Finance guide could spur extra $200 billion for sustainable development, JPMorgan says — Oct 23rd, 2024

A new guide for countries and companies seeking financing for activities that have a positive and verifiable social or environmental impact could unlock an extra $200 billion a year for sustainable development, a JPMorgan executive told Reuters....

Top UK Dividend Stocks To Consider In January 2025 — Jan 17th, 2025

As the UK market grapples with global economic uncertainties, particularly influenced by faltering trade data from China, the FTSE 100 has seen a downturn, reflecting broader concerns about international demand and commodity prices. In such volatile conditions, dividend stocks can offer in...

HSBC stops processing Russia payments for retail customers — Nov 22nd, 2024

HSBC has stopped processing all payments from Russia or Belarus for personal banking customers, the bank said on Friday,...

HSBC, Standard Chartered, Bocom can now open mainland China accounts for Hongkongers — Jan 20th, 2025

HSBC, Standard Chartered Bank, and Bank of Communications (Bocom) on Monday started helping Hongkongers open mainland bank accounts remotely, the latest move in a broader effort to make it easier for city residents to cross the border to travel, live, work and retire. After opening a so-c...

HSBC, Standard Chartered may post bumper 2024 profits this week, helped by wealth demand — Feb 17th, 2025

HSBC and Standard Chartered Bank are expected to post bumper profits this week when they kick off the reporting season among Hong Kong's banks, as demand for wealth management buttressed their income against thinning interest-rate margins. HSBC may report a 7 per cent increase in its 2024...

HSBC books 10% profit rise for third quarter, launches $3 bln buyback — Oct 29th, 2024

HSBC Holdings posted a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as its wealth and wholesale banking benefited from slower-than-expected rate cuts while it embarks on one of the largest overhauls in its history....

Is HSBC Holdings plc (HSBC) the Best European Bank Stock to Buy According to Analysts? — Jan 27th, 2025

We recently compiled a list of the 10 Best European Bank Stocks to Buy According to Analysts.In this article, we are going to take a look at where HSBC Holdings plc (NYSE:HSBC) stands against the other European bank stocks. Strong earnings, record shareholder returns and resilience amid f...

LVMH says 2025 off to good start after quarterly sales beat — Jan 28th, 2025

LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury bellwether reported better than expected fourth-quarter sales that will add to hopes the sector has turned a corner....

HSBC mulls outsourcing some fixed income trading, Bloomberg News reports — Mar 24th, 2025

LONDON (Reuters) - HSBC (HSBA.L) is considering outsourcing some of its fixed income trading order flow to a third-party firm, Bloomberg News reported on Monday, citing sources familiar with the matter. The bank would continue to deal with its customers but would outsource some of the bac...

Dubai outperforms other Gulf markets as Fed rate decision eyed — Dec 16th, 2024

Dubai's benchmark share index jumped on Monday to its highest level in more than a decade, lifted by real estate and finance, while most other markets in the Gulf also gained ahead of the U.S. Federal Reserve interest rate decision due later this week....

HSBC to wind down parts of investment banking units in UK, Europe and US — Jan 28th, 2025

HSBC is to shut down parts of its investment banking operations in the UK, Europe and the Americas as bosses continue their overhaul of the banking giant. Georges Elhedery has overseen a significant shake-up of the London-based firm since taking over as chief executive last September. Th...

Banks, defence shares pull UK's FTSE 100 higher — Jan 8th, 2025

The UK's FTSE 100 advanced on Wednesday, boosted by rebounding bank stocks, with aerospace and defence also aiding gains, after U.S. President-elect Donald Trump called for higher spending from NATO allies....

European shares start off data-heavy week on solid footing — Jan 6th, 2025

European shares opened higher on Monday, boosted by advancing technology and bank stocks in a week packed with economic data around the world including inflation readings in Europe and jobs data in the United States....

HSBC Holdings Full Year 2024 Earnings: Misses Expectations — Feb 23rd, 2025

HSBC Holdings (LON:HSBA) Full Year 2024 Results Key Financial Results Revenue: US$61.3b (up 8.7% from FY 2023). Net income: US$22.9b (up 2.2% from FY 2023). Profit margin: 37% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$1.25 (up from US$1.15 ...

Analysis-HSBC's global brand in the balance as it doubles down on Asia bet — Jan 29th, 2025

By Sinead Cruise and Lawrence White LONDON (Reuters) - HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders and senior Chinese officials that he spoke for all UK businesses present in hoping for stronger economic ties...

HSBC Posts Higher Quarterly Net Profit, Plans $3 Billion Buyback — Oct 29th, 2024

The London-based bank said net profit rose 9.2% from a year earlier and announced a new share buyback of up to $3 billion. Continue reading View comments...

