HSBC board to avoid angry investors at AGM behind closed doors
6th Apr 2020 12:18
(Sharecast News) - HSBC has switched the venue of its annual general meeting to its London head office and barred shareholders from attending in a move that will shield directors from investor anger after a turbulent year for the bank.
Read moreFCA to freeze consumer loan payments in emergency measures
2nd Apr 2020 07:44
(Sharecast News) - The Financial Conduct Authority has asked lenders to introduce loan payment freezes and interest-free overdrafts to support consumers whose finances have been hit by the Covid-19 crisis.
Read moreHSBC scraps dividends at BoE's request
1st Apr 2020 07:16
(Sharecast News) - HSBC has cancelled its fourth-quarter dividend and agreed not to pay dividends or buy back shares in 2020 after the Bank of England told the bank to conserve capital during the Covid-19 crisis.
Read moreUK banks warned against profiteering during Covid-19 crisis
26th Mar 2020 12:34
(Sharecast News) - UK banks were formally warned not to take advantage of the coronavirus crisis as they were accused in parliament of profiteering.
Read moreUK banks 'well able' to withstand Covid-19 crisis - FPC
24th Mar 2020 12:02
(Sharecast News) - UK banks are well positioned to withstand the severe disruption brought about by the coronavirus pandemic, the Bank of England's Financial Policy Committee said on Tuesday, as it pledged to take further action to underpin financial stability if needed.
Read moreHSBC appoints Noel Quinn as permanent CEO
17th Mar 2020 18:12
(Sharecast News) - HSBC has appointed interim chief executive Noel Quinn to the role on a permanent basis, with immediate effect.
Read moreTuesday broker round-up
17th Mar 2020 13:00
(Sharecast News) - Ti Fluid Systems: Citigroup downgrades to neutral with a target price of 140p.
Read moreMonday broker round-up
16th Mar 2020 13:18
(Sharecast News) - Weir Group: Morgan Stanley downgrades to equal weight with a target price of 1,350p.
Read moreCoronavirus infection triggers partial evcuation at HSBC
5th Mar 2020 11:57
(Sharecast News) - HSBC's research department in the City was evacuated and sanitized after an employee tested positive for the COVID-19 coronavirus.
Read moreTuesday broker round-up
3rd Mar 2020 12:46
(Sharecast News) - Huntsworth: Liberum downgrades to hold with a target price of 108p.
Read moreMonday broker round-up
2nd Mar 2020 13:33
(Sharecast News) - Burberry Group: Bank of America upgrades to buy with a target price of 1,800p.
Read moreHSBC's premium valuation 'unjustified', argues Berenberg
26th Feb 2020 10:59
(Sharecast News) - Berenberg has reiterated is 'sell' rating on HSBC, arguing the blue chip bank's premium valuation is "unjustified".
Read moreHSBC set to close 27 more UK branches in 2020
25th Feb 2020 08:21
(Sharecast News) - HSBC expects another wave of closures in the UK with 27 branches confirmed for the cut as more customers turn to online and mobile banking.
Read moreUniCredit's Mustier withdraws from running for top post at HSBC
24th Feb 2020 11:18
(Sharecast News) - Italian bank UniCredit said on Monday that its current chief executive officer, Jean Pierre Mustier, will remain in his role.
Read moreUK regulator tells companies to report coronavirus risks
18th Feb 2020 07:47
(Sharecast News) - The UK's accountancy regulator told companies to report the full extent of risks caused by coronavirus when announcing financial results as concerns mounted about the disease's effect on business and the global economy.
Read more