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 will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday, as part of a wider update to its energy policy.

HSBC to stop funding new oil and gas fields

Barclays

Deutsche Bank

UBS Group AG

Despite concerns related to higher restructuring costs and uneven economic growth, Zacks Foreign Bank industry stocks like HSBC, UBS, Barclays (BCS) and Deutsche Bank (DB) should gain from higher rates.

4 Foreign Bank Stocks to Keep an Eye on in a Prospering Industry

BEDFORD, Mass.--( BUSINESS WIRE )--Outseer, a leading provider of payment authentication and account monitoring solutions, announced today the appointment of Yogesh Patel as CTO & Chief Data Scientist. In his new role, Patel will lead the technology and data science teams in pursuit of Outseer's mission to liberate the world from financial fraud.

Outseer Appoints Former Callsign Executive and Senior Technology Leader at HSBC and Lloyds Bank Yogesh Patel as CTO and Chief Data Scientist

HSBC's stock (NYSE: HSBC) has gained 1% YTD as compared to the 14% drop in the S&P500 index over the same period.

Where Is HSBC Stock Headed?

Citigroup

Credit Suisse

Goldman Sachs

Morgan Stanley

Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs.

Factbox: Global banks take axe to jobs as cost pressures mount

HSBC decides to close almost a quarter of its U.K. branches as customers are moving toward online banking.

HSBC Set to Shut a Quarter of Its UK Branches to Cut Costs

HSBC is cutting as many as 15% of its 2,000 senior operations managers worldwide, as it attempts to streamline its management ranks and reduce costs, two sources with knowledge of the matter said.

Exclusive: HSBC cutting 200 senior operations managers in global cost drive -sources

JPMorgan Chase & Co

JPMorgan will join HSBC in storing bullion for the world's biggest gold-backed exchange-traded fund (ETF), the fund's operator said on Thursday, ending its rival's sole guardianship of the $52-billion stash of gold.

HSBC will have to share custody with JPMorgan of $52 bln in gold bars

HSBC's planned sale of its Canada banking business to Royal Bank of Canada (RY) for CA$13.5 billion will enhance the former's CET1 ratio by 130 bps.

HSBC Rises 4.1% on Canada Unit Sale to Royal Bank of Canada

HSBC Holdings PLC (LSE:HSBA)'s sale of its Canadian arm to the Royal Bank of Canada (TSX:RY) went “better than expected” according to equity research director Andrew Coombs at Citigroup. The FTSE 100-listed bank disposed of over 130 branches and 780,000 customers for CA$13.5bn (US$10.1bn, £8.3bn), ahead of market expectations of CA$9bn and “well ahead” of Citi's expected valuation of the business based on peer group multiples.

HSBC a buy following bank's ‘better than expected' Canadian disposal

HSBC Holdings PLC (LSE:HSBA) said it will close 114 of its UK branches from April next year, as fewer customers visit its physical outlets and instead continue to move to digital banking.  The bank said branch use by regulator customers has fallen by 65% in the past five years, with the decline accelerating following the Covid-19 pandemic.

HSBC to close 114 UK branches as more customers move to online banking

HSBC will close 114 branches in Britain from April 2023, the British lender said on Wednesday, the latest in a string of such announcements by retail banks in the country as they slash their networks to try and cut costs.

HSBC to close 114 branches in Britain from April 2023

Boston Scientific

Market performance was mixed as investors prepared for more insight on interest rates.

Investors Liked These 2 Stock Buyouts Tuesday

Royal Bank of Canada

Royal Bank of Canada seeks to shore up its domestic competition and tap into affluent international clientele with financial ties to the country.

RBC Bets on Immigration in $10.1 Billion HSBC Canada Deal

Royal Bank of Canada (TSX:RY) (RBC) announced that it has entered into an agreement to purchase HSBC Bank Canada (HSBC Canada) for an all-cash purchase price of C$13.5 billion. HSBC Canada has C$134 billion in assets as of September 30, 2022, approximately 130 branches and 4,200 full-time equivalent staff.

Royal Bank of Canada to acquire HSBC Bank Canada for C$13.5B

British bank HSBC Holdings plc  (NYSE:HSBC) just inked a deal to sell its Canadian unit to the Royal Bank of Canada (RY) for roughly $10 billion in cash.

HSBC, Royal Bank of Canada Agree to $10 Billion Sale

Royal Bank of Canada unleashed a megadeal on Tuesday to pay C$13.5 billion ($10.1 billion) for the 130-branch Canadian unit of HSBC as it bulks up against its five Canadian rivals.

HSBC sells Canada unit to RBC in megabank deal

HSBC Holdings PLC (LSE:HSBA) suggested shareholders will get some bumper returns after it agreed to sell its Canadian business to Royal Bank of Canada for CA$13.5bn (US$10.1bn, £8.3bn) with the deal expected to complete in 2023. Shares in the FTSE 100-listed bank rose 4.3% as it estimated a pre-tax gain of $5.7bn on the deal.

HSBC sells Canadian arm to RBC, signals bumpers shareholder returns

RBC said deal, expected to close by late 2023, will enhance its competitiveness on global stage

HSBC Set to Sell Canadian Arm to Royal Bank of Canada for $10 Billion

Royal Bank of Canada RY, -2.24% RY, -1.19% said Tuesday it has reached an agreement to acquire HSBC Canada for C$13.5 billion ($10.1 billion) in cash. "This acquisition builds on our core domestic retail business and expands our international product capabilities," said Neil McLaughlin, Group Head, Personal & Commercial Banking, RBC.

Royal Bank of Canada to acquire HSBC Canada for C$13.5 billion in cash

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash, paving the way for a potential bumper payout for shareholders later down the line.

HSBC eyes bumper dividend from $10 bln sale of Canada business to RBC

LONDON--( BUSINESS WIRE )--HSBC Holdings plc (the ‘Company') announces its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has today entered into an agreement to sell its banking business in Canada (‘HSBC Canada') to Royal Bank of Canada (‘RBC'), subject to regulatory and governmental approvals, (the ‘Transaction').

HSBC Agrees to Sell Its Business in Canada to Royal Bank of Canada

HSBC has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

HSBC: Strong Industry, Solid Earnings Estimate Revisions

HSBC Holdings plc will deliver good results for 2022 with big jump in earnings from the higher interest rate margins. The share price is still held back as investors are cautious about investing in Hong Kong and China.

HSBC: Benefits From Higher Interest Rates But The Share Price Stays Put

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. LONDON , Nov. 15, 2022 /PRNewswire/ -- HSBC Bank plc (the "Issuer") announces today the results of its invitation to the holders of: (a) the GBP 300,000,000 6.500 per cent.

News for HSBC Holdings Stock (HSBC)