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.

HSBC  has reported itself to Australia's financial regulator for possible breaches of anti-money laundering rules, the bank disclosed in a regulatory filing by its Australian subsidiary.

HSBC reports potential money laundering breaches in Australia

Strong capital and liquidity profile and earnings-generation capability keep HSBC well-poised to deal with the pandemic-led uncertainties.

HSBC Outlook Downgraded by Fitch on Coronavirus Concerns

HSBC  shareholders in Hong Kong are calling for an extraordinary meeting with the bank's management and considering legal action against its decision to scrap dividend payments.

HSBC Hong Kong shareholders mull legal action over dividend suspension

HSBC  shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank's decision to scrap dividend payments.

HSBC HK shareholders mull legal action over dividend suspension

The banking giant is also halting repurchases of its ordinary shares.

HSBC Cancels Remaining 2020 Dividends

The increasing spread of global lockdowns could impact HSBC Holdings’ (NYSE: HSBC) earnings enough to mean two years of an uncovered dividend, according to BofA Securities.

BofA Downgrades HSBC, But Says There's Support For Shares

Citigroup

Deutsche Bank

Goldman Sachs

Morgan Stanley

Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back.

Big banks reassure staff about potential job cuts

HSBC has said it is delaying the "vast majority" of its planned redundancies to deal with the fallout from the coronavirus pandemic, a memo sent to staff seen by Reuters said.

HSBC delays job cuts in face of coronavirus

Barclays

First Citizens BancShares

Fifth Third Bancorp

Lloyds Banking Group

Northwest Bancshares

Royal Bank of Scotland

United Bankshares

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.

Banks, regulators move to protect customers from wave of coronavirus scams in UK, U.S.

The BoE postpones unimportant supervisory matters and eases operational burdens for banks to better manage coronavirus outbreak-related challenges.

BoE Cancels Stress Test for Major Banks on Coronavirus Woes

One of Noel Quinn's first jobs as chief executive of HSBC  will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said.

Exclusive: HSBC CEO Quinn faces strategy rethink as coronavirus bites - source

HSBC  said on Tuesday it has appointed Noel Quinn as its chief executive officer, effective immediately.

HSBC appoints Noel Quinn as CEO

New Zealand's Commerce Commission said on Wednesday that it has issued a warning to HSBC Holdings Plc  over its failure to comply with the information disclosure requirements.

NZ Commerce Commission issues warning to HSBC over compliance failure

HSBC's U.S. subsidiary plans to shut eight branches in South Florida to meet growing customer demand for digitalization.

HSBC to Shut Branches Amid Growing Need for Digitalization

HSBC Holdings plc (NYSE: HSBC) on Thursday emptied an entire floor in its Canary Wharf office in London after an employee tested positive for the novel coronavirus (COVID-19), the Guardian reported.

HSBC Clears The Entire London Office Floor As Employee Tests Positive For Coronavirus

HSBC Holdings PLC  has sent home more than 100 staff in London after a worker tested positive for the coronavirus, the first known case at a major company in Europe's main financial hub.

HSBC sends home 100 London staff, confirms China coronavirus case

Banking giant HSBC Holdings PLC HSBC, -1.50% HSBA, -1.13% has evacuated part of its Canary Wharf London offices

HSBC clears part of Canary Wharf offices after coronavirus confirmation: Financial News

Unicredit Spa  Chief Executive Officer Jean-Pierre Mustier has emerged as one of the main external candidates for the top job at HSBC Holdings Plc , Bloomberg reported on Thursday, citing sources familiar with the matter.

Unicredit boss Mustier emerges as contender for HSBC CEO role: Bloomberg

HSBC (NYSE: HSBC), Europe's largest bank in terms of assets, revealed a major reorganization decision that would decrease the total number of staff from 235,000 to around 200,000 in the next three years.

HSBC Remains EU's Largest When It Comes to Assets But Will Get Smaller By 35,000 Jobs

HSBC  plans to invest heavily in its newly combined retail and private banking business as it targets internationally minded customers in markets such as China, the United States and Singapore, the unit's Chief Executive Charlie Nunn told Reuters.

HSBC targets the globally mobile with $1.4 trillion wealth business

Noel Quinn, the interim chief executive of HSBC , says this time things are going to be different.

This revamp will be different, says HSBC boss; staff not so sure

U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings  in exchange for the British bank's cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said.

Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

HSBC Holdings plc (HSBC) CEO Noel Quinn on Q4 2019 Results - Earnings Call Transcript

The bank intends to cut back in Europe and North America while investing in Asia and the Middle East.

Europe's Largest Bank Plans Massive Job Cuts, Will Shed $100 Billion in Assets in a Sweeping Overhaul

Plummeting profits, unstable markets, and Brexit are just a few of the factors that have precipitated the downward spiral at HSBC.  
HSBC announced job cuts of 35,000 this morning, out of its 235,000 employees across 50 countries.

News for HSBC Holdings Stock (HSBC)