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.

Barclays

Lloyds Banking Group

NatWest Group plc 

Shares in Lloyds Banking Group PLC (LSE:LLOY), Barclays PLC (LSE:BARC), NatWest Group PLC (LSE:NWG) and HSBC Holdings PLC (LSE:HSBA) all traded lower in Friday's early deals amidst uncertainty over the potential disruptions caused by a global IT outage. A cloud services outage overnight caused chaos in the US.

Lloyds, Barclays, NatWest and HSBC shares fall as IT outage impacts banks

UK banks NatWest Group PLC (LSE:NWG) and HSBC Holdings PLC (LSE:HSBA) look good currently for investors looking for income, according to Shore Capital. Based on the broker's income screen, the UK bank sector scores strongly based on modest valuations and attractive yields.

NatWest and HSBC good income bets, suggests broker

British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC's chief financial officer (CFO) last year, will move into the chief executive role (CEO) September 2, the bank announced Wednesday (July 17).

HSBC Promotes CFO Georges Elhedery to Chief Exec

HSBC Holdings PLC (LSE:HSBA) promoting Georges Elhedery, its current chief financial officer, to be its new CEO is unsurprising, analysts said. Following the retirement announcement from Noel Quinn in the spring, the current boss will step down from 2 September.

HSBC new CEO appointment is unsurprising, says broker

HSBC Holdings on Wednesday said its current chief financial officer, Georges Elhedery, will take over from Noel Quinn as its new CEO.

HSBC appoints current finance chief Georges Elhedery to CEO

HSBC Holdings PLC (LSE:HSBA) has promoted finance chief Georges Elhedery to the role of group chief executive, after Noel Quinn's surprise retirement announcement in April.  Elhedery, who joined the Asia-focused lender in 2005 and after roles including co-CEO of the Global Banking & Markets division, became group chief financial officer in 2023.

HSBC promotes former markets and finance chief Georges Elhedery to CEO

When Georges Elhedery took a six-month break from HSBC in 2022, some feared he had called time on a 17-year stint at the Asia-focused lender. But two years on, the novice Mandarin-speaker is just weeks away from becoming chief executive.

HSBC's Elhedery takes fast track from finance to CEO

HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery replaces Noel Quinn, who has held the position for nearly five years.

HSBC appoints Georges Elhedery as group CEO starting Sept. 2

HSBC HSBA -0.38%decrease; red down pointing triangle Holdings named Georges Elhedery as its new chief executive after the bank's current leader unexpectedly announced his retirement earlier this year.

HSBC Names Georges Elhedery as Chief Executive

Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC's exposure to China's lingering bad loans crisis will be among the top challenges facing the bank's new CEO Georges Elhedery.

The five biggest challenges facing new HSBC CEO Georges Elhedery

HSBC Holdings Ltd said on Wednesday it has appointed Georges Elhedery as its group chief executive, with effect from Sept. 2.

HSBC appoints Georges Elhedery as group chief executive

Britain has created 176 $1 billion-plus startups or unicorns, with five new ones added in 2024 to date, new research from HSBC and Dealroom has found. “Notably, 69 of these unicorns are still unrealised, setting the stage for further lucrative exits and listings over the coming years,” said the report.

UK seeing surge of AI start up investment says HSBC

Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters.

HSBC launches new climate-focused infrastructure finance unit

Frontline

The Fed's anticipated rate cut could make high-yield stocks more attractive compared to bonds. When interest rates fall, existing bonds become less appealing, potentially leading investors towards higher-yielding equities.

Buy alert: 2 high-yield dividend stocks with ‘Strong Buy' rating for July 2024

HSBC Holdings plc is expected to report weak Q2 2024 earnings, with potential rate cuts ahead impacting revenue and earnings growth. Despite underperforming the market, HSBC Holdings' dividend yield remains high and sustainable for long-term investors. As interest rates peak, HSBC's profitability may decline, but its capital position and attractive dividend yield offer value for income-focused investors.

HSBC: Q2 2024 Earnings Preview, Investment Case Remains Geared To Income

Deutsche Bank

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

3 Stocks Worth a Look From the Prospering Foreign Banks Industry

First Citizens BancShares

SVB Financial Group

A federal judge in California has dismissed most of First Citizens BancShares' $1 billion lawsuit accusing HSBC of poaching more than 40 employees of Silicon Valley Bank after its high-profile collapse.

Judge trims First Citizens claims that HSBC poached Silicon Valley Bank workers

NEW YORK--(BUSINESS WIRE)--HSBC U.S. Wealth and Personal Banking Head Racquel Oden today announced that Carly Doshi has returned to HSBC as the new Head of Wealth Planning and International Connectivity. In this role, Carly will lead a team of wealth professionals who provide specialist advice for clients on income and estate guidance, wealth transfer, pre-immigration, philanthropy, family governance, family office advisory, and comprehensive financial planning matters. “We are thrilled to have.

HSBC U.S. Head of Wealth and Personal Banking Racquel Oden Expands Team with New Head of Wealth Planning and International Connectivity

Visa

Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing launched in the United Kingdom in January.

HSBC's Zing Leverages Visa Solutions for Cross-Border Payments

LONDON--(BUSINESS WIRE)--Customers are able to hold funds in up to 10 different currencies, send 30+ currencies & transact in 200+ countries and territories worldwide.

HSBC Partnered with Visa to Develop Zing International Money App

As HSBC prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people with knowledge of the discussions told Reuters.

Focus: HSBC eyes payouts, new roles for execs pipped to CEO job, sources say

HSBC has been fined HK$24 million ($3.07 million) for offering incentives to "unregistered intermediaries" to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong Kong's pension regulator said.

HSBC fined $3 mln over incentive offers to agents around MPF scheme

BNP Paribas SA

UBS Group AG

HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG , for the sale of its German wealth-management unit, Bloomberg News reported on Thursday citing people familiar with the matter.

BNP, UBS said to show Interest in HSBC's German Wealth Unit, Bloomberg News reports

Some of the UK's largest high-street banks have begun cutting mortgage rates as they look to take advantage of the pent-up demand after the election and when base rates are cut.  Both HSBC Holdings PLC (LSE:HSBA) and Barclays PLC (LSE:BARC) reduced their rates for the second time in as many weeks, with the latest changes set to come into effect tomorrow.

Barclays, HSBC and other lenders cut mortgage rates again

HSBC Holdings PLC (LSE:HSBA) is reducing the number of new hirings and asking investment bankers to cut down on travel and entertainment expenses as it looks to cut costs.  Departing boss Noel Quinn has launched a range of cost-saving measures including not replacing staff who have left or resigned in recent months.

News for HSBC Holdings Stock (HSBC)