HSBC Holdings plc Sponsored ADR (HSBC)
HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%
HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20.
U.S. equities remain main overweight for 2025: HSBC Private Bank
Willem Sels, global chief investment office at HSBC Global Private Banking and Wealth, talks about the U.S. economy, AI and market opportunities.
HSBC appoints insider John Shipman as interim CEO of Swiss Private Bank
HSBC on Tuesday appointed insider John Shipman as interim CEO of its Swiss Private Bank and country head of HSBC Switzerland, effective Jan. 1, 2025.
HSBC's Unit Sued by ASIC Over Systemic Failures in Scam Prevention
ASIC sues HSBC Australia for failing to protect its customers from fraudulent activities and seeks penalties and measures to prevent future misconduct.
HSBC Mulls Over Streamlining Retail Banking Business in Mexico
HSBC considers streamlining its retail banking business in Mexico amid cost mitigation efforts and a shift in focus toward wealth management operation.
HSBC Australia Sued for ‘Widespread' Anti-Fraud Failings
Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments.
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.
