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 will move four of its most senior executives to Hong Kong later this year, as the London-based bank focuses more attention on fast-growing markets in Asia.

HSBC is moving the heart of the bank back to Hong Kong

MicroStrategy Incorporated

HSBC Holdings plc (NYSE:HSBC) has banned customers of its online share-trading platform from buying or moving shares of MicroStrategy Inc. (NASDAQ:MSTR) into their accounts, Reuters reported Monday. What Happened: HSBC said it will not facilitate the buying or exchange of products related to or referencing the performance of virtual currencies, according to the report that cited a message to a client on the bank's InvestDirect stock trading platform.

No Bitcoin, Please: MicroStrategy Gets HSBC Ax

HSBC has said it will prevent clients from purchasing and moving shares of MicroStrategy into their InvestDirect accounts, according to a March 29 message viewed by Reuters that referred to the stock as a "virtual currency product." The decision comes amid a broader move by HSBC to limit cryptocurrency trading.

HSBC bans clients from buying shares of MicroStrategy, which has become known for its massive bitcoin purchases (MSTR, BTC, HSBC)

HSBC has banned customers of its online share-trading platform from buying or moving into their accounts MicroStrategy Inc stock, a message seen by Reuters showed, calling it a "virtual currency product".

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

HSBC and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia's supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday.

HSBC and Asian Development Bank join forces in $300 million vaccine financing

HSBC PLC (LON:HSBA) is moving 1,200 UK-based employees to permanent home working. Around 70% of its 1,800 call centre staff have volunteered to never go back to the office, Reuters reported.

HSBC to move 1,200 UK employees to permanent home working

HSBC is moving more than 1,200 staff in Britain to permanent working from home contracts, in one of the strongest indications yet of how banks are locking in changes to employees' work patterns as a result of the pandemic to cut costs.

Exclusive: HSBC moves more than 1,200 UK staff to permanent home working

NEW YORK--(BUSINESS WIRE)--Tara Latini is appointed Head of Wealth and Personal Banking, US, HSBC.

HSBC Bank USA Announces Tara Latini as Head of Wealth and Personal Banking

Vancouver-based bank HSBC has unveiled a new mobile banking service that gives small business owners a single place to take care of all their financial tasks. According to TechRadar, the U.K.-centric service — known as HSBC Kinetic — is designed to provide a simpler, faster and more intuitive experience, shaped by feedback from more than […]

HSBC Unveils One-Stop Service For Small Business Owners

Bank of America

The world's 60 largest commercial and investment banks poured a total US$3.8 trillion into fossil fuels between 2016 and 2020, according to a report by a group of non-governmental organizations. JP Morgan Chase (NYSE:JPM) financed the most deals by value, investing US$316.7bn over the five years, with North American banks – Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC) and RBC (TSE:RY) - making up the top five.

Barclays and HSBC among biggest lenders to fossil fuels industry, report finds

VANCOUVER, British Columbia--(BUSINESS WIRE)--Alan Turner is appointed Head of Commercial Banking effective today, succeeding Linda Seymour.

Alan Turner Appointed HSBC Bank Canada Head of Commercial Banking

HSBC Holdings (HSBC) is in advance discussions with Cerberus in regard to the divestiture of its French retail business. This is part of the bank's streamlining initiatives.

HSBC in Final Talks to Sell French Retail Unit to Cerberus

The Chinese telecommunications giant Huawei is suing HSBC in Hong Kong after a case it brought in English courts was dismissed.

Huawei sues HSBC for documents US 'wilfully withheld' in extradition request

KeyCorp

Regions Financial

These three banks still have a chance of being a part of some deal and would really change the regional banking landscape.

3 Acquisitions That Could Shake Up the Regional Banking Space

HSBC PLC (LON:HSBA) dipped 4% to 427.6p before close as the banking sector continued to be damaged by bond yields losing ground. The bank was the largest faller in the FTSE 100 index after Investec downgraded it to ‘sell'.

HSBC dips pressured by bond yields, COVID-19 case in Hong Kong office

HSBC said on Thursday it plans to end funding for coal-fired power and thermal coal mining projects by 2030 in developed economies by 2030 and worldwide by 2040, in response to pressure from investors. Non-profit shareholder ShareAction had previously deemed HSBC's climate change statement of ambition unconvincing and proposed their own motions for the upcoming annual general meeting at Europe's largest bank.

HSBC will end all funding for the coal industry by 2040, narrowly avoiding revolt among climate conscious-investors

Is it just propaganda, or does it actually mean anything? HSBC Holdings PLC (LON:HSBC) has given itself nineteen years to extract itself from the business of coal mining globally, according to a resolution that will be tabled at its upcoming annual general meeting.

HSBC is being bounced out of coal, apparently. Or is it?

HSBC PLC (LON:HSBA) said it will propose a special resolution on climate change at the Annual General Meeting on May 28. The bank expects to provide between US$750bn and US$1 trillion in financing and investment to help its customers decarbonise as it eyes an opportunity for long-term, sustainable growth.

HSBC to invest up to US$1 trillion to help customers decarbonise

HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing world by 2040, the bank said on Thursday, bowing to investor pressure to toughen its stance on fossil fuel financing.

HSBC toughens stance on fossil fuel funding after shareholder heat

HSBC's ratings have been placed in review for a possible downgrade by Moody's Investors Service on dismal profitability and prevailing obstacles in improving the same.

HSBC Ratings Placed Under Review for Downgrade by Moody's

HSBC will be a beneficiary of rising rates from exposure to short-dated government bonds, as net interest income will materially recover. We do have concerns over expected credit losses from the UK retail business, but the bank has signaled conservative assumptions over ECLs.

HSBC: Rate Sensitivity And Improving Shareholder Returns

VANCOUVER, British Columbia--(BUSINESS WIRE)--HSBC Global Asset Management announces changes to some of its funds

HSBC Global Asset Management Announces Changes to Some of Its Funds

HSBC Holdings (HSBC) mulls to expand operations in Asia by hiring more wealth planners for its wealth management business, along with plans of $3.5 billion investment in the region.

HSBC Holdings (HSBC) Aims Expansion in Asia, Hires New Staff

The decision accelerates a shift away from its beleaguered US operations and follows the shuttering of 80 branches across the country in 2020. HSBC is considering selling its remaining 150 US locations to enable its broader focus on Asia. It plans to invest around $6 billion into the region over the next five years and allocate half of its total capital there in the next three to six years. HSBC is doubling down on its China and Hong Kong roots—and Insider Intelligence believes that the region's outsized importance could create significant opportunities for growth and profitability.

HSBC to exit its US retail banking business in search of increased profitability

Barclays

HSBC and Barclays, which have pledged to stop financing new coal projects, have been challenged by a legal group over a Japanese bond it says will contribute to the financing of coal-fired power in Vietnam.

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