HSBC Holdings plc Sponsored ADR (HSBC)
HSBC annual profit jumps 6.5%, marginally misses estimates
HSBC annual profit jumps 6.5%, marginally misses estimates
HSBC 2024 profit beats estimates; announces $2 billion share buyback
HSBC reported a 6.6% rise in annual profit on Wednesday, beating market expectations, as income withstood the impact of falling interest rates during a year in which sweeping restructuring pushed up costs.
HSBC to sell Bahrain retail banking unit to Bank of Bahrain and Kuwait
HSBC said on Tuesday it has agreed to sell its retail banking operations in Bahrain amid a wider restructuring at the bank.
HSBC cuts 40 dealmakers in Hong Kong ahead of restructuring, a source says
HSBC , has laid off around 40 investment bankers in Hong Kong as part of the bank's global restructuring, according to one source with direct knowledge of the matter.
HSBC investors back CEO's investment banking retrenchment
Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump's deregulatory agenda fuels hopes for a boom in capital markets activity.
HSBC share price forecast ahead of earnings: buy or sell?
HSBC share price remains in a strong bull market and is hovering at its all-time high as investors watch the ongoing job cuts and the upcoming earnings. HSBA stock has risen in the last three straight weeks, and by almost 300% from its lowest level in 2020.
HSBC Job Cuts: Layoffs at Investment Bank to Start in Asia
HSBC is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges Elhedery continues his overhaul of Europe's biggest lender, according to people familiar with the matter. The latest phase of cuts will start in Asia, but will ultimately affect employees globally, said the people.
HSBC to unveil $1.5 billion of annual cost savings on February 19, FT reports
HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives on February 19, the Financial Times reported on Thursday.
Solid IB & Trading to Aid HSBC's Q4 Earnings, Higher Expenses to Hurt
Robust IB & trading revenues and lower interest rates are likely to aid HSBC's fourth-quarter results. Yet, high costs are likely to remain a woe.
HSBC is lagging rivals as results approach, where 'concrete guidance' needed
HSBC Holdings PLC (LSE:HSBA), which reports final results next Wednesday, 19 February, is the worst performing of the UK's big five over the past 12 months. Some City analysts have been supportive recently, with those at Citi liking HSBC as its Asia-focused pick over rival StanChart as higher-for-longer US rates and Asian wealth growth are supportive factors.
South Korean court clears HSBC on charges of violating short-selling rules, Yonhap reports
A South Korean court on Tuesday acquitted HSBC on charges of violating the country's short-selling rules, the Yonhap News Agency reported.
HSBC deputy global equities chief takes leave, sources say
HSBC's deputy global head of equities Selene Chong is taking a leave of absence from her role, two sources with knowledge of the matter told Reuters, the latest in a slew of senior leadership changes at the Asia-focused lender.
