http://static1.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Mon, 23 Oct 2017 10:47:10 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171020174001_13404514/ Fri, 20 Oct 2017 17:40:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171020174001_13404514/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171019174001_13402988/ Thu, 19 Oct 2017 17:40:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171019174001_13402988/ <![CDATA[News - Treasury calls for probe of HSBC and Standard Chartered on links to South Africa corruption ]]> http://static1.proactiveinvestors.co.uk/companies/news/185895/treasury-calls-for-probe-of-hsbc-and-standard-chartered-on-links-to-south-africa-corruption-185895.html The Treasury has asked UK regulators to investigate whether banks HSBC Holdings PLC (LON:HSBA) and Standard Chartered PLC (LON:STAN) are linked to a South Africa corruption scandal.

Labour cabinet minister Peter Hain has written a letter to Chancellor Philip Hammond, saying a whistleblower had indicated the lenders "maybe inadvertently have been conduits for the corrupt proceeds of money”, the BBC reported.

The letter has been referred to the Financial Conduct Authority and the Serious Fraud Office to review.

Hain told the House of Lords that up to £400mln of illicit funds may have been moved by the banks.

South Africa corruption inquiry 

The FCA and the SFO have been asked to review whether the banks are linked to South Africa’s corruption inquiry into alleged ties between President Jacob Zuma and wealthy business family, the Guptas.

The Guptas are accused of buying influence in government to benefit the family financially.

Zuma and the Guptas have denied any wrongdoing but leaked emails and official investigations have fuelled the allegations. 

The scandal has already ruined UK public relations firm Bell Pottinger, which counted Gupta holding company Oakbay Investments as a client. It saw its business collapse when it was struck off by the UK PR industry body for its work with Oakbay. 

HSBC and Standard Chartered asked to review transactions

Hain said banks, including HSBC and Standard Chartered, should review transactions involving individuals and companies linked to the Gupta family.

He urged UK authorities "to track that stolen money down and make sure that British financial institutions help return it to South African taxpayers".

Hain said whistleblowers told him that the money was taken out of South Africa via Hong Kong and Dubai.

FCA in contact with banks

A Treasury spokesperson said: “We take allegations of financial misconduct very seriously, and have passed Lord Hain's letter on to the Financial Conduct Authority and relevant UK law enforcement agencies, including the National Crime Agency and Serious Fraud Office, to agree the right action." 

The FCA said it was also in contact with the banks named by Lord Hain and would consider the responses received carefully.

HSBC declined to comment on the claims.

A Standard Chartered spokeswoman said: "We are not able to comment on the details of client transactions but can confirm that following an internal investigation accounts were closed by us in 2014."

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Thu, 19 Oct 2017 14:35:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185895/treasury-calls-for-probe-of-hsbc-and-standard-chartered-on-links-to-south-africa-corruption-185895.html
<![CDATA[RNS press release - Third interim dividend 2017 - scrip alternative ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171019100002_13402276/ Thu, 19 Oct 2017 10:00:02 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171019100002_13402276/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171018174502_13401421/ Wed, 18 Oct 2017 17:45:02 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171018174502_13401421/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171018163001_13401328/ Wed, 18 Oct 2017 16:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171018163001_13401328/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171017173502_13399891/ Tue, 17 Oct 2017 17:35:02 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171017173502_13399891/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171016173501_13398319/ Mon, 16 Oct 2017 17:35:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171016173501_13398319/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171013173001_13396815/ Fri, 13 Oct 2017 17:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171013173001_13396815/ <![CDATA[News - HSBC, Citigroup, and Deutsche Bank agree to pay combined US$132mln to settle a US Libor class action ]]> http://static1.proactiveinvestors.co.uk/companies/news/185554/hsbc-citigroup-and-deutsche-bank-agree-to-pay-combined-us132mln-to-settle-a-us-libor-class-action-185554.html HSBC Holdings PLC (LON:HSBA), Citigroup Inc, (NYSE:C) and Deutsche Bank AG have agreed to pay a combined US$132mln to settle a US class action brought by futures traders accusing them of manipulating the Libor benchmark interest rate, according to a Reuters report.

