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HSBC Holdings PLC

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  • Goldman tops 2015 City of London bank bonus charts Wednesday, 27 May 2015 | 6:42 AM ET

    LONDON, May 27- Bankers at Goldman Sachs received the highest bonuses in London's banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed. Goldman Sachs bankers received an average bonus of 194,000 pounds, some 14 percent more than their peers at second-placed Morgan...

  • LONDON, May 27- European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup grabbed business, according to widely watched industry rankings. Citigroup kept its top spot as the leading foreign exchange trading bank with a market share of 16.1 percent, up from 16 percent...

  • LONDON, May 26- Britain's top banks will be tested this year for their ability to cope with the type of market mayhem that followed the collapse of U.S. bank Lehman Brothers in 2008, the Bank of England said on Tuesday. Bank of England Deputy Governor Andrew Bailey, who also heads the central bank's Prudential Regulatory Authority, spoke last week of the need to look...

  • *Former trader Hayes goes on trial in London. LONDON, May 26- Tom Hayes, a former trader on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, the prosecution told a London court on Tuesday. Hayes is the first person to be prosecuted over manipulation of the London...

  • LONDON, May 26- Britain's top banks will be tested this year for their ability to cope with the type of market mayhem that followed the collapse of U.S. bank Lehman Brothers in 2008, the Bank of England said on Tuesday. Bank of England Deputy Governor Andrew Bailey, who also heads the central bank's Prudential Regulatory Authority, spoke last week of the need to look...

  • Opening statements are expected to begin on Tuesday in Manhattan state court in the criminal case against former Dewey& LeBoeuf chairman Steven Davis, 62; ex-executive director Stephen DiCarmine, 58; and ex-chief financial official Joel Sanders, 57.. Prosecutors from the Manhattan District Attorney's office say the defendants overstated revenue and...

  • NEW YORK— A federal appeals court has awarded HSBC a new trial in a securities class action suit that ended with a $2.46 billion judgment against the company. In 2013 a division of HSBC was ordered to pay $2.46 billion in a class action lawsuit that said its Household International mortgage lending business violated federal securities laws by misleading...

  • CHICAGO, May 21- A U.S. appeals court on Thursday reversed a $2.46 billion judgment against HSBC Holdings Plc in a long-running securities fraud class action stemming from a consumer finance business it bought more than a decade ago. The 7th U.S. Circuit Court of Appeals in Chicago said HSBC and three former Household International Inc executives were entitled...

  • *PMIs point to 0.4 pct euro zone growth in Q2- Markit. LONDON/ NEW YORK, May 21- U.S. and euro zone business growth slowed in May while China's factory sector contracted again, reinforcing the need for major central banks to continue supporting economic growth. Growth in euro zone business activity also weakened in May, just two months after the European Central Bank...

  • *GRAPHIC: UK retail sales http://link.reuters.com/raz24v. LONDON, May 21- British retail sales surged in April as consumers took advantage of falling prices and unusually warm weather encouraged shoppers to buy new clothes. Retail sales volumes rose by a stronger-than-expected 1.2 percent from March, the biggest monthly increase since November, the Office...

  • *PMIs point to 0.4 pct euro zone growth in Q2- Markit. *No signs of a Q2 pickup in Asia- HSBC. LONDON/ SYDNEY, May 21- Euro zone business growth was weaker than expected this month and factory activity in Asia's top two economies remained stuck in low gear, putting the onus squarely on the United States to drive a pick-up in global growth.

  • *Islamic State attacks in Iraq support prices. LONDON, May 21- Oil rose towards $66 a barrel on Thursday, gaining for a second day, supported by expectations that a global supply glut is starting to ease and by fighting in Iraq. "Brent is getting a bit of impetus from the threat Islamic State is posing in Iraq," said Christopher Bellew, senior broker at Jefferies Bache.

  • HONG KONG— Manufacturing in China shrank for the third straight month in May as demand remained soft, raising the chances of more stimulus to prop up growth in the world's No. 2 economy. Softer domestic and overseas demand and factory job cuts indicate that China's outsize manufacturing industry, which employs many millions of people, "may find it difficult to...

  • LONDON, May 21- Sterling hit a two-month high versus the euro and jumped against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April, recovering from a fall the previous month. But the sales figures eased concerns that a slowdown in Britain's economy in the first quarter might be the start of a longer period of...

  • *Islamic State attacks in Iraq support prices. LONDON, May 21- Oil rose further above $65 a barrel on Thursday, gaining for a second day, supported by expectations that a global supply glut is starting to ease and by fighting in Iraq. "Brent is getting a bit of impetus from the threat Islamic State is posing in Iraq," said Christopher Bellew, senior broker at Jefferies...

  • SHANGHAI, May 21- China's main stock indexes hit seven-year closing highs on Thursday despite a weak factory activity survey, and intense buying pushed Shenzhen's start-up board ChiNext up more than 3 percent to another record. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, HSBC's China...

  • *Shanghai stocks focus on potential positives of weak China PMI. TOKYO, May 21- Stock market gains were capped on Thursday in much of Asia in the wake of China's downbeat factory activity data, but shares in Shanghai focused on the potential positives from the weak reading and rallied. Spreadbetters forecast a slightly lower open for Britain's FTSE, Germany's DAX...

  • World stocks uneven after Chinese, eurozone data Thursday, 21 May 2015 | 1:53 AM ET

    TOKYO— World stock markets were lackluster Thursday after China's economy showed new signs of weakness but the Shanghai benchmark surged on hopes for more government stimulus. France's CAC 40 shed 0.4 percent to 5,112.55 and Germany's DAX dropped 0.6 percent to 11,774.01. Britain's FTSE 100 was little changed at 7,006.80.

  • *China factory activity contracts for third straight month in May. *No signs of a Q2 pickup in Asia- HSBC. The lacklustre performance in China and Japan, along with alarmingly weak export data from South Korea and Taiwan, put the burden of supporting global growth squarely on Europe and particularly the United States, which is struggling to get back on track after a...

  • *ChiNext jumps again, with green shoots seen in Hangzhou. SHANGHAI, May 21- China stocks remain bullish Thursday morning, despite a weak factory activity survey, with Shenzhen's start-up board staying in the spotlight with a more than 3 percent jump to fresh highs. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate...