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HSBC Holdings PLC

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  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 9:07 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal said. HSBC, Barclays, BNP Paribas and Goldman Sachs could not be immediately reached for comment.

  • LONDON, June 17- British workers' pay grew at its fastest rate in nearly four years in the three months to April, putting the prospect of the Bank of England finally raising interest rates firmly back on the agenda for investors. Combined with near-zero inflation and data showing an increase in foreign direct investment, the earnings numbers suggested Britain's...

  • BEIJING, June 17- China's cabinet has allowed Bank of Communications to look into taking on more private shareholding as part of the government's push to reform state-owned lenders struggling with a spike in bad loans in a slowing economy. HSBC is the largest foreign shareholder in BoCom, with a 19 percent stake, but the plan also did not mention anything about...

  • BEIJING, June 17- China's cabinet has allowed Bank of Communications, the country's fifth-biggest lender, to introduce more private shareholding as part of Beijing's financial reforms to revitalize state-owned banks. BoCom was the first of China's big five state-owned lenders to start reforms under Beijing's two-year-long overhaul of its hugely...

  • SEOUL/ HONG KONG, June 17- Any buyer of Tesco's $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain's Tesco has hired HSBC to advise on a potential sale of its South Korean unit, Homeplus, Reuters reported...

  • *HSBC joins European banks shrinking their investment banks. *New Deutsche Bank, Credit Suisse bosses set to take action. But others, like Deutsche Bank, may face tougher questions: if investment banking is not their strength, what is?

  • LONDON, June 15- A flurry of foreign licenses for Saudi Arabia's stock exchange could be awarded in the coming weeks after the first investors have been allowed direct entry to the $564 billion market, the bourse's chief executive said on Monday. Speaking on the day the exchange opened its doors to foreigners to invest directly into shares and HSBC Holdings...

  • In a response to AirAsia shares falling to five-year lows, the CEO said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. Fernandes, who has led AirAsia's rise to a billion-dollar business from a two-plane operation in 2002, wrote in his letter that the company may also sell and lease back up...

  • *HSBC plans to quadruple staff numbers. The station, 90 kilometres north of Hong Kong, is on the first open section of a super fast rail network in China's Pearl River Delta that HSBC is betting will turn the prosperous region of 40,000 square kilometres into a seamless metropolis that can fuel the bank's growth in the next decade. A visit to the area though shows up...

  • BRUSSELS, June 14- China will pledge a multi-billion dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters- Beijing's latest round of chequebook diplomacy to win greater influence. "China announced that it would make available for co-financing strategic investment of common...

  • HSBC is betting on China's Pearl River Delta for growth, but the region's patchy development underlines the risks in the bank's Asia "pivot" strategy.

  • *HSBC plans to quadruple staff numbers. The station, 90 kilometers north of Hong Kong, is on the first open section of a super fast rail network in China's Pearl River Delta that HSBC is betting will turn the prosperous region of 40,000 square kilometers into a seamless metropolis that can fuel the bank's growth in the next decade. A visit to the area though shows up...

  • Gold settles lower ahead of Fed meeting next week Friday, 12 Jun 2015 | 3:27 PM ET

    Gold inched lower on Friday as traders were cautious ahead of the U.S. Federal Reserve's policy-setting meeting next week.

  • NEW YORK, June 11- The trading volume of emerging market debt shrank by 23 percent in the first quarter of 2015 versus the same period a year ago, with weak global trade, falling commodity prices and erratic capital flows cited for some of the drop, a new survey shows. "Emerging markets had a rather bumpy start to 2015. Many large countries have seen a sharp increase in...

  • June 11- New York's top state court on Thursday declined to revive a lawsuit against a Deutsche Bank unit over the sale of mortgage-backed securities, in a case that could have an impact billions of dollars of claims stemming from the financial crisis. HSBC is the trustee of $500 million in securities backed by residential mortgages that were sold to investors...

  • June 11- New York's top state court on Thursday declined to revive a lawsuit against a Deutsche Bank unit over the sale of mortgage-backed securities, in a case that could impact billions of dollars of claims stemming from the financial crisis. The Court of Appeals said New York's six-year statute of limitations on these types of lawsuits should begin to run...

  • *MSCI defers inclusion of China A shares for second time. *MSCI, foreign funds say China must open capital markets more. And if China satisfies them, they'll be within their rights to ask why MSCI hasn't lived up to its side of the bargain, "said one source familiar with MSCI's strategy.

  • HONG KONG, June 11- China will likely quicken reforms to encourage more foreign investment in its markets after a decision by U.S. index provider MSCI Inc to hold off on including China's domestic shares in its emerging market index. Despite a recent acceleration of Beijing's reform agenda, MSCI said global investors wanted China to go further in removing...

  • *China mainland shares dip after MSCI shuns index inclusion European shares seen falling 0.1-0.2 pct. TOKYO, June 10- Asian shares rebounded from three-month lows on Wednesday, though the spectre of higher borrowing costs in the United States and concerns about the apparent lack of progress in talks between Greece and its creditors sapped confidence.