HSBC Holdings PLC (0005.HK)
22 Feb 2017
Oil giant Saudi Aramco [IPO-ARMO.SE] has asked JPMorgan Chase & Co and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors, a source with direct knowledge of the matter said.
* HSBC announces that, as outlined in its announcement on 21 february 2017, it will commence a share buy-back of HSBC's ordinary shares of $0.50 each for up to a maximum consideration of $1,000,000,000
* JPMorgan, Morgan Stanley, Moelis asked to assist on IPO-source
BRIEF-HSBC enters into agreement with Credit Suisse Securities to enable purchase of ordinary shares
* Entered into agreement with Credit Suisse Securities (Europe) to enable purchase of ordinary shares by Credit Suisse, acting as principal
BRIEF-Saudi Aramco selects JPMorgan, HSBC, Morgan Stanley as lead underwriters for IPO - CNBC, citing DJ
* Saudi Aramco selects JPMorgan, HSBC, and Morgan Stanley as lead underwriters for its IPO - CNBC, citing Dow Jones
* HSBC slumps after plunge in pre-tax profits (Adds details, closing prices)
* FTSE 350 bank index scores worst day since Brexit (Adds closing prices)
HONG KONG/LONDON HSBC's full-year profit slumped 62 percent and fell far short of forecasts on Tuesday as the bank took hefty writedowns from restructuring and flagged near-term brakes on revenue growth. | Video
* HSBC shares fall more than 7 percent (Adds outlook on U.S. rate rises, updates shares)
LONDON, Feb 21 Figures showing the fastest pace of growth in euro zone business activity for six years propelled European stocks to a 14-month high on Tuesday, reversing an earlier fall after the continent's biggest bank HSBC reported a surprise slump in profits.