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HSBC Holdings News

News on HSBC Holdings (Ticker: 0005) continually updated from thousands of sources around the net.

21 hrs ago | Forbes.com

Tartan Torment As Scottish Referendum Nears

I retired as Chairman of the Hongkong and Shanghai Banking Corporation Limited, Hang Seng Bank Ltd., and as a main board Director of HSBC Holdings in 2005 after 37 years with the HSBC Group, all of which was spent in the Middle and Far East. Having started a banking career in London 3 years prior to HSBC, I had 40 years in banking.

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Related Topix: Europe, World News, United Kingdom, Banking, Financial Services, United Kingdom Travel, Travel, Europe Travel, London, United Kingdom Travel, Lee Myung-bak, South Korea Travel, Asia Travel, Hong Kong, China Travel, China Travel

Mon Sep 15, 2014

Reuters

MOVES-HSBC's Saudi Arabia head Khoury leaves bank

HSBC Holdings' chief executive for Saudi Arabia, Walid Khoury, has left the bank, a spokesman for the lender confirmed on Monday. Nabeel Shoaib, who was deputy CEO and chief operating officer for HSBC in the kingdom, will become acting CEO, the spokesman added.

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Related Topix: Financial Services, Banking

AmericanBankingNews.com

Investment Analysts' Recent Ratings Updates for HSBC Holdings plc

Several investment firms have updated their stock ratings and price targets on shares of HSBC Holdings plc in the last week: HSBC Holdings plc had its "hold" rating reaffirmed by analysts at Deutsche Bank. They now have a GBX 640 price target on the stock.

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Related Topix: Financial Services, Banking

Business World

HSBC to settle U.S. mortgage bond claims

HSBC Holdings Plc will pay $550 million to resolve a U.S. regulator's claims that the British bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis. The settlement announced Friday between the bank's U.S. unit and the Federal Housing Finance Agency, the conservator for the two government-controlled mortgage finance companies, came less than three weeks before a Sept.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Financial Markets

Sat Sep 13, 2014

South China Morning Post

HSBC pays US$550m to settle US claims over mortgage-backed securities

The Hongkong and Shanghai Banking Corporation was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. In 1980, HSBC acquired 51 per cent of Marine Midland Bank, buying the rest in 1987.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Fannie Mae

Fri Sep 12, 2014

National Mortgage News

HSBC Agrees to Pay $550M to Resolve U.S. Mortgage Claims

Community Builder or Divider? Homeownership's Pluses and Minuses The benefits of homeownership are often cited in policy debates, though it has some downsides. Following are the advantages and costs of homeownership for neighborhoods and communities, as summarized in a recent research paper by Jason Fichtner and Jacob Feldman at George Mason University.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, George Mason University, Financial Markets, Goldman Sachs, Investment Services

Reuters

UPDATE 1-HSBC to pay $550 mln to settle U.S. mortgage bond claims -source

HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday. A settlement could be announced as soon as later Friday between HSBC and the Federal Housing Finance Agency, the conservator for the two government-controlled mortgage finance companies, the person said.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Financial Markets

Wall Street Journal

HSBC to Settle FHFA's Claims Over Mortgage Bonds

HSBC Holdings PLC will pay as much as $600 million to settle a U.S. housing regulator's claims the British bank's U.S. arm failed to disclose adequately the risks on the mortgage bonds it sold to Fannie Mae and Freddie Mac ahead of the financial crisis, people familiar with the matter said. The pact, which may be announced as early as Friday afternoon, would add HSBC's name to the list of large financial firms that have settled mortgage-bond lawsuits filed by the Federal Housing Finance Agency in 2011.

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Related Topix: HSBC Holding, Home, Banking, Mortgage, Financial Services, Personal Finance

The Globe and Mail

TD, RBC among buyers if HSBC sells Canada unit, analyst says

A woman walks past an HSBC bank on Spadina Ave. in Toronto's Chinatown on April 9, 2014. A woman walks past an HSBC bank on Spadina Ave. in Toronto's Chinatown on April 9, 2014.