HSBC app was missing targets before bank ditched it — Feb 2nd, 2025

HSBC’s failed mobile app Zing had fewer than 9,000 active customers in the month before its closure was announced, falling short of the PREMIUM Upgrade to read this Financial Times article and get so much more. A Silver or Gold subscription plan is required to access premium news arti...

Take Five: Ready for an action-packed week? — Oct 25th, 2024

Traders will have their work cut out keeping up with Japan's snap election, U.S. jobs data, a UK budget, euro zone growth numbers and a slew of third-quarter earnings....

HSBC Holdings plc (HSBC): Why This Mega-cap Stock Could Continue Surging Post 52-week Highs — Jan 20th, 2025

We recently compiled a list of the 10 Mega-Cap Stocks That Could Continue Surging Post 52-Week Highs.In this article, we are going to take a look at where HSBC Holdings plc (NYSE:HSBC) stands against the other mega-cap stocks. The US stock markets have gone up leading up to the day of Pre...

India's Vishal Mega Mart jumps 33% in pre-open trading debut — Dec 18th, 2024

Shares of Indian budget retailer Vishal Mega Mart surged 33.3% in pre-open debut trade on Wednesday, as investors bet on the company's growth avenues and resilience to challenges faced by larger rivals....

HSBC Holdings (LON:HSBA) Could Be A Buy For Its Upcoming Dividend — Mar 1st, 2025

It looks like HSBC Holdings plc (LON:HSBA) is about to go ex-dividend in the next four days. The ex-dividend date is commonly two business days before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The...

HSBC UK rolling out free ‘financial health checks’ across branch network — Mar 3rd, 2025

A major bank is extending a “financial health check” service across its branch network. HSBC UK said the move builds on the success of its telephone-based Financial HealthCheck, which has seen more than 11,000 customers and non-customers receive personalised guidance on their finances...

Singapore Hin Leong founder O.K. Lim sentenced to 17-1/2 years in jail, media reports — Nov 18th, 2024

The founder of collapsed Singaporean oil trading firm Hin Leong Trading Pte Ltd was sentenced to 17-1/2 years in prison on Monday for cheating global bank HSBC and abetting forgery, local media reported....

China's central bank head pledges to support economic recovery — Nov 7th, 2024

China will continue to implement a supportive monetary policy to help promote sustained economic recovery, Pan Gongsheng, governor of the People's Bank of China, said in remarks published on Thursday....

Ample supply, slow demand to temper oil price gains in 2025: Reuters poll — Dec 31st, 2024

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market, a Reuters monthly poll showed on Tuesday....

Dubai shares hit near-decade high, Emaar Properties shines — Dec 16th, 2024

Dubai stocks jumped on Monday to their highest level in nearly a decade, helped by gains in real estate and finance stocks, while most other markets in the Gulf inched higher ahead of the U.S. Federal Reserve interest rate decision due later this week....

India's business activity grows at faster clip in Oct, PMI shows — Oct 24th, 2024

Growth in India's business activity picked up slightly in October after softening last month, led by stronger demand in the manufacturing sector, according to a survey that also showed job creation rose at the fastest pace since February 2006....

New HSBC CEO Shakes Up Structure of Europe's Biggest Bank — Oct 22nd, 2024

HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income at Europe's biggest bank by assets. Under the plan laid out Tuesday, HSBC will merge its commercial- and investment-banking units. The U.K. and Hong Kong, HSBC's bi...

European shares edge up on energy boost; set for weekly losses — Nov 1st, 2024

European shares opened higher on Friday, helped by gains in energy stocks, but were set for their worst week in nearly two months....

Ex-HSBC Trader Loses €1.4 Million Lawsuit Over Broker Fee Alert — Jan 20th, 2025

(Bloomberg) -- A former HSBC Holdings Plc trader who alleged the bank turned against him after he blew the whistle about potentially exorbitant fees paid to brokerages lost his claim for €1.4 million ($1.4 million) at a Paris employment tribunal. Most Read from Bloomberg How Sanctuary ...

Singapore empowers police to freeze bank accounts in scam crackdown — Jan 7th, 2025

Singapore passed a new law on Tuesday allowing police to freeze bank accounts of scam victims as a "last resort" measure to prevent further losses....

HSBC forecasts Vietnam 2025 GDP growth at 6.5%, inflation at 3.0% — Jan 13th, 2025

Vietnam's gross domestic product is forecast to grow 6.5% this year, compared with 7.09% last year, with inflation expected to ease to 3.0% in 2025 from 3.6% in 2024, HSBC said on Monday....

