HSBC Holdings plc Sponsored ADR (HSBC)
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.
HSBC reportedly seeking out $3bn in savings through overhaul
HSBC Holdings PLC (LSE:HSBA) is reportedly looking to save as much as US$3 billion (£2.4 billion) through its overhaul under new chief executive George Elhedery. Bloomberg-cited sources said managers had been informed of the rough target last week and told the major overhaul would take until June next year to complete.
HSBC accused over Paraguay deforestation funding
HSBC Holdings PLC (LSE:HSBA) has been named as one of ten global banks funding the deforestation of an area in Paraguay described by naturalist David Attenborough as one of the world's last wildernesses. Environmental group Global Witness says the banks are funding cattle companies that have chopped down 75,000 hectares of forest in the Gran Chaco region in the past three years alone.
HSBC announces senior management exits as global reorganisation continues
HSBC , said on Thursday it has completed a restructuring of its major business units and functions, as Europe's largest bank seeks to streamline its global operations via a sweeping overhaul under new CEO Georges Elhedery.
Exclusive: HSBC appoints Lisa McGeough to lead US as CEO Elhedery shuffles leaders
HSBC promoted Lisa McGeough to become its president and CEO for the United States at the start of next year, the bank said on Thursday in a statement first seen by Reuters.
HSBC shipping expert discusses upcoming shocks to the global supply chain
Parash Jain, global head of shipping and ports at HSBC, discusses market outlook ahead of expected changes in U.S. trade policy.
HSBC to Close China Credit Card Business Amid Expansion Struggle
HSBC plans to move away from its China credit card business as it faces growth and profitability constraints, given high competition and lower consumer spending.
