues EUR1.25 billion fixed to floating rate notes

HSBC Holdings PLC - London-based Asia-focused lender - Issues EUR1.25 billion 3.755% fixed to floating rate notes due 2029 under its debt issuance programme.

Read more
20 May 2024 09:57

SDI profit expected to slump 32% despite trading uptick in second half

(Alliance News) - SDI Group PLC on Monday said it remains in a good position to continue with its buy and build strategy despite a drop in overall performance.

Read more
16 May 2024 20:05

PRESS: HSBC shareholder, Ping An, mulls options for stake — Bloomberg

(Alliance News) - Ping An Insurance Group Co is weighing options that would allow it to reduce its 8% stake in HSBC Holdings PLC, Bloomberg reported Thursday.

Read more
14 May 2024 16:11

Kazakhstan opens thorny debate on 2025 OPEC+ oil quotas

LONDON, May 14 (Reuters) - Kazakhstan opened on Tuesday a thorny debate on OPEC+ production levels, saying it believed it should be allowed to pump more oil in 2025, when all current output cuts by the producer group are due to expire.

Read more
14 May 2024 06:27

UK ministers, companies visit Saudi Arabia to boost trade ties

(Alliance News) - UK Cabinet ministers are visiting Saudi Arabia in a bid to bolster trade links with the kingdom amid reports that Riyadh authorised the use of lethal force to clear land for a new desert city.

Read more
9 May 2024 17:33

London's FTSE 100 hits record for fourth session after BoE signals rate cuts

FTSE 100 up 0.3%, FTSE 250 adds 0.2%

*

Read more
9 May 2024 17:06

STOXX 600 ends at record high; BBVA weighs on Spain

Mercedes-Benz, HSBC, Allianz trade ex-dividend

*

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

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

Read more
8 May 2024 12:30

Abu Dhabi's Aldar sell $500 mln in 10-year green sukuk

May 8 (Reuters) - Abu Dhabi's largest real estate developer Aldar Properties Has launched $500 million in 10-year green sukuk, an arranging bank document revealed on Wednesday.

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.