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 aims to double its private client business in Canada as the Canadian private wealth management market offers an attractive opportunity for the company.

HSBC Plans to Expand Private Wealth Management Business in Canada

Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC's senior banker level as part of a plan to save up to $300 million.

HSBC Cutting Top Managers in $300 Million Savings Plan

HSBC Holdings PLC (LSE:HSBA) is reportedly close to axing some of its most highly paid senior bankers to try and cut up to $300 million of costs. After taking over as chief executive last month, Georges Elhedery is working on a merger of the lender's commercial banking division and its global banking and markets unit, the Financial Times reported today.

HSBC to trim layer of senior management by merger of banking divisions

HSBC , CEO Georges Elhedery is considering cost-cutting initiatives that could save as much as $300 million as the lender embarks on a merger of its commercial and investment banking units, the Financial Times reported on Thursday, citing people familiar with the matter.

HSBC mulls cost-cutting plan to save up to $300 mln, FT reports

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"Candidly, there's a lot of success theater out there" when it comes to applying artificial intelligence in banking, HSBC's head of generative AI said at a tech event in London this week. Achtner's comments come as other figures in the financial services sector — particularly leaders at startup firms — have made bold statements about the level of overall efficiency gains and cost reductions they are seeing as a result of investments in AI.

HSBC exec says there's a lot of AI 'success theater' happening in finance

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Kuala Lumpur, Malaysia--(Newsfile Corp. - October 3, 2024) - The recently concluded HSBC BWF Hong Kong Open 2024 was a resounding success, with BK8, a leading online sports betting and iGaming platform, playing a pivotal role as the official sponsor. BK8 is the official sponsor of the Hong Kong Open 2024.

BK8 Celebrates Successful Sponsorship of HSBC BWF Hong Kong Open 2024

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Companies that pay sustainable dividends not only offer dividend income, but also position your portfolio for capital appreciation. I will introduce you to 10 high dividend yield companies with sustainable dividends and an attractive Valuation that are worth considering investing in during the month of October 2024. Each pick could be a strategic component to raise your portfolio's Weighted Average Dividend Yield while simultaneously contributing to reducing volatility.

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HSBC Holdings is intensifying its cost-control initiatives by canceling some internal events and reducing company travel. These steps come as the new CEO, Georges Elhedery, aims to manage expenses closely ahead of the third-quarter earnings report.

HSBC (HSBC) Implements Cost-Cutting Measures Amidst Global Challenges

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OpenAI said on Thursday it has established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.

OpenAI establishes $4 bln credit facility

HSBC Holdings PLC (LSE:HSBA) online arm First Direct has cut rates across its range of 100 mortgage products as competition for homebuyers continues to intensify. For buyers with a 40% deposit, the rate starts as low as 3.79% for a five-year fixed deal with a fee of £490, while three-year fixes with a 15% deposit drop to 4.74% from 4.99%.

HSBC arm First Direct cuts its mortgage rates to match rivals

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is HSBC (HSBC) a Great Value Stock Right Now?

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

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Governments reporting their plans and progress in bringing down national levels of planet-warming carbon emissions need to provide detail at sector level to make them workable, said HSBC group chief sustainability officer Celine Herweijer.

HSBC says governments' climate plans need to provide sector details

HSBC Holdings Plc , is eyeing Pam Kaur as a forerunner among several top executives to potentially become the bank's first-ever female finance chief in its century-and-a-half-long history, Bloomberg News reported on Tuesday.

HSBC considers insider Pam Kaur as first-ever female CFO, Bloomberg reports

Royal Bank of Canada

Some Royal Bank of Canada employees who joined as part of an HSBC Canada acquisition are worried about losing their jobs when a six-month guarantee expires this month, according to six sources familiar with the situation.

Exclusive: RBC bankers fear layoffs as pledge to keep HSBC staff nears end, sources say

British banking giant HSBC wants the tech industry's help with new fraud reimbursement rules. The bank said the regulations expected to go into effect next month will not prevent fraud, The Guardian reported Sunday (Sept.

HSBC: Tech Sector Should Help Refund APP Fraud Victims

HSBC announces an agreement to sell its Germany-based private banking business to BNPQY. This is part of its plan to focus on the Asia region.

HSBC to Divest German Private Banking Business to BNP Paribas

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BNP Paribas said on Monday it had signed a deal to buy HSBC's private banking unit in Germany which it expected to be finalised in the second quarter of 2025.

BNP Paribas signs deal to buy HSBC private banking unit in Germany

PARIS--(BUSINESS WIRE)--Regulatory News: HSBC Continental Europe has reached an agreement to sell its private banking business in Germany to BNP Paribas. The potential transaction is subject to relevant governmental approvals and the conclusion of negotiations with the Works Council in Germany. The potential transaction, which is anticipated to generate a gain on sale, is expected to complete in the second half of 2025. Approximately 120 staff members and the assets and customers of HSBC German.

HSBC Continental Europe: Sale of Private Banking Business of HSBC in Germany

HSBC (LON: HSBA) share price has risen for two consecutive weeks as investors focus on the actions by central banks and the new management. The stock was trading at 665p in London, up by over 16% this year and by almost 200% from the lowest point in 2020.

HSBC share price is up 200% from 2020 lows; more upside?

NEW YORK--(BUSINESS WIRE)--From complex supply chains to unexpected global events, uncertainty is impacting the ability of business leaders and individuals to make confident decisions, according to a new HSBC global study, Seizing Uncertainty. The global study of 17,555 individuals across 12 countries, including 1,500 in the U.S., has uncovered that business decision makers and individuals planning for the future are struggling to navigate change and make decisions in their lives. Research show.

New HSBC Study on Decision-Making Reveals Decision Paralysis Among US Business Leaders and Individuals Planning for the Future

HSBC has reaffirmed its buy rating on discoverIE Group plc following the company's capital markets day (CMD) on 11 September. Despite some observable short-term risks, the bank pointed to discoverIE's “attractive” valuation, underpinned by an 8-9% free-cash-flow yield at the current share price of 603p.

DiscoverIE valuation ‘attractive' reckons HSBC

HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand , the country's largest lender by market value, Bloomberg News reported on Friday, citing people with knowledge of the matter.

HSBC in talks to sell South Africa unit to FirstRand, Bloomberg News reports

News for HSBC Holdings Stock (HSBC)