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.

HSBC is halving the size of its global headquarters and moving out of Canary Wharf, a business district built in the abandoned docklands of east London in the 1980s.

HSBC is downsizing its headquarters and leaving London's Canary Wharf

HSBC is expected to tell staff today that it will downsize and quit its Canary Wharf headquarters where it has held its main UK presence for more than two decades.

HSBC moving out of Canary Wharf into Central London

HSBC Holdings PLC (LSE:HSBA) is set to move its global HQ from Canary Wharf to a smaller office in central London after its lease expires, according to reports. The lender told staff the news in a memo, seen by various media outlets.

HSBC to ditch Canary Wharf in plans to cut office space

HSBC has decided to leave its long-standing headquarters in Canary Wharf in east London in favour of a move to a much smaller office in the centre of the city, according to a memo seen by Reuters.

HSBC to ditch Canary Wharf tower in favour of central London - memo

NEW YORK--(BUSINESS WIRE)--HSBC Group has announced that it led a $125 million refinancing deal for IG Design Group plc (Design Group), one of the world's leading designers, innovators and manufacturers of gift packaging, celebrations, craft and creative play, stationery, gifting, and related product categories. The deal was spearheaded by HSBC USA, structured by HSBC USA's Asset Based Lending team, and supported by HSBC UK, with the bank providing a total of $75 million in funding. The remaini.

HSBC Leads $125 Million Refinancing Deal for Design Group

Barclays

Lloyds Banking Group

UK bank stocks continued their sell-off after the Bank of England (BoE) delivered a bigger rate hike than expected. The bank hiked by 50 basis points and pushed the official lending rate to 5%, the highest level in more than a decade.

Sea of red as Lloyds, Barclays, HSBC, share prices dip after BoE

HSBC Holdings PLC (LSE:HSBA) began offering new mortgages again on Thursday, after uncharacteristically pulling deals from the market twice in one week. A standard three-year fixed-rate 75% loan-to-value mortgage from the FTSE 100 lender now comes with a 5.09% interest rate, according to HSBC's website.

HSBC hikes mortgage rates as weeks' second set of new deals lands

HSBC agrees upon revised terms for the sale of its unprofitable French retail unit to Cerberus-backed My Money Group, which was first announced in June 2021.

HSBC Agrees on Revised Terms to Sell French Unit to Cerberus

HSBC and Standard Chartered are among lenders facing pressure from Hong Kong's banking regulator to take on crypto exchanges as clients, Financial Times reported on Thursday, citing three people with knowledge of the matter.

HSBC, Standard Chartered face pressure from Hong Kong to take on crypto clients - FT

HSBC on Wednesday announced new potential terms for the sale of its French retail banking business, which it said might allow the transaction to proceed after it stalled earlier this year on regulatory capital concerns.

HSBC announces new potential terms for France sale

PARIS--(BUSINESS WIRE)--Regulatory News: NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION HSBC Continental Europe (‘HBCE') has today signed a further Memorandum of Understanding regarding certain potential changes to the terms of the sale of its French retail banking business.   The following potential changes are desi.

HSBC Continental Europe: Update on Sale of Retail Banking Business in France

PARIS--(BUSINESS WIRE)--Regulatory News: HSBC SFH (France) (Paris:HSBAK): NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION HSBC SFH (France) (‘HSFH') notes that HSBC Continental Europe (‘HBCE') has today signed a further Memorandum of Understanding regarding certain potential changes to the terms of the sale of its Fre.

HSBC SFH (France): Update on the Sale of HSBC Continental Europe's Retail Banking Business in France

HSBC has repriced its mortgages for the second time in a week, underlining the chaos currently facing people trying to buy a house. Asia-focused HSBC pulled its entire range of mortgage products on Friday and issued them again with higher prices on Monday.

HSBC pulls mortgages for second time in a week

HSBC Holding plc is seeking to become a leading bank for venture capital firms and startups globally after building a large team of technology and healthcare bankers in the United States, Hong Kong and Israel, a senior executive said.

HSBC eyes leading role in banking for VCs, startups after hiring wave

As part of its strategy to focus on the Asia region, HSBC announces its exit from the retail banking business in New Zealand.

HSBC to Wind Down Retail Banking Business in New Zealand

HSBC has decided to wind-down its wealth and personal banking business in New Zealand, the bank website showed on Tuesday.

HSBC to close New Zealand wealth and personal banking business

British banking giant HSBC has officially launched a revamped version of Silicon Valley Bank UK.

HSBC Innovation Emerges From Ashes of SVB UK

HSBC unveiled its new HSBC Innovation Banking unit Monday, following its eleventh-hour rescue of the U.K. subsidiary of SVB in March.

HSBC builds innovation division from the bones of collapsed SVB UK

Analysts expect mortgage rates to soar and housing prices to plummet in the U.K., as the effect of higher interest rates ripples through the British housing market.

HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more

HSBC Holdings PLC (LSE:HSBA) temporarily withdrew all its loans with only hours' notice, last night, after strong demand, as homeowners scrambled to remortgage ahead of expected interest rate increases. The lender said it would remove all its “new business” residential and buy-to-let products, with deals becoming available again on Monday.

HSBC pulls mortgage deals as homeowners scramble to beat rising rates

SVB Financial Group

Silicon Valley Bank UK will continue to serve startup businesses from "seed funding to IPO" after its takeover, the CEO of HSBC UK told CNBC.

HSBC says rebranded Silicon Valley Bank UK will maintain startup focus while targeting global growth

Are things looking up for savers? HSBC Holdings PLC (LSE:HSBA) is boosting rates on a number of its savings accounts just as two smaller players make their plays for customer's hard-earned cash.

HSBC set to give savers a boost with rate increases

The HSBC (LON: HSBA) share price has done well in 2023 as investors focus on the company's turnaround strategy. The stock has risen by 20% in 2023, outperforming other bank shares considering that the KBE ETF has dropped by more than 20% this year.

As the HSBC share price outperforms, is it still a good buy?

accesso Technology Group plc (AIM: ACSO), which has developed technology used by theme operators and in the entertainment and cultural markets, has announced the successful agreement of a new banking relationship and facility with HSBC. This US$40 million revolving credit facility has a four-year term, to May 2027, and is accompanied by a $20 million accordion option which the group says it may utilise as it pursues its strategic plan into the mid-term.

accesso Technology agrees new banking facility with HSBC

Having built up its global scale in previous decades, HSBC is now unlocking value by streamlining its non-core operations. As Q1 showed, the core business continues to be resilient as well, defying the deteriorating investor sentiment on banks this year. Given its wide discount to book and elevated shareholder returns, HSBC equity offers investors compelling value at these levels.

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