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 Holdings PLC (LSE:HSBA) is reportedly looking to save as much as US$3 billion (£2.4 billion) through its overhaul under new chief executive George Elhedery. Bloomberg-cited sources said managers had been informed of the rough target last week and told the major overhaul would take until June next year to complete.

HSBC reportedly seeking out $3bn in savings through overhaul

HSBC Holdings PLC (LSE:HSBA) has been named as one of ten global banks funding the deforestation of an area in Paraguay described by naturalist David Attenborough as one of the world's last wildernesses. Environmental group Global Witness says the banks are funding cattle companies that have chopped down 75,000 hectares of forest in the Gran Chaco region in the past three years alone.

HSBC accused over Paraguay deforestation funding

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HSBC , said on Thursday it has completed a restructuring of its major business units and functions, as Europe's largest bank seeks to streamline its global operations via a sweeping overhaul under new CEO Georges Elhedery.

HSBC announces senior management exits as global reorganisation continues

HSBC promoted Lisa McGeough to become its president and CEO for the United States at the start of next year, the bank said on Thursday in a statement first seen by Reuters.

Exclusive: HSBC appoints Lisa McGeough to lead US as CEO Elhedery shuffles leaders

HSBC plans to move away from its China credit card business as it faces growth and profitability constraints, given high competition and lower consumer spending.

HSBC to Close China Credit Card Business Amid Expansion Struggle

UK-headquartered HSBC Holdings' board has appointed headhunters to start the recruitment of its next chairman to succeed Mark Tucker, Sky News reported on Saturday.

HSBC starts search for next chairman, Sky News reports

HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.

Exclusive: HSBC pulling back from China credit card business after struggling to expand, sources say

Europe's second-top court on Wednesday rejected HSBC's challenge against a 31.7 million euro ($33.4 million) fine imposed by EU antitrust regulators three years ago.

HSBC loses court challenge against $33.4 mln EU cartel fine

The backdrop for stocks is supportive despite the day-to-day Washington machinations

There's more room for risk assets to rally — focus on policy, not politics, HSBC says

SAN FRANCISCO--(BUSINESS WIRE)--HSBC Asset Management (HSBC AM) has appointed Pete Scott as Head of Innovation Credit as the business extends its alternatives credit capabilities through the development of its venture debt strategy. The new capability is being developed in partnership with HSBC Innovation Banking, which has become one of the most active providers of venture debt across the markets it serves. The asset selection will be managed by HSBC AM, working in partnership with HSBC Innova.

HSBC Asset Management Appoints Pete Scott to Lead Venture Debt Offering

HSBC on Monday said Celine Herweijer has taken the decision to step down as group chief sustainability officer, weeks after a management reshuffle which saw her role removed from the bank's executive committee.

HSBC sustainability head leaves the bank

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

HSBC stops processing all Russia payments for retail customers

HSBC has appointed former Citi banker Emily Turner as CEO of its Innovation Banking UK arm, the tech-focused business unit which it created following its acquisition of the British business of failed U.S. lender Silicon Valley Bank.

Emily Turner appointed CEO of HSBC Innovation Banking UK

HSBC Holdings PLC (LSE:HSBA) is reintroducing its Premier wealth banking brand in the UK, focusing on "mass affluent" clients with £100,000 to £2 million available for investment, according to Reuters, citing José Carvalho, head of UK Wealth and Personal Banking. The updated Premier service provides 24/7 customer support, financial planning tools, and lifestyle benefits, including travel perks.

HSBC Holdings eyes mass affluent with new account

NEW YORK--(BUSINESS WIRE)--HSBC and the National Community Reinvestment Coalition (NCRC) announced a four-year, $25 million community growth initiative today, as part of HSBC's broader strategy to drive responsible banking practices and promote financial equity across its U.S. footprint and designed to address concerns raised by NCRC. The partnership, which begins January 2025, aims to expand economic opportunities in low and moderate-income, diverse, and underserved communities through a combi.

HSBC and National Community Reinvestment Coalition (NCRC) Announce $25 Million Partnership to Advance Economic Opportunities in Low- and Moderate-Income

HSBC is relaunching its 'Premier' wealth banking brand in Britain, targeting so-called mass affluent customers who have between 100,000 and 2 million pounds ($2.5 million) to invest.

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients

HSBC intends to reduce its workforce by removing top bankers as part of its business streamlining efforts. This aligns with its efforts to achieve cost efficiency.

HSBC to Lay Off Hundreds of Top Bankers to Achieve Cost Efficiency

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JPMorgan Chase is pushing further into the UK retail bank market with the launch of its first credit card some three years after it started taking deposits. The US's largest bank and credit card issuer, JP Morgan is initially offering the card to 25,000 customers following a pilot with its staff.

JP Morgan launches credit card to up pressure on Barclays, Lloyds, HSBC

Several hundred senior staff members at HSBC Holdings PLC (LSE:HSBA) are expected to lose their jobs amid a dramatic reshaping of the global lender's corporate structure. Bloomberg reported that hundreds of senior managers have been instructed to reapply for roles in its newly established corporate and institutional banking (CIB) division as part of a restructuring initiative led by chief executive Georges Elhedery.

HSBC to shed hundreds of senior jobs in major corporate overhaul

HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure. Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.

HSBC reportedly asks middle managers to reapply for jobs as layoffs loom

HSBC reportedly wants hundreds of managers to reapply for jobs at the bank's new division. Interviews for positions at HSBC's corporate and institutional banking (CIB) arm have already begun, Bloomberg News reported Monday (Nov. 18), citing sources familiar with the matter.

HSBC Makes Managers Vie for Jobs Amid CEO Streamlining

PARIS, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Banque Fédérative du Crédit Mutuel  Post Stabilisation Notice HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer: Banque Fédérative du Crédit Mutuel Guarantor (if any): na Aggregate nominal amount: EUR 1,250,000,000                    Description: 3.25% due 17th October 2031 Offer price: 99.864                                 Stabilising Manager: HSBC Continental Europe 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 Continental Europe: Post Stabilisation Notice

NEW YORK--(BUSINESS WIRE)--HSBC's Global Entrepreneurial Wealth Report 2024 reveals that an impressive 94% of U.S. HNW and UHNW entrepreneurs are optimistic about future business prospects, and 88% believe their wealth will grow in the next 12 months, even as markets face uncertainties. The study, conducted by Ipsos UK on behalf of HSBC Global Private Banking across ten markets—including the U.S., UK, Switzerland, China, and UAE—surveyed 1,798 HNW and UHNW business owners who chose to take part.

HSBC Global Entrepreneurial Wealth Report: U.S. Entrepreneurs Optimistic Amid Global Market Uncertainty

LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Aercap Sukuk Limited  Post Stabilisation Notice HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer: Aercap Sukuk Limited Obligor (if any): International Lease Finance Corporation Initial Guarantors (if any): AerCap Holdings N.V.

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