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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 683.90
Bid: 686.40
Ask: 686.60
Change: -5.40 (-0.78%)
Spread: 0.20 (0.029%)
Open: 696.80
High: 697.90
Low: 683.90
Prev. Close: 689.30
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Citi tops FX industry poll for first time since 2002

Fri, 09th May 2014 03:03

* Citi ends Deutsche's bid for 10th consecutive top spot

* Top 5 banks account for 60.62 pct of market share

By Shinichi Saoshiro

TOKYO, May 9 (Reuters) - Citibank claimed the biggest shareof the foreign exchange market for the first time since 2002, aEuromoney poll showed.

For the 2014 annual survey Citi displacedsecond-ranked Deutsche Bank, which had been top fornine straight years.

Citi accounted for 16.04 percent of the $5.3 trillion a dayforex market, up from 14.90 percent last year, the poll releasedlate on Thursday showed.

Deutsche was narrowly edged out with a market share of 15.67percent, up from 15.18 percent last year.

The biggest leap among the top 10 banks was made by Bank ofAmerica-Merrill Lynch, which rose to seventh place fromlast year's 10th spot.

RBS suffered a substantial fall in market share, to3.25 percent from 5.62 percent in 2013 and sliding to eighthfrom seventh place. RBS had ranked as high as fourth in the 2009survey.

The market share of the top five banks rose to 60.62 percentfrom 57.36 percent.

The institutional foreign exchange market has recently beenunder global investigation for alleged collusion and pricerigging.

Overall - 2014 Overall 2013----------------------------- ----------------------- Rank Bank Share Bank Share1 Citi 16.04% Deutsche Bank 15.18%2 Deutsche Bank 15.67% Citi 14.90% 3 Barclays 10.91% Barclays 10.24%4 UBS 10.88% UBS 10.11% 5 HSBC 7.12% HSBC 6.93%------------------------------------------------------------ (Editing by Jacqueline Wong)

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