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.

Britain has created 176 $1 billion-plus startups or unicorns, with five new ones added in 2024 to date, new research from HSBC and Dealroom has found. “Notably, 69 of these unicorns are still unrealised, setting the stage for further lucrative exits and listings over the coming years,” said the report.

UK seeing surge of AI start up investment says HSBC

Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters.

HSBC launches new climate-focused infrastructure finance unit

Frontline

The Fed's anticipated rate cut could make high-yield stocks more attractive compared to bonds. When interest rates fall, existing bonds become less appealing, potentially leading investors towards higher-yielding equities.

Buy alert: 2 high-yield dividend stocks with ‘Strong Buy' rating for July 2024

HSBC Holdings plc is expected to report weak Q2 2024 earnings, with potential rate cuts ahead impacting revenue and earnings growth. Despite underperforming the market, HSBC Holdings' dividend yield remains high and sustainable for long-term investors. As interest rates peak, HSBC's profitability may decline, but its capital position and attractive dividend yield offer value for income-focused investors.

HSBC: Q2 2024 Earnings Preview, Investment Case Remains Geared To Income

Barclays

Deutsche Bank

Despite concerns related to high restructuring costs, Zacks Foreign Bank industry stocks like HSBC, BCS and DB will benefit from higher rates.

3 Stocks Worth a Look From the Prospering Foreign Banks Industry

First Citizens BancShares

SVB Financial Group

A federal judge in California has dismissed most of First Citizens BancShares' $1 billion lawsuit accusing HSBC of poaching more than 40 employees of Silicon Valley Bank after its high-profile collapse.

Judge trims First Citizens claims that HSBC poached Silicon Valley Bank workers

NEW YORK--(BUSINESS WIRE)--HSBC U.S. Wealth and Personal Banking Head Racquel Oden today announced that Carly Doshi has returned to HSBC as the new Head of Wealth Planning and International Connectivity. In this role, Carly will lead a team of wealth professionals who provide specialist advice for clients on income and estate guidance, wealth transfer, pre-immigration, philanthropy, family governance, family office advisory, and comprehensive financial planning matters. “We are thrilled to have.

HSBC U.S. Head of Wealth and Personal Banking Racquel Oden Expands Team with New Head of Wealth Planning and International Connectivity

Visa

Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing launched in the United Kingdom in January.

HSBC's Zing Leverages Visa Solutions for Cross-Border Payments

LONDON--(BUSINESS WIRE)--Customers are able to hold funds in up to 10 different currencies, send 30+ currencies & transact in 200+ countries and territories worldwide.

HSBC Partnered with Visa to Develop Zing International Money App

As HSBC prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people with knowledge of the discussions told Reuters.

Focus: HSBC eyes payouts, new roles for execs pipped to CEO job, sources say

HSBC has been fined HK$24 million ($3.07 million) for offering incentives to "unregistered intermediaries" to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong Kong's pension regulator said.

HSBC fined $3 mln over incentive offers to agents around MPF scheme

BNP Paribas SA

UBS Group AG

HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG , for the sale of its German wealth-management unit, Bloomberg News reported on Thursday citing people familiar with the matter.

BNP, UBS said to show Interest in HSBC's German Wealth Unit, Bloomberg News reports

Some of the UK's largest high-street banks have begun cutting mortgage rates as they look to take advantage of the pent-up demand after the election and when base rates are cut.  Both HSBC Holdings PLC (LSE:HSBA) and Barclays PLC (LSE:BARC) reduced their rates for the second time in as many weeks, with the latest changes set to come into effect tomorrow.

Barclays, HSBC and other lenders cut mortgage rates again

HSBC Holdings PLC (LSE:HSBA) is reducing the number of new hirings and asking investment bankers to cut down on travel and entertainment expenses as it looks to cut costs.  Departing boss Noel Quinn has launched a range of cost-saving measures including not replacing staff who have left or resigned in recent months.

HSBC limits new hirings and cuts staff spending in cost-cutting drive

HSBC Holdings PLC (LSE:HSBA) users were left unable to access their bank accounts on payday this morning after the lender suffered an outage on its mobile banking app.  Some 7,000 reports of outages were made on Downdetector, leading to HSBC issuing a statement, apologising for the issue, promising to have it back up and running soon.

HSBC users locked out of online banking on payday

Thousands of HSBC customers in Britain were unable to access online banking services on Friday, as the bank acknowledged an outage affecting some users of its website and banking app.

Thousands of HSBC customers suffer online banking outage in Britain

NatWest Group plc 

HSBC Holdings PLC (LSE:HSBA) has followed rivals Barclays and NatWest and started to cut its mortgage rates ahead of what is expected a run of base rate reductions to the end of the year and into 2025. NatWest announced reductions to its rates on Friday with Barclays cutting some rates today and now HSBC has said it will lower its rates from tomorrow, though there are no details yet.

HSBC, Barclays and NatWest all cut mortgage rates

NEW YORK--(BUSINESS WIRE)--HSBC U.S. Wealth and Personal Banking Head Racquel Oden today announced that Clark Pingree and Dufresne “Didi” Nicolas have joined the bank as Regional Market Heads for the West Coast and North regions, respectively. The hires are part of Oden's new growth strategy focused on supporting international and high net-worth clients. She joined the bank in December as the new U.S. Head of Wealth and Personal Banking. “The addition of Clark and Didi to our team will only fur.

HSBC U.S. Head of Wealth and Personal Banking Racquel Oden Expands Team with New Regional Market Heads

HSBC is considering restructuring its Germany-based business through the sale of fund administration unit INKA and custody business as well as wealth management operations.

HSBC to Streamline Operations in Germany Amid Asia Expansion

ABN AMRO Bank NV

Dutch bank ABN Amro is seeking to further expand in Germany as it is nearing a deal to acquire HSBC's wealth management unit in the country, newspaper Boersenzeitung reported on Friday, without specifying its sources.

ABN Amro nears deal to buy HSBC's German private bank, Boersenzeitung says

State Street , BNP Paribas and Caceis are lining up as potential bidders for the sale of HSBC Germany's fund administration unit INKA and custody business, three sources familiar with the matter told Reuters.

Bidders line up for HSBC's German fund administration and custody units, sources say

HSBC remains well-poised for growth on strategic business restructuring efforts, high rates, and an integrated global network. However, a rising expense base and a tough operating backdrop are concerns.

HSBC's Restructuring Efforts & High Rates Aid Amid Cost Woes

HSBC said on Thursday it had appointed Goldman Sachs veteran Danielle Johnson as the global head of its institutional client group within the global banking and markets business, effective June 3.

HSBC names Goldman Sachs veteran as global head of institutional client group

NEW YORK--(BUSINESS WIRE)--HSBC today announced that Danielle Johnson has been appointed Global Head of Institutional Client Group (ICG) within the Global Banking and Markets business. In this role, she will be responsible for strengthening the coverage of institutional clients, particularly Western headquartered clients, who conduct business globally. Johnson's appointment is effective as of June 3. Based in New York City, Johnson will report to Lisa McGeough and Gerry Keefe, Co-Heads of Globa.

HSBC Appoints Danielle Johnson as Global Head of Institutional Client Group

FINMA rules that HSBC Private Bank (Suisse) violated money laundering regulations in connection with two unnamed politically exposed people.

News for HSBC Holdings Stock (HSBC)