Frederic Neumann of HSBC believes it will be hard to erode Indonesia's firm fiscal position, however markets there might continue to roil without an AI catalyst in a global tech-driven rally.
Investors interested in stocks from the Banks - Foreign sector have probably already heard of HSBC (HSBC) and Toronto-Dominion Bank (TD). But which of these two companies is the best option for those looking for undervalued stocks?
HSBC on Monday downgraded U.S. equities, citing uncertainty around tariffs, while turned bullish on European stocks following boost from Germany loosening its fiscal reforms.
Max Kettner, HSBC chief multi-asset strategist, joins 'Money Movers' to discuss his outlook for the global economy, what could help equities move higher, and much more.
The year has started with a big rally for European stocks as the U.S. market struggles to remain above water. Now, HSBC strategists are changing their tune.
Canada's largest lender Royal Bank of Canada laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC's domestic business last year, two sources with direct knowledge of the layoffs told Reuters. Some of the layoffs were at the technology and operations teams and began earlier this week, the sources said, requesting anonymity.
HSBC has kicked off a process to find a new CEO for its UK business after appointing Ian Stuart in charge of customer engagement and culture, the bank said on Tuesday.
Julius Baer Group is set to name ex-HSBC Holdings chief executive Noel Quinn as its next chairman, Bloomberg News reported on Friday citing people familiar with the matter.
Max Kettner, HSBC's chief multi-asset strategist, discusses the latest market sell-off after Nvidia shares plummeted following quarterly earnings.
American investors are feeling the impact of tariff threats, as hedge funds funnel money away from domestic tech to international competitors. However, it isn't just Chinese competitors who are benefiting from the inflationary and tariff squeeze concerns facing the United States—investors are also taking a renewed interest in top European stocks.
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its expansion plans in that country.
HSBC has been a strong performer recently, with multiple expansion powering a ~60% return over the past 12 months. Excluding notable items, HSBC delivered a mid-teens return on tangible equity last quarter. Guidance sees only modest slippage from that through 2027, better than the market expected. These shares trade for roughly 1.3x tangible net asset value, which is justified by its earnings quality.