The news agency said HSBC, Citi, and Deutsche Bank have agreed to each pay US$33.4mln, US$80mln,and US$18.5mln respectively, according to a filing in the Manhattan federal court.

READ: HSBC's current head of Retail Banking and Wealth Management to be next CEO

The money will go to proposed classes consisting of anyone who traded in Eurodollar futures on exchanges, including but not limited to the Chicago Mercantile Exchange, between 1 January  2003 and 31 May 2011, according to the filing.

"We are pleased the matter is resolved," HSBC spokesman Rob Sherman told Reuters.

Banks use Libor, or the London Interbank Offered Rate, to set rates on hundreds of trillions of dollars of credit card, mortgage, student loan and other transactions, and to determine the cost of borrowing from one another.

READ: HSBC boss confirms plans to shift UK jobs to Paris in event of 'hard Brexit'

The futures traders' lawsuit is among many brought by various investors in Manhattan court accusing banks of colluding to rig rates or prices in various financial and commodities markets.

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Fri, 13 Oct 2017 07:35:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185554/hsbc-citigroup-and-deutsche-bank-agree-to-pay-combined-us132mln-to-settle-a-us-libor-class-action-185554.html
<![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171012173501_13395332/ Thu, 12 Oct 2017 17:35:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171012173501_13395332/ <![CDATA[News - HSBC's current head of Retail Banking and Wealth Management to be next CEO ]]> http://static1.proactiveinvestors.co.uk/companies/news/185504/hsbc-s-current-head-of-retail-banking-and-wealth-management-to-be-next-ceo-185504.html John Flint, chief executive of Retail Banking and Wealth Management at HSBC Holdings PLC (LON:HSBA) is to be the banking giant’s next chief executive.

Flint will succeed Stuart Gulliver as executive director and group chief executive upon Gulliver’s retirement next year on 21 February.

READ: HSBC shares jump after announcing US$2bn share buyback and first-half profit growth

"John has broad and deep banking experience across regions, businesses and functions,” said group chairman Mark Tucker, who led the search for Gulliver’s successor.

Tucker took over as chairman at the beginning of this month, succeeding Douglas Flint (no relation to John Flint).

“He has a great understanding and regard for HSBC's heritage, and the passion to build the bank for the next generation. Through the search process, John has developed with myself [sic] and the board a clear sense of the opportunities and priorities that lie ahead,” Tucker said in a statement.

“Over the coming months, before he formally takes over the group CEO role from Stuart, we will be working closely together to develop and agree the key actions required to ensure we build on and enhance HSBC's current momentum," he added.

READ: HSBC boss confirms plans to shift UK jobs to Paris in event of 'hard Brexit'

Shares in HBSC edged up a penny to 740p on the news but remained down 1.1% on the day.