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Related Topix: HSBC Holding, Banking, Financial Services, RBC Financial Group

Thu Sep 11, 2014

AmericanBankingNews.com

HSBC Holdings plc Given "A+" Credit Rating by Morningstar

HSBC Holdings plc has been given an "A+" credit rating by analysts at Morningstar . The credit rating agency's "A+" rating suggests that the company is a low default risk.

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Related Topix: Financial Services, Banking

Wed Sep 10, 2014

The Standard

Overseas better by degrees for parents

The percentage of Hongkongers considering sending their children to study at an overseas university is higher than that of parents in the mainland and Singapore, a study found. The high cost of studying overseas however poses a financial challenge for many parents, with Australia being the most expensive education destination, costing nearly HK$1 million in all.

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Related Topix: Financial Services, Banking

Canada NewsWire

International study is expensive: weigh costs against quality

According to the latest report from HSBC, The Value of Education: Springboard for success , nearly three quarters of parents around the world would consider sending their child abroad for a better university education, and half globally rank the The report, which surveyed over 4,500 parents in 15 countries, suggests that parents recognise the value of a good education, but too many are still financially underprepared. Some 89% of parents across 15 countries said that they wanted their children to go to university, but 51% globally .

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Related Topix: Financial Services, Banking, HSBC Holding

AmericanBankingNews.com

HSBC Holdings plc Receives "Outperform" Rating from Mediobanca SpA

's stock had its "outperform" rating reaffirmed by investment analysts at Mediobanca SpA in a note issued to investors on Wednesday. They currently have a GBX 680 price objective on the stock.

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Related Topix: Financial Services, Banking

Tue Sep 09, 2014

The Independent

New BBC Trust chair Rona Fairhead will keep working for HSBC and Pepsi

Note: We do not store your email address but your IP address will be logged to prevent abuse of this feature. Please read our Legal Terms & Policies Rona Fairhead, the Government's choice as next chair of the BBC Trust, said today she intends to do the job while still working for banking and retail giants HSBC and PepsiCo and holding on to a large shareholding in publishing company Pearson.

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Related Topix: Banking, Financial Services, Publishing, Media, Gaming, PaulSon Gaming, Pearson

Reuters

HSBC sets price talk on debut dollar CoCos

HSBC Holdings has started to gauge investor interest on a long-awaited inaugural dollar-denominated contingent convertible bond deal on Wednesday. The trade is coming in the form of two perpetual non-call tranches, one running up to January 2020 and the other September 2024.

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Related Topix: Financial Services, Banking

Reuters

HSBC begins marketing inaugural euro CoCo

HSBC Holdings has started to gather investor interest for an inaugural CoCo, at 5.5% for a euro denominated perpetual non-call eight year Additional Tier 1 issue. The UK bank is expected to tap the US dollar market with a perpetual non-call five and/or 10-year deals.

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Related Topix: Financial Services, Banking

Mon Sep 08, 2014

Hispanic Business

Hong Kong lower amid mixed China data

The Hang Seng Index in dropped 49.30 points, or 0.2%, to 25,190.45, with its top components - HSBC Holdings PLC and Tencent Holdings Ltd. - as a drag. HSBC was off 0.8%, and Tencent declined 1.6%.

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Related Topix: HSBC Holding, Banking, Financial Services, Financial Markets

AmericanBankingNews.com

Societe Generale Reiterates "Buy" Rating for HSBC Holdings plc

's stock had its "buy" rating reaffirmed by stock analysts at Societe Generale in a report issued on Monday. They currently have a GBX 760 price target on the stock.

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Related Topix: Financial Services, Banking

Thu Sep 04, 2014

Bloomberg

RBS, Lloyds Miss Rally as Scots Independence Vote Weighs

Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc , the U.K. banks that lend the most in Scotland, are missing out on a rally in European financial shares after a poll this week showed support for Scottish independence is increasing. Since the poll on Sept.

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Related Topix: Lloyds TSB Group, Financial Services, Banking

Wed Sep 03, 2014

AmericanBankingNews.com

Credit Suisse Reiterates Underperform Rating for HSBC Holdings plc

's stock had its "underperform" rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday.

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Related Topix: Financial Services, Banking

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