Asia ex-China equities have biggest monthly foreign outflow in nearly 2-1/2 years — Nov 7th, 2024

Asian equities, excluding China, witnessed sharp foreign outflows in October, as investors wary of the U.S. presidential election outcome reacted to concerns over weaker-than-expected corporate earnings, overvalued stocks and rising bond yields....

UK stocks drop as US-Russia tensions rise over Ukraine — Nov 19th, 2024

London's main stock indexes gave up early gains and turned lower on Tuesday, with the midcap index hitting a more than three-month low, as geopolitical tensions between Russia and the United States over Ukraine flared up....

HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says — Feb 18th, 2025

By Selena Li and Scott Murdoch HONG KONG/SYDNEY (Reuters) -HSBC has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut costs. The job cuts in its regio...

India's Ventive Hospitality sets price band of 610-643 rupees per share in IPO — Dec 17th, 2024

Indian hotel operator Ventive Hospitality has set a price band of 610 rupees to 643 rupees per share ($7.19-$7.57) for its initial public offering, a newspaper advertisement showed on Tuesday....

UK names Michael Ellam to lead EU relationship reset — Jan 13th, 2025

Britain named Michael Ellam to lead official-level discussions with the European Union and in international forums on Monday, as the country aims to reset relationships with the bloc and secure closer links in trade and security....

UK names Michael Ellam to lead EU relationship reset — Jan 13th, 2025

Britain named Michael Ellam to lead official-level discussions with the European Union and in international forums on Monday, as the country aims to reset relationships with the bloc and secure closer links in trade and security....

HSBC books 10% profit rise for third quarter, launches $3 bln buyback — Oct 29th, 2024

HSBC Holdings posted a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as its wealth and wholesale banking benefited from slower-than-expected rate cuts while it embarks on one of the largest overhauls in its history....

China central bank governor Pan meets BOE's Bailey in Beijing — Jan 12th, 2025

People's Bank of China Governor Pan Gongsheng met his Bank of England counterpart, Andrew Bailey, on Saturday in Beijing and discussed topics including financial stability and cooperation, China's central bank said on Sunday....

RBC lays off some employees related to HSBC deal, Reuters reports — Mar 8th, 2025

Royal Bank of Canada (RY) has laid off some employees as a result of changes at its business segments following the acquisition of HSBC‘s (HSBC) domestic business last year for C$13.5B, Reuters’ Nivedita Balu reports. Some of the layoffs were at the technology and operations teams and ...

HSBC plans biggest investment banking retrenchment in decades — Jan 28th, 2025

By Sinead Cruise LONDON (Reuters) -HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday, accelerating a shift to Asia in its biggest retrenchment from investment banking in decades. "Our intention is to move to a more competiti...

HSBC to Reportedly Scale Back Investment Banking in Europe, UK, and Americas — Jan 28th, 2025

HSBC (HSBC) plans to wind down its mergers and acquisitions and equity underwriting operations in th PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscript...

European shares inch higher as healthcare, financials rise — Jan 8th, 2025

European shares advanced slightly on Wednesday, led by heavyweight healthcare and financial stocks, while focus remained on the global monetary policy trend in the New Year....

Best credit card deals of the week, 15 January — Jan 15th, 2025

Credit cards aren't just about spending. They are also powerful tools that, when used wisely, can help you save money, manage debt and even earn rewards. Whether you're looking to cut down on interest payments, earn cashback on everyday purchases, rack up air miles for your next holiday, o...

HSBC forecasts Vietnam 2025 GDP growth at 6.5%, inflation at 3.0% — Jan 13th, 2025

Vietnam's gross domestic product is forecast to grow 6.5% this year, compared with 7.09% last year, with inflation expected to ease to 3.0% in 2025 from 3.6% in 2024, HSBC said on Monday....

HSBC appoints insider John Shipman as interim CEO of Swiss Private Bank — Dec 17th, 2024

HSBC on Tuesday appointed insider John Shipman as interim CEO of its Swiss Private Bank and country head of HSBC Switzerland, effective Jan. 1, 2025....

DBS Bank nominates Rajat Verma to be next India CEO, sources say — Nov 12th, 2024

DBS's India unit has nominated its head of institutional banking, Rajat Verma, to be the bank's new chief executive officer, two people familiar with the matter said....

India's business activity grows at faster clip in Oct, PMI shows — Oct 24th, 2024

Growth in India's business activity picked up slightly in October after softening last month, led by stronger demand in the manufacturing sector, according to a survey that also showed job creation rose at the fastest pace since February 2006....

HSBC slashes investment bank to focus on China — Jan 28th, 2025

London-based HSBC generates most of its revenues in Asia - Bertha Wang/Bloomberg HSBC has unveiled plans to slash chunks of its investment bank across Europe and America, as bosses seek to focus increasingly on China. Europe’s biggest bank has told staff it plans to axe certain divisio...