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Thu, 12 Oct 2017 11:46:00 +0100 http://static1.proactiveinvestors.co.uk/companies/news/185504/hsbc-s-current-head-of-retail-banking-and-wealth-management-to-be-next-ceo-185504.html
<![CDATA[RNS press release - HSBC CEO appointment ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171012110002_13394759/ Thu, 12 Oct 2017 11:00:02 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171012110002_13394759/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171011175001_13393891/ Wed, 11 Oct 2017 17:50:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171011175001_13393891/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171010173501_13392379/ Tue, 10 Oct 2017 17:35:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171010173501_13392379/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171010163001_13392288/ Tue, 10 Oct 2017 16:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171010163001_13392288/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171009181501_13390971/ Mon, 09 Oct 2017 18:15:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171009181501_13390971/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171009174001_13390957/ Mon, 09 Oct 2017 17:40:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171009174001_13390957/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171006174501_13389434/ Fri, 06 Oct 2017 17:45:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171006174501_13389434/ <![CDATA[RNS press release - Issuance of Senior Unsecured Notes ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171006113001_13388918/ Fri, 06 Oct 2017 11:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171006113001_13388918/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171005174501_13387965/ Thu, 05 Oct 2017 17:45:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171005174501_13387965/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171004174501_13386391/ Wed, 04 Oct 2017 17:45:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171004174501_13386391/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171003175501_13384838/ Tue, 03 Oct 2017 17:55:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171003175501_13384838/ <![CDATA[RNS press release - Third Interim Dividend for 2017 ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171003093002_13383887/ Tue, 03 Oct 2017 09:30:02 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171003093002_13383887/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171002180001_13383238/ Mon, 02 Oct 2017 18:00:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20171002180001_13383238/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929175502_13381318/ Fri, 29 Sep 2017 17:55:02 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929175502_13381318/ <![CDATA[RNS press release - Total Voting Rights ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929163001_13381166/ Fri, 29 Sep 2017 16:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929163001_13381166/ <![CDATA[RNS press release - Publication of base prospectus supplement ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929130000_13380759/ Fri, 29 Sep 2017 13:00:00 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929130000_13380759/ <![CDATA[RNS press release - Retirement of Chairman ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929112502_13380576/ Fri, 29 Sep 2017 11:25:02 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170929112502_13380576/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170928172501_13379423/ Thu, 28 Sep 2017 17:25:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170928172501_13379423/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170928172001_13379413/ Thu, 28 Sep 2017 17:20:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170928172001_13379413/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170927173501_13377825/ Wed, 27 Sep 2017 17:35:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170927173501_13377825/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170926175501_13376317/ Tue, 26 Sep 2017 17:55:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170926175501_13376317/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170925172501_13374748/ Mon, 25 Sep 2017 17:25:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170925172501_13374748/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170925165001_13374700/ Mon, 25 Sep 2017 16:50:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170925165001_13374700/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170922182001_13373211/ Fri, 22 Sep 2017 18:20:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170922182001_13373211/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170922181501_13373210/ Fri, 22 Sep 2017 18:15:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170922181501_13373210/ <![CDATA[RNS press release - Overseas Regulatory Announcement ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170922100001_13372438/ Fri, 22 Sep 2017 10:00:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170922100001_13372438/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170921175001_13371667/ Thu, 21 Sep 2017 17:50:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170921175001_13371667/ <![CDATA[RNS press release - Total Voting Rights ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170921163001_13371561/ Thu, 21 Sep 2017 16:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170921163001_13371561/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170920180001_13369991/ Wed, 20 Sep 2017 18:00:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170920180001_13369991/ <![CDATA[RNS press release - Overseas Regulatory Announcement - Board Meeting ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170920103005_13369196/ Wed, 20 Sep 2017 10:30:05 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170920103005_13369196/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170919180001_13368365/ Tue, 19 Sep 2017 18:00:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170919180001_13368365/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170918174500_13366839/ Mon, 18 Sep 2017 17:45:00 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170918174500_13366839/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170915175501_13365203/ Fri, 15 Sep 2017 17:55:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170915175501_13365203/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170915163001_13365042/ Fri, 15 Sep 2017 16:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170915163001_13365042/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170914172500_13363586/ Thu, 14 Sep 2017 17:25:00 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170914172500_13363586/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170913175501_13362065/ Wed, 13 Sep 2017 17:55:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170913175501_13362065/ <![CDATA[RNS press release - Scrip Dividend - Issue Announcement ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170913093001_13361226/ Wed, 13 Sep 2017 09:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170913093001_13361226/ <![CDATA[RNS press release - Transaction in Own Shares ]]> http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170912173001_13360524/ Tue, 12 Sep 2017 17:30:01 +0100 http://static1.proactiveinvestors.co.uk/companies/rns/3429/LSE20170912173001_13360524/