HSBA.L - HSBC Holdings plc

LSE - LSE Delayed Price. Currency in GBp
707.30
-4.50 (-0.63%)
As of 1:02PM BST. Market open.
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Previous Close711.80
Open705.60
Bid707.20 x 200000
Ask707.30 x 372700
Day's Range704.80 - 711.30
52 Week Range704.20 - 713.20
Volume6,796,908
Avg. Volume23,181,987
Market CapN/A
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 4, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • British 'bad bank' sells £5.3 billion of mortgages to Barclays consortium
    Reuters3 hours ago

    British 'bad bank' sells £5.3 billion of mortgages to Barclays consortium

    UK Asset Resolution, the British 'bad bank' set up to manage the assets of two failed lenders, has sold two portfolios of residential mortgages to an investor group led by Barclays (BARC.L), boosting the public purse by 5.3 billion pounds. The sale of around 45,000 Bradford & Bingley and Mortgage Express housing loans is expected to complete within the next few weeks, the company said in a statement on Thursday. The 5.3 billion pounds sum includes the final 4.7 billion pounds repayment of a 15.65 billion pounds Financial Services Compensation Scheme (FSCS) loan extended to Bradford & Bingley when it was nationalised in 2008.

  • Reutersyesterday

    Income funds turn sights on UK banks as end of PPI saga draws closer

    Huge payouts to customers mis-sold mortgage and credit card payment protection insurance (PPI) have cost British banks dearly for years, but the end may be in sight and income fund managers are starting to show renewed interest in the sector. Millions of borrowers were sold unsuitable PPI policies, but a deadline for customer compensation claims has been set for August 2019 and investors are already becoming more bullish about the prospects of capital returns from the banks through dividends or buybacks. "What we're anticipating ... is actually that PPI hindrance goes away and we can get significant yield growth from these companies," said Ed Meier, who runs the Old Mutual UK Equity Income Fund.

  • Reutersyesterday

    Income funds turn sights on UK banks as end of PPI saga draws closer

    Huge payouts to customers mis-sold mortgage and credit card payment protection insurance (PPI) have cost British banks dearly for years, but the end may be in sight and income fund managers are starting to show renewed interest in the sector. Millions of borrowers were sold unsuitable PPI policies, but a deadline for customer compensation claims has been set for August 2019 and investors are already becoming more bullish about the prospects of capital returns from the banks through dividends or buybacks. "What we're anticipating ... is actually that PPI hindrance goes away and we can get significant yield growth from these companies," said Ed Meier, who runs the Old Mutual UK Equity Income Fund.

  • Reutersyesterday

    U.S. senators push banks for information on Russian 'oligarchs'

    U.S. senators are pressing many of the world's largest financial institutions to disclose any links between their companies and wealthy Russians allied with Russian President Vladimir Putin, according to a letter released on Tuesday. Two Democratic senators, Jeanne Shaheen and Sheldon Whitehouse, have written to the banks, hoping to increase pressure not just on individuals on the U.S. Treasury's so-called "oligarchs list," but also on financial institutions to closely consider those with whom they do business as Washington moves to impose sanctions on Moscow. The Trump administration announced sanctions on Russia on April 6, largely responding to what U.S. intelligence agencies have said was Russian interference in the 2016 U.S. election, although Treasury painted them as a response to a series of adversarial actions by Moscow.

  • Reuters2 days ago

    Britain hails new optimism about Brexit deal for financial services

    The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London's hopes of retaining its status as a top global financial centre. Since Britain voted to leave the EU 22 months ago, some of the world's most powerful finance companies in London have been searching for a way to preserve the existing cross-border flow of trading after it leaves the bloc in March 2019. "The EU have now recognised that there will be some form of market access in financial services, having previously dismissed the idea.

  • Reuters3 days ago

    Britain hails new optimism about Brexit deal for financial services

    The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London's hopes of retaining its status as a top global financial centre. Since Britain voted to leave the EU 22 months ago, some of the world's most powerful finance companies in London have been searching for a way to preserve the existing cross-border flow of trading after it leaves the bloc in March 2019. "The EU have now recognised that there will be some form of market access in financial services, having previously dismissed the idea.

