Lloyds loses UK mortgage market share but remains biggest lender, UK Finance reveals
RBS overtook Barclays to become the fourth largest lender of mortgages while HSBC also grew its market share
Company
HSBC Holdings PLC
LON:HSBA
HSBC serves customers worldwide from more than 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC is one of the world's largest banking and financial services organisations.
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HSBC completes separation of retail bank to meet ring-fencing rules
HSBC finished setting up its ring-fenced bank six months ahead of the legal deadline
HSBC says outgoing RBS finance chief, Ewen Stevenson to become its group finance director
Stevenson, whose departure from RBS was announced on May 30, will succeed Ian Mackay, who is retiring as HSBC's group finance director
Virgin Money and CYBG merger could face IT meltdown like TSB, analysts warn
Analysts fear Virgin Money and CYBG could experience an IT crash like TSB in integrating its computer systems
HSBC plans to invest between US$15bn-US$17bn in technology as it gets back into "growth mode”
In a strategy update, the FTSE 100-listed lender’s chief executive John Flint said: “The existing strategy is working and provides a strong platform for future profitable growth”
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Royal Bank of Scotland in the spotlight on Wednesday as possible dividend return eyed
The state-owned lender is reportedly considering asking for permission to restart dividends after making progress in resolving legacy issues and returning to an annual profit
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Quiet week seen following UK bank holiday, with any dividend news from RBS's AGM the main interest
Week Ahead also includes full-year results from platinum refiner Johnson Matthey PLC, transport operator Firstgroup PLC, and discount retailer B&M European Value Retail SA
Morgan Stanley ups target price, estimates for HSBC, thinks narrative to shift to "business as usual"
The US investment bank's analysts said the price target hike to 950p from 800p reflects increases to its pre-tax profits forecasts of around 3% for 2019-2020
RBS set to move closer to privatisation after Saudi Arabian bank merger
HSBC affiliate Saudi British Bank has offered to buy RBS-backed Alawwal Bank in a US$5bn stock deal
Investments and investor services
FTSE 100 clocks off at new closing high
FTSE 100 closed at a new all time high on Thursday, up 0.70% to 7,787
Investments and investor services
Royal Mail in the spotlight, but will Thomas Cook deliver more growth?
As Moya Greene's last set of Royal Mail results are released analysts expect the attention will be on guidance for 2019.
Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
HSBC weak after surprise drop in first-quarter profit due to higher operating expenses
The global bank’s pre-tax profit fell by 4% to US$4.76bn, down from US$4.96bn a year earlier, below the US$5.76bn consensus estimate compiled by the firm
Investments and investor services
FTSE 100 strengthens following wishy-washy US jobs data
It's the first Friday of the month, so naturally much of the attention was on the US non-farm payroll report.
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HSBC to wrap up a busy two weeks of first quarter results from the major UK banks
Day-ahead includes first quarter updates from global lender HSBC PLC and British Airways-owner International Airlines Group PLC, plus the April US payrolls report
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Asia to drive quarterly earnings growth at HSBC and Standard Chartered
Another busy week of earnings from FTSE 350 companies awaits
HSBC to maintain dividend for 'foreseeable future', says new CEO
HSBC said it would also consider share buybacks after the provision of capital to support the growth of the business and maintaining the dividend
FTSE 100 puts in late spurt to close comfortably higher
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
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Strong cold and flu season to boost Reckitt Benckiser sales in first quarter
Reckitt Benckiser will report organic sales growth of 2.8% in the first quarter, UBS estimates
HSBC reportedly to combine UK and Switzerland private banking units into single entity
The Financial Times said Chris Allen, who runs HSBC's private bank in the UK, Channel Islands, France and Germany will become the head of private banking for Europe, the Middle East and Africa