HSBC Holdings plc Sponsored ADR (HSBC)
HSBC Australia accused of ‘widespread and systemic' failure to prevent scams
Australia's financial regulator has filed a lawsuit against HSBC Holdings PLC (LSE:HSBA) for allegedly failing to protect customers from scams. The allegations, brought before the Federal Court by the Australian Securities and Investments Commission (ASIC), claim HSBC Australia failed to adequately prevent or detect unauthorised transactions and delayed investigations and account access restorations.
HSBC Sued by Australian Regulator for Failing to Protect Customers From Scams
Australia's corporate watchdog is suing the local unit of HSBC Holdings over allegations that the bank failed to protect customers from criminal scams.
Australia takes HSBC to court over neglecting scam victims
Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC , claiming it failed to correctly respond to about 950 reports of customers losing close to a million dollars or more.
Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia
HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries.
RBI may cut rates in February if winter harvest goes well: HSBC
Pranjul Bhandari, HSBC's chief India economist, explains that because food is a factor in India's inflation considerations, the Reserve Bank of India could have room to ease rates if the winter crop goes well and prices start to fall.
HSBC reviews retail banking outside UK and Hong Kong, FT reports
HSBC is reviewing its retail banking operations outside the UK and Hong Kong, which could see it substantially scale back operations in other countries, including Mexico, the Financial Times reported on Thursday, citing people familiar with the discussions.
HSBC share price is soaring: technicals point to more gains
The HSBC share price is firing on all cylinders and is hovering at its all-time high as the company's turnaround measures continue. It has risen in the last five consecutive weeks and moved to a record high of 755p.
HSBC, World Bank's IFC launch $1 bln trade finance programme for emerging market
HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade.
HSBC loses appeal over job-seeking banker's discrimination claim
HSBC on Wednesday lost an appeal against a London court decision to reinstate a senior banker's lawsuit that alleges the bank victimised and discriminated against her when it failed to hire her for a senior sales position in 2018.
HSBC, NatWest, and Lloyds: Citi's mixed outlook for UK banks in 2025
Citi analysts have offered a mixed forecast for UK banks in 2025, favouring HSBC Holdings PLC (LSE:HSBA) and NatWest Group PLC (LSE:NWG) while expressing caution over Lloyds Banking Group PLC (LSE:LLOY). HSBC is a top pick, with anticipated strong 2025 guidance supported by its Asia-focused strategy, cost-cutting, and robust capital returns.
Reckitt to lead charge in European consumer staples rebound, says HSBC
HSBC has raised its rating on Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) from ‘hold' to ‘buy' as part of a reassessment of European consumer staples stocks. Share prices across the entire European consumer staples sector tumbled in 2024, reflecting what HSBC called “one of the worst years in recent memory” for the industry.
HSBC eyes $3 bln in potential savings from overhaul, Bloomberg News reports
HSBC Holdings Plc is examining plans that could cut costs by at least $3 billion as the bank continues to restructure its worldwide operations under new CEO Georges Elhedery, Bloomberg News reported on Wednesday.
