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HSBC Holdings PLC (0005.HK)

0005.HK on Hong Kong Stock

76.65HKD
19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

HSBC Global Asset Management to absorb MiFID-II research costs
Monday, 18 Sep 2017 11:36am EDT 

Sept 18 (Reuters) - Hsbc Holdings Plc :Hsbc global asset management says to absorb research costs under new european union mifid-ii rules.  Full Article

HSBC Holdings declares second interim dividend for 2017
Wednesday, 13 Sep 2017 04:49am EDT 

Sept 13 (Reuters) - Hsbc Holdings PLC :Declared second interim dividend for 2017 of US$0.10 per ordinary share.  Full Article

China Huishan Dairy updates on facility agreement with HSBC
Monday, 11 Sep 2017 10:57am EDT 

Sept 11 (Reuters) - China Huishan Dairy Holdings Company Ltd <6863.HK>:Received two letters from HSBC stating that as one or more events of default under facility agreement have occurred.HSBC terminated such facility and demanded immediate repayment in aggregate amount of US$13.7 million.Continues to be in dialogue with its major bank creditors in PRC about its debt restructuring.HSBC declared all loans & all other amounts outstanding under facility agreement to be immediately due and payable.Refers to announcement dated 10 April 2017 about co receiving letter from HSBC as agent for loan facility agreement of $200 million.Is taking legal advice in connection with the termination of agreement by HSBC.Latest deadline imposed by HSBC for payment is within 3 days from 11 Sept.  Full Article

HSBC Finance Corp offers to purchase for cash up to $1.1 bln of outstanding 6.676 pct senior subordinated notes due Jan. 15, 2021
Tuesday, 5 Sep 2017 09:04am EDT 

Sept 5 (Reuters) - HSBC Finance Corp::HSBC Finance Corp Offers to purchase for cash up to $1.1 billion of outstanding 6.676% senior subordinated notes due January 15, 2021.‍HSBC Finance - entered into agreement with HSBC Holdings Plc, pursuant to which co agreed to repurchase u.s.$730.8 million of notes​.  Full Article

Comstock Resources Q2 loss per share $1.45
Monday, 7 Aug 2017 02:24pm EDT 

Aug 7 (Reuters) - Comstock Resources Inc :Comstock Resources - produced 17.3 billion cubic feet of natural gas and 243,000 barrels of oil or 18.8 billion cubic feet of natural gas equivalent in q2.Comstock Resources qtrly natural gas production averaged 190 million cubic feet per day, growth of 37% from pro forma natural gas production in q2 2016.Comstock Resources Q2 loss per share $1.07 excluding items.Comstock Resources Q2 loss per share $1.45.Comstock Resources- oil production in q2 2017, averaged 2,674 barrels of oil per day, declined by 31% from 3,900 barrels per day produced in q2 2016.Q2 earnings per share view $-1.73 -- Thomson Reuters I/B/E/S.  Full Article

Aviva ‍announce ten-year general insurance agreement with HSBC​
Thursday, 3 Aug 2017 02:09am EDT 

Aug 3 (Reuters) - AVIVA PLC ::‍AVIVA ANNOUNCE TEN-YEAR GENERAL INSURANCE AGREEMENT WITH HSBC​.‍TEN-YEAR PARTNERSHIP WILL SEE AVIVA PROVIDE A RANGE OF GENERAL INSURANCE PRODUCTS FOR HSBC IN UK​.‍MULTI-PRODUCT BANCASSURANCE DEAL WILL DELIVER SIGNIFICANT GROWTH OPPORTUNITIES FOR AVIVA'S GENERAL INSURANCE BUSINESS OVER NEXT DECADE​.‍NEW DEAL BUILDS ON A FORMER FIVE-YEAR AGREEMENT WITH HSBC TO PROVIDE HOME AND TRAVEL INSURANCE​.  Full Article

HSBC updates on share buy-back
Tuesday, 1 Aug 2017 12:03am EDT 

Aug 1 (Reuters) - HSBC <0005.HK>:enters irrevocable, non-discretionary agreement with Credit Suisse Securities (Europe).deal to enable purchase of shares by Credit Suisse, acting as principal, during period from 1 Aug and ending no later than 31 Dec.agreement for purchase price of no greater than $2 billion and simultaneous on-sale of such ordinary shares by Credit Suisse to HSBC.  Full Article

HSBC Holdings says HY reported profit before tax of $10.24 bln versus $9.71 bln
Monday, 31 Jul 2017 12:03am EDT 

July 31 (Reuters) - Hsbc Holdings Plc :HY reported profit before tax $ 10,243 million versus $ 9,714 million.HY adjusted profit before tax $ 11,967 million versus $ 10,651 million.HY adjusted revenue of $26.1 billion, up $0.8 billion or 3%.Directors declared a second interim dividend of $0.10 per ordinary share in respect of financial year ending 31 December 2017.HY reported operating expenses of $16.4 billion were $2.2 billion or 12% lower.Says Board has determined to return to shareholders up to a further US$2 billion by way of a share buy-back.As at june 30, 2017 common equity tier 1 ratio 14.7 percent."Remain on track to hit our revised cost- saving target by end of 2017"."Will continue to identify and remove low-return rwas to end of 2017 and beyond"."We are targeting 1 July 2018 as deadline to operationalise UK ring-fenced bank, ahead of statutory implementation date of 1 Jan 2019"."Remain on track to achieve around $6bn of annualised cost savings by end of year"."Expect to move all remaining sterling accounts that require new HSBC UK sort codes by end of september 2017".Remain on track to have a fully functioning team in place for opening of our new UK headquarters in q1 of 2018."We are very well advanced in filling roles that will move from London to Birmingham".  Full Article

HSBC enters EUR1.38 bln subscription agreement in relation to securities
Friday, 30 Jun 2017 06:36am EDT 

June 30 (Reuters) - Hsbc Holdings Plc :Announces issuance of perpetual subordinated contingent convertible securities.Entered into a subscription agreement dated 30 June 2017 in relation to securities.Pursuant to subscription deal, managers have agreed jointly to subscribe for firm securities issued by co in an aggregate amount of up to EUR1.38 billion.  Full Article

HSBC Holdings to issue up to 1.38 bln euros convertible securities
Friday, 30 Jun 2017 05:45am EDT 

June 30 (Reuters) - HSBC Holdings Plc ::Intends to issue up to 1.38 bln euros 4.75 pct perpetual subordinated contingent convertible securities on 4 July 2017.Denomination of securities will be 200,000 euros and integral multiples of 1,000 euros in excess thereof up to and including 399,000 euros.  Full Article

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U.S. trial set to begin for ex-HSBC executive in foreign exchange scheme

NEW YORK A former high-ranking HSBC Holdings Plc executive from Britain on Monday will become the first person to go to trial on charges stemming from a U.S. probe into foreign exchange rate manipulation.