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.

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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.

LONDON & NEW YORK--(BUSINESS WIRE)--HSBC announces exit of US mass market retail banking; reaches agreements with Cathay Bank and Citizens

HSBC Exits US Mass Market Retail Banking; Strategically Repositions US Retail Business Towards International Banking and Wealth Management

Major Wall Street banks, including Citi and Goldman Sachs, are taking steps to offer cryptocurrency services to their clients.

Banks Are Rushing to Offer Crypto Services. HSBC CEO Says Europe's Largest Bank Will Pass.

HSBC chief Noel Quinn on Monday said that his bank has no plans of initiating a cryptocurrency desk nor offering these to clients, Reuters first reported.  The CEO of Europe's largest bank cited the volatility of cryptocurrencies as the reason, as well as a lack of transparency in the digital assets.

HSBC CEO reportedly says the bank will not expand its businesses into bitcoin, citing volatility in the cryptocurrency

NEW YORK & MINNEAPOLIS--(BUSINESS WIRE)--HSBC announces a $1.6 million grant to Midwest Row Crop Collaborative to support the adoption of regenerative agriculture practices by U.S. farmers

Midwest Row Crop Collaborative Receives $1.6 Million HSBC Bank USA Grant to Help Build a More Resilient U.S. Food System

HSBC Holdings' (HSBC) U.S. division's latest launch of its multi-currency digital wallet, HSBC Global Wallet, will aid the company's initiatives to fortify digital offerings.

HSBC Holdings (HSBC) Launches Multi-Currency Digital Wallet

Continuing with its efforts to tap the Asia markets, HSBC is on track to hire more than 1,000 wealth managers in the region.

HSBC to Hire More Wealth Managers, Continues Expansion in Asia

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The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling case numbers in major financial hubs, after sending most employees home early last year to help stem the spread of the virus.

Factbox: Global big banks plot back-to-office plans as vaccines roll out

LONDON, UK / ACCESSWIRE / May 4, 2021 / HSBC (contact: Syndicate desk, telephone: +44 207 992 8066) hereby gives notice that no stabilisation (within the meaning of the rules of the Financial Conduct Authority) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer: HSBC Holdings plc Guarantor (if any): na Aggregate nominal amount: GBP 1,000,000,000 Description: 1.75% due 24th July 2027 NC 26 long Offer price: 99.858 Stabilising Managers: HSBC Bank plc     This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction This information is provided by RNS, the news service of the London Stock Exchange.

HSBC Holdings PLC Announces Post Stabilisation Notice

Barclays Capital has lifted its price target on shares in HSBC PLC (LON:HSBA), but has kept its call at ‘underweight'. It said the stock is worth 480p (up from 470p) but added that at 10.7-time 2022 EPS the current valuation looks “full”.

Have Q1 results changed the outlook for prospective HSBC investors? This leading bank thinks not

Reserve releases, driven by improving economic outlook, support HSBC Holdings' (HSBC) Q1 earnings, while fall in revenues and increase in expenses hurt.

HSBC's Q1 Pre-Tax Earnings Increase Y/Y, Revenues Decline

All regions were profitable in the first quarter including the U.K. division, which had struggled last year.

HSBC Profit Jumps 79% on Better Prospects for Global Recovery

HSBC Holdings PLC's (HSBC) CEO Noel Quinn on Q1 2021 Results - Earnings Call Transcript

Profits before tax at HSBC jumped 79% in the first quarter of 2021, as an improved economic outlook allowed the global banking giant to release $400 million in reserves it had kept aside for expected credit losses.

London Markets: HSBC shares rise as profits jump 79%, adding buoyancy to London stocks

HSBC Holdings plc (LON: HSBA) said on Tuesday that its net profit in the first quarter posted an over 100% growth on a year over year basis. The company attributed the increase to improvement in the economic outlook that enabled it to release allowances it had set aside for expected loan losses.

HSBC says its revenue jumped more than 100% in the first quarter

HSBC, the first of Britain's big banks to announce first-quarter earnings, on Tuesday posted a 79% jump in profit for the quarter ending March 31. Europe's biggest lender said profit before-tax-came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank. It also dramatically cut back the amount it set aside to handle bad debts stemming from the pandemic to $400 million from $3 billion set aside in the first quarter last year.

HSBC beats expectations with 79% jump in Q1 pre-tax profit as cautious outlook prompts credit loss reversal

HSBC PLC (LON:HSBA) said a recovering UK economy helped profits rebound by 79% to US$5.8bn in the first quarter of 2021. All regions improved said the Asia-focused bank, but the UK was the standout it said with profits of more than US$1bn as bad debts were lower than expected.

HSBC profits bounce back as economic outlook improves

VANCOUVER, British Columbia--(BUSINESS WIRE)-- #banking--HSBC BANK CANADA FIRST QUARTER 2021 RESULTS - Strong start to the year, profits up in all three global businesses

HSBC Bank Canada First Quarter 2021 Results

HSBC Holdings PLC on Tuesday reported a much better-than-expected 79% rise in first-quarter profit, as the Asia-focused lender starts to recover from the economic damage caused by the coronavirus pandemic.

HSBC pretax profit rises 79% on recovery from pandemic damage

Two of the FTSE 100's top ten largest companies report on Tuesday, HSBC and BP, as well as Premier Inn owner Whitbread. Transition will likely be a keyword for BP PLC (LON:BP.

BP's transition and HSBC's outlook for China and Hong Kong to set tone on Tuesday

Mastercard

Mastercard is collaborating with HSBC to provide the latter company's business clients in the United Arab Emirates with a bolstered business-to-business (B2B) payment experience through the Mastercard Track business payment service. The link-up between the two firms will bring about the launch of Mastercard Track business payment service in the UAE, according to an announcement […]

Mastercard Rolls Out Track B2B Payments In UAE With HSBC

UK banks Lloyds Banking Group PLC (LON:LLOY), Barclays PLC (LON:BARC), HSBC PLC (LON:HSBA), NatWest Group PLC (LON:NWG) and Santander today launched new mortgages under a government scheme where certain buyers only need a 5% deposit to buy a home. It comes on the same day that UK house prices were calculated to have surged 2.1% this month to a new all-time high of £327,797, according to Rightmove.

Lloyds Banking, Barclays and other banks launch 95% mortgages under new government scheme

UK banks are not as outstandingly cheap as the middle of last year, they still offer decent value say analysts at Shore Capital. Confidence in the outlook is improving given the economic benefits of the successful vaccine rollout (notably in the UK), ongoing government support to customers and steepening yield curves, but share prices are now trading very close to our current fair values.

UK banks have tailwind as economic outlook improves suggest broker

HSBC is scrapping the executive floor at its Canary Wharf headquarters in London, as one of the world's biggest banks slashes office space and moves towards new ways of working following the pandemic.

HSBC's CEO is swapping his office for a hot desk

NEW YORK--(BUSINESS WIRE)--Michael Roberts, CEO of HSBC Americas, will join nearly three dozen other C-suite and executives during the Virtual Enterprises Summit on April 20.

CEOs from HSBC USA, DonorsChoose and Intuit Mentor Student CEOs During Virtual Enterprises' Executive Conference, April 20

HSBC Holdings PLC (LON:HSBA) issues first-quarter results at the end of the month and sector peer Barclays remains lukewarm towards the stock. The broker has raised the price target for HSBC to 470p from 440p but has left its ‘underweight' rating unchanged.

News for HSBC Holdings Stock (HSBC)