Key Developments: HSBC Holdings PLC (HSBA.L)

HSBA.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

HSBC Holdings PLC announces Sale of Brazil business
Monday, 3 Aug 2015 02:01am EDT 

HSBC Holdings PLC:Enters into an agreement to sell its entire business in Brazil, comprising HSBC Bank Brasil S.A - Banco Multiplo and HSBC Servicos e Participacoes Ltda to Banco Bradesco S.A for an all cash consideration of $5.2 bln.  Full Article

HSBC Holdings PLC declares dividend
Monday, 3 Aug 2015 02:00am EDT 

HSBC Holdings PLC:Declares a second interim dividend in respect of the financial year ending Dec. 31 of $0.10 per ordinary share, a distribution of about $1,954m which will be payable on Oct. 2.  Full Article

HSBC Holdings PLC must face U.S. lawsuit over failed credit unions - Reuters
Monday, 20 Jul 2015 08:00pm EDT 

HSBC Holdings PLC:Says A federal judge rejected HSBC Holdings Plc's bid to dismiss a U.S. lawsuit claiming that its failure to perform its duties as trustee for $2.37 billion of residential mortgage-backed securities contributed to the downfall of five federal credit unions - Reuters.U.S. District Judge Shira Scheindlin in Manhattan said the National Credit Union Administration had standing to sue even though most of the debt had been resecuritized, and the new trustee refused to sue HSBC on its behalf.Says the lawsuit is one of many in which the NCUA is seeking to recover investment losses that led to the 2009 and 2010 failures of the U.S. Central, Western Corporate, Constitution Corporate, Members United Corporate and Southwest Corporate credit unions.Says Some lawsuits targeted banks that allegedly sold securities backed by defective residential mortgages.Says ther lawsuits targeted trustees who allegedly failed to monitor loan servicers or to require banks to buy back defective loans.  Full Article

HSBC Holdings PLC to cut up to 50,000 jobs; slash investment bank - Reuters
Monday, 8 Jun 2015 08:00pm EDT 

HSBC Holdings PLC:Says Will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance - Reuters.Says Job cuts, which will affect almost a fifth of the bank's workforce, involve 25,000 staff from the expected sales of the lender's Brazil and Turkey units and 22,000-25,000 from the consolidation of IT and back office operations and branch closures.Says cuts, to be completed by 2017, will be followed by some hiring in growth businesses and the bank's compliance division, HSBC said without providing details on how many people will be recruited.Says will shrink the global banking and markets division to less than one third of HSBC's $2.6 trillion balance sheet from its current level of around 40 percent, a significant but expected shift for the lender.Confirmed the planned sale of its units in Turkey and Brazil, adding it would keep a presence in the latter to serve corporate clients.Says to evaluate whether to move headquarters from London to Asia, likely Hong Kong.Says will complete the review of the possible move by the end of the year.  Full Article

HSBC Holdings declares first interim dividend
Thursday, 4 Jun 2015 04:24am EDT 

HSBC Holdings PLC:Declares a first interim dividend of US$0.10 per ordinary share.Payable on July 8 to shareholders who are recorded on the Principal register, Hong Kong or Bermuda Overseas Branch registers on May 22.  Full Article

HSBC Holdings set to cut thousands of jobs globally - Sky News
Tuesday, 2 Jun 2015 01:17am EDT 

HSBC Holdings Plc:Set to cut thousands of jobs globally - Sky News.Could announce thousands of job cuts at a strategy day next week as part of Chief Executive, Stuart Gulliver's overhaul of Europe's biggest bank.An estimated 10,000 to 20,000 jobs will be axed.  Full Article

HSBC Holdings PLC declares dividend
Friday, 29 May 2015 04:00am EDT 

HSBC Holdings PLC:Declares dividend declared a first interim dividend for 2015 of $0.10 per ordinary share.Says the first interim dividend will be payable on July 8 to holders of record on May 22.  Full Article

HSBC Holdings PLC declares first interim dividend for 2015
Tuesday, 5 May 2015 04:15am EDT 

HSBC Holdings PLC:Declared a first interim dividend of $0.10 per ordinary share in respect of the year ending Dec. 31, 2015.The dividend will be payable on July 8 to holders of record on May 22.  Full Article

HSBC Holdings PLC announces fourth interim dividend
Wednesday, 22 Apr 2015 04:30am EDT 

HSBC Holdings PLC:Says that it has declared the fourth interim dividend for 2014 of $0.20 per ordinary share.The dividend is payable on April 30, 2015 to holders of record on March 6, 2015 on the Principal Register in the United Kingdom or the Overseas Branch Registers in Hong Kong or Bermuda.  Full Article

HSBC Holdings PLC updates on issuance of perpetual subordinated contingent convertible securities
Monday, 30 Mar 2015 10:15am EDT 

HSBC Holdings PLC:Says that all of the conditions precedent under the Securities Terms Agreement have been satisfied and $2,450,000,000 6.375 pct Perpetual Subordinated Contingent Convertible Securities were issued on March 30 in accordance with the terms of such agreements.Securities included $200,000,000 aggregate principal amount of Over-allotment Securities, which were issued pursuant to the exercise of the Underwriters' over-allotment option.  Full Article

MOVES-HSBC appoints Antonio Simoes CEO of HSBC Bank

Aug 4 - HSBC Holdings Plc appointed Antonio Simoes chief executive of HSBC Bank Plc and CEO for Europe, effective Sept. 1.

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