HSBC Holdings

HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banking, and Corporate Centre. The Retail Banking and Wealth Management segment consists of retail banking, wealth management, asset management, and insurance. The Commercial Banking segment offers banking products and services. The Global Banking and Markets segment includes transaction banking, financing, advisory, capital markets, and risk management services. The Global Private Banking offers transaction banking, financing, advisory, capital markets and risk management services to high net worth individuals and families. The Corporate Centre segment is comprises of central treasury, including balance sheet management, other legacy businesses, interests in associates and joint ventures, central stewardship costs and the UK bank levy. The company was founded on January 1, 1959 and is headquartered in London, the United Kingdom.

Earnings data Q1 2021

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Founded in 1865 to finance trade between Asia and the West, today HSBC is one of the world’s largest banking and financial services organisations serving around 46 million customers. Their aim is to be acknowledged as the world’s leading and most respected international bank.

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Shares in several of the UK's major banks moved higher on Tuesday after the Bank of England scrapped a ban on dividend payments introduced during the coronavirus pandemic. In a statement on Tuesday morning, the BoE's Prudential Regulation Authority (PRA) said that the UK's banks “remain well capitalised and resilient” and that uncertainty around the economy and the pandemic had “decreased significantly” since December last year.

Lloyds, Barclays, HSBC and other UK banks move higher as dividend ban lifted

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Bank mergers and acquisitions rebounded in the first half of 2021 after slowing down last year due to the pandemic.

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The results, which saw all 23 banks pass, ultimately mean large banks can repurchase stock and pay out dividends with much wider discretion.

Here Is What Recent Federal Reserve Stress Testing Results Mean for Large Bank Stocks

Oil major BP was downgraded to hold from buy at HSBC, and its target price lowered to 360 pence from 365 pence, which said it will take years to change market perceptions about its ability to fund the transition to a lower-emissions world. "The key issue for BP is how to sustain group free cash flow when upstream volumes are set to fall by 40% through 2030," said analysts led by Gordon Gray, who nonetheless expressed optimism BP could do so.

BP downgraded by HSBC as investors have yet to embrace climate shift

IMI PLC's (LON:IMI) shares recently hit an all-time high but there is still more to come, reckons HSBC, upgrading its rating to ‘buy' from ‘hold'. Given the 40%-plus rally in the stock so far this year, “we might be a little late to the party, but we still see significant upside”, the bank's analysts told clients.

IMI shares at all-time highs but HSBC sees 20% more upside as growth improves

HSBC Holdings' (HSBC) proposed sale of French retail banking business is a step in the right direction as it aims to focus on Asian markets and simply operations.

HSBC to Sell France-Based Retail Banking Unit, Take $2.3B Hit

The British bank HSBC said Friday it has agreed to sell its French retail bank to the Cerebus-backed My Money Group at a loss of $2.3 billion. According to Reuters, the sale has a silver lining for HSBC, allowing it to “end its long struggle to dispose of the business as it focuses on Asia.

HSBC Loses $2.3 Billion On French Bank Sale

HSBC PLC (LON:HSBA) said it would book a US$3bn loss after it agreed on the sale of its French retail bank business to My Money, a group owned by private equity group Cerberus. The UK bank said the businesses being sold comprise a network of 244 retail branches, which serve 800,000 customers, and had assets of €7.1bn.

HSBC unloads French retail arm for US$3bn loss

HSBC has agreed to sell its French retail banking operations to the My Money Group firm backed by private equity group Cerberus, ending HSBC's years-long endeavour to dispose of the struggling business as it pivots towards Asia.

Cerberus-backed firm My Money Group agrees to buy HSBC's French retail banking arm

HSBC PLC (LON:HSBA) has been upgraded by analysts at US bank JP Morgan, who see the interest rate environment swinging in its favour. The US bank says HSBC and also Asia-focused rival Standard Chartered PLC (LON:STAN) as both sensitive to short-term rates in the US and Hong Kong and would benefit from an upward move.

HSBC upgraded as JP Morgan sees interest rate tide turning

HSBC is finally set to announce the sale of its French retail unit to private equity firm Cerberus.

HSBC to Soon Announce Divestiture of French Unit to Cerberus

HSBC is set to announce the sale of its retail banking operations in France to private equity group Cerberus on Friday, three sources familiar with the matter said, after struggling to offload a business that will need restructuring.

HSBC to announce sale of French retail banking operations on Friday - sources

NEW YORK--(BUSINESS WIRE)--HSBC USA expands sustainable finance offering with Sustainability-Linked Loans for Commercial Banking clients

HSBC USA Expands Sustainable Finance Offering with Sustainability-Linked Loans for Commercial Banking Clients

Forbes placed HSBC as a top 50 global brand last year.

HSBC May Just Turn Out To Be An Income Investor's Dream

Standard Chartered will launch a digital asset exchange and brokerage service, with its announcement Wednesday coming shortly after the head of rival lender HSBC saying it would not expand into cryptocurrencies. SC Ventures, a unit of StanChart, will establish the services for institutional investors and corporate clients in the UK and Europe along with BC Technology Group, which runs the cryptocurrency exchange OSL that's licensed in Hong Kong.

UK bank Standard Chartered is setting up a cryptocurrency exchange as rival HSBC decides not to offer digital currencies to clients

HSBC planning divestiture of 90 branches in order to exit the U.S. retail banking business.

HSBC to Exit U.S. Retail Banking Business, Sell 90 Branches

HSBC on Wednesday announced it would exit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.

‘A small step': Wall Street lukewarm on HSBC's U.S. retail exit

A strong capital base, business transformation and expansion plans will keep supporting HSBC Holdings' (HSBC) financials in the quarters ahead, while mounting expenses and pressure on revenues will play spoilsport.

Here's Why You Should Hold HSBC Holdings (HSBC) Stock for Now

Europe's second-largest bank by assets said on Wednesday it would sell most of its branches on the U.S. east and west coast to Citizens Bank and Cathay Bank, respectively.

HSBC pulls out of U.S. retail banking, as it continues to pivot to Asia

Banking giant HSBC Holdings PLC (LON:HSBA) is holding its (virtual) annual conflab on Friday. The HSBC annual general meeting comes after the bank revealed on Thursday it would exit the US retail banking market.

HSBC to field questions on US retail banking exit at Friday's AGM

News that banking giant HSBC Holdings PLC (LON:HSBA) is finally throwing in the towel and exiting the US retail banking market after 40 years of struggle has been welcomed by City analysts, many of whom have the view that the shift could help push some of the bank's business into profitability. In a note on Thursday, analysts at Citi said they believed the exit from retail could help turn HSBC's US wealth and personal banking (WPB) business “from loss making to being profitable”, mostly by getting rid of the costs associated with its current network of 148 US bank branches.

HSBC's US exit welcomed by analysts

HSBC is winding down much of its US business to turn its attention to richer clients.

HSBC is selling most of its US retail banking business

HSBC Holdings PLC (LON:HSBA) has said it will exit the US retail banking market as part of a strategy pivot towards international banking and wealth management. In a press release late on Wednesday, the FTSE 100 banking giant said it will exit 90 of its 148 current US bank branches, with 35 to 40 of the remaining branches to be wound down while the other 20 to 25 will be repurposed into international wealth centres.

HSBC to exit US retail banking market amid strategy pivot

HSBC Holdings PLC will exit from its U.S. retail and small-business banking operations as the bank shifts its focus to wealth management and international banking, especially in Asia.

The Wall Street Journal: HSBC to end its U.S. retail operations

HSBC said it would withdraw from U.S. mass market retail banking by selling some parts of its business and winding down others.

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