  • Europe’s largest bank is stepping up its efforts to stop financing fossil-fuel projects
    Quartz6 days ago

    Europe’s largest bank is stepping up its efforts to stop financing fossil-fuel projects

    HSBC, Europe’s largest bank, said today (April 20) that it plans to extend its ban on financing new coal-power plants to even more countries, will prohibit the financing of new offshore oil and gas projects in the Arctic, and won’t support new greenfield oil-sands projects. The bank’s head of sustainable finance, Daniel Klier, in a…

  • The Wall Street Journal6 days ago

    [$$] HSBC CEO Says Bank Overhaul Strategy 'Is Working'

    “The strategy we have is working,” Mr. Flint told shareholders at an annual meeting in London. Analysts expect the plans to include more exits from certain retail markets and a possible merger or acquisitions for HSBC’s asset-management arm, among other moves.

  • HSBC bosses grilled on bank's gender pay gap and diversity
    Reuters6 days ago

    HSBC bosses grilled on bank's gender pay gap and diversity

    Staff and investors in HSBC questioned its new bosses on Friday over how they will improve gender balance and ethnic diversity in senior management at a bank that only weeks ago reported the biggest gender pay gap among big British companies. Mark Tucker, the bank's new chairman, and new chief executive John Flint faced questions from their own employees at the bank's annual general meeting (AGM) in London over why so few women and people of colour are in its senior ranks. "I want to know specifically what HSBC is going to do to get people like myself sitting there [on the bank's board], I want to come to this AGM and see a reflection of myself sitting there," said Ololade Durodola, a black woman who works in HSBC's retail banking division.

  • HSBC to stop financing most new coal plants, oil sands, arctic drilling
    Reuters6 days ago

    HSBC to stop financing most new coal plants, oil sands, arctic drilling

    Europe's largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels. Other large banks such as ING and BNP Paribas have made similar pledges in recent months as investors have mounted pressure to make sure bank's actions align with the Paris Agreement, a global pact to limit greenhouse gas emissions and curb rising temperatures. "We recognise the need to reduce emissions rapidly to achieve the target set in the 2015 Paris Agreement... and our responsibility to support the communities in which we operate," Daniel Klier, group head of strategy and global head of sustainable finance, said in a statement.

  • Reuters6 days ago

    BRIEF-HSBC Holdings Reduces Number Of Board Committees From Seven To Five

    April 20 (Reuters) - HSBC Holdings Plc: * REDUCING NUMBER OF BOARD COMMITTEES FROM SEVEN TO FIVE * RESPONSIBILITIES OF CONDUCT AND VALUES COMMITTEE AND PHILANTHROPIC AND COMMUNITY INVESTMENT OVERSIGHT ...

  • Reuters6 days ago

    BRIEF-HSBC Says Phillip Ameen,Joachim Faber And John Lipsky To Retire

    April 20 (Reuters) - Hsbc Holdings Plc: * PHILLIP AMEEN, JOACHIM FABER AND JOHN LIPSKY WILL RETIRE FROM BOARD OF HSBC AT CONCLUSION OF ANNUAL GENERAL MEETING * PAULINE VAN DER MEER MOHR AND JONATHAN SYMONDS ...

  • Moody's7 days ago

    HF Retorno Total -- Moody's asigna calificaciones a 2 nuevos fondos de renta fija de HSBC Administradora de Inversiones S.A.SGFCI

    Moody's Latin America Agente de Calificación de Riesgo asignó calificaciones de renta fija a 2 fondos administrados por HSBC Administradora S.A SGFCI con domicilio en Argentina: Se asignaron las siguientes ...

  • Moody's7 days ago

    HF Renta Dolares FCI -- Moody's assigns ratings to 2 new Bond Funds from HSBC Administradora de Inversiones S.A.SGFCI

    Moody's Latin America Agente de Calificación de Riesgo has assigned bond fund ratings to 2 bond funds managed by HSBC Administradora S A SGFCI. "The B-bf global scale bond fund rating on HF Renta Dólares and HF Retorno Total is based on Moody's expectation that the funds will have a medium to high single B credit profile supported by investments in Argentinian fixed-income securities.

