HSBC Holdings plc Sponsored ADR (HSBC)
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.
HSBC Plans to Exit Parts of IB Units in U.K., Europe & U.S.
HSBC intends to wind down some parts of its IB units outside Asia to boost its focus on Asian markets and enhance profitability.
HSBC's global brand in the balance as it doubles down on Asia bet
HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders and senior Chinese officials that he spoke for all UK businesses present in hoping for stronger economic ties.
HSBC to cut back investment banking as new chief's blood-letting continues
HSBC Holdings PLC (LSE:HSBA) is to rein back its investment banking in the UK, Europe and North America under the next stage of new chief executive Georges Elhedery's restructuring plan. At the end of last year, HSBC announced a split into four operations divided geographically by east and west as part of US$3 billion in cost cuts.
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.