  • Reuters9 days ago

    Investors should oppose top HSBC executives' pay - PIRC

    Shareholders should reject the executive pay plans of Britain’s biggest bank HSBC (HSBA.L), a leading shareholder advisory group said on Tuesday. Pensions & Investment Research Consultants (PIRC), which advises pension funds and others on how to vote at companies' annual general meetings, said HSBC Chief Executive John Flint's potential bonus amount was "excessive" at over 200 percent of fixed pay. A spokeswoman for HSBC declined to comment.

  • Reuters9 days ago

    PRESS DIGEST- Financial Times - April 17

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines ` - HSBC announces private banking shake-up https://on.ft.com/2qCL9z2 ...

  • Reuters9 days ago

    PRESS DIGEST- Financial Times - April 17

    April 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines ` - HSBC announces private banking ...

  • HSBC sets out new structure for private bank in Europe
    Reuters10 days ago

    HSBC sets out new structure for private bank in Europe

    HSBC (HSBA.L) said on Monday it would create a single regional structure for its private bank in Europe which includes its businesses in the UK, Channel Islands, France, Germany, Switzerland and Luxembourg. The new structure, which will be called HSBC Global Private Banking, EMEA, will be led by Chris Allen, who has been appointed regional head of global private banking. "This will create a regional private banking business that is more integrated, strategically aligned and well positioned to deliver continued growth for HSBC Private Banking," the bank said in a statement.

  • Financial Times10 days ago

    [$$] HSBC announces private banking shake-up

    HSBC has shaken up the leadership and structure of its scandal-plagued private banking operation in the first move by John Flint, the group’s new chief executive, to simplify Europe’s biggest lender. The ...

  • UK lenders expect rebound in demand for mortgage lending in coming months - BoE
    Reuters14 days ago

    UK lenders expect rebound in demand for mortgage lending in coming months - BoE

    British lenders expect to see demand for mortgage lending rebound over the next few months after a sharp drop in the first quarter of 2018, a Bank of England survey showed on Thursday. The Bank, which has been urging banks to avoid risks in their lending to households, also reported the sharpest drop in the availability of unsecured lending to consumers during the first quarter since records began in 2007. A closely-watched gauge of British house prices held at a five-year low last month, reflecting soft consumer demand at a time when the Bank of England looks set to raise interest rates, property valuers said earlier on Thursday.

  • Reuters16 days ago

    HSBC to expand further in China, cut red tape under new management team

    HSBC (HSBA.L) will seek to cut internal bureaucracy and expand investment in China's southern region to the rest of the country, executives at the bank said on Monday, in the first hints of the strategy to be pursued by its new leadership duo. Mark Tucker, the bank's first externally appointed chairman, told analysts and investors at a meeting in Hong Kong that trimming the bank's bloated governance structure was one of his top priorities. The presentation, meanwhile, offered the first sign for investors that the bank's new Chief Executive John Flint will double down on HSBC's 'pivot' to Asia and China in particular, despite some setbacks in the plan launched in June 2015.

  • Angola Gets $500 Million From HSBC Account Frozen Due to Fraud
    Bloomberg17 days ago

    Angola Gets $500 Million From HSBC Account Frozen Due to Fraud

    Angola has recouped $500 million that was frozen in an HSBC Holdings Plc account in London linked to an alleged fraud, the Finance Ministry said.

  • Reuters17 days ago

    HSBC names veteran banker head of Asia belt and road initiative

    HSBC Holdings Plc (HSBA.L) said on Monday it had appointed its Malaysia CEO to the newly created position of head of Belt and Road initiative in Asia Pacific, as it bets on China's drive to build a modern-day Silk Road to help grow its business. Mukhtar Hussain, who first joined HSBC in 1982, will start in his new role on July 1, the London-headquartered bank, which made over 75 percent of its profits in Asia in 2017, said in a statement. Introduced in 2013, the Belt and Road project is aimed at building a modern-day economic Silk Road, connecting China by land and sea to Southeast Asia, Pakistan and Central Asia, and beyond to the Middle East, Europe and Africa.