HSBC Holdings plc Sponsored ADR (HSBC)
HSBC beats expectations in third-quarter earnings; announces additional $3 billion share buyback
HSBC reported third-quarter pre-tax profit of $8.5, a 10% rise compared to the $7.7 billion posted a year ago. Quarterly revenue grew 5% to $17 billion from the $16.2 billion that was reported a year ago.
HSBC third-quarter profit rises 10%, beats estimates
HSBC Holdings reported a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as it benefited from slower-than-expected rate cuts while it is embarking on one of the largest overhauls in its history.
BP, HSBC, Google, McDonald's line up on big Tuesday
Tuesday brings updates from HSBC and BP, after the former signalled a split of its Asian and UK businesses recently.
Gold will rise higher on geopolitical risks, but weaker demand and rising supply will end rally in H2 2025 – HSBC
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Stock Rally Has More Room to Run, HSBC's Inui Says
"All the pieces are really falling into place for equities," Nicole Inui, HSBC's head of equity strategy for Americas, says on "Bloomberg Open Interest." Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: Click Here -------- More on Bloomberg Television and Markets Like this video?
HSBC joins China's payment system in boost to yuan usage
HSBC's Hong Kong unit has joined China's worldwide interbank renminbi payment system (CIPS) as a direct offshore participant, according to a company statement.
HSBC's big structural changes the focus in next week's update
HSBC Holdings PLC (LSE:HSBA) third-quarter update has been overshadowed by the significant structural changes announced by new chief executive Georges Elhedery. Clear water is being put between the eastern (Asia) and western (UK, Europe, US) parts of the business, presumably making a full separation easier if required down the line.
HSBC CEO tells staff senior redundancies inevitable after revamp
Some senior HSBC staff should brace for job cuts after the bank's latest restructuring, Chief Executive Georges Elhedery told staff in a memo seen by Reuters on Wednesday.
HSBC Restructuring Includes New Leadership, Strategic Approaches
HSBC is calling it a simplified organization structure. But a press release issued Tuesday (Oct. 22), indicates the banking group is making big changes being implemented Jan. 1, 2025.
HSBC's Pam Kaur smashes glass ceiling in major overhaul
HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the "Power of Chi".
Does HSBC splitting itself into East and West point to a break up coming?
New HSBC Holdings PLC (LSE:HSBA) boss George Elhedery today revealed his plan to split the business geographically in two, but it was not clear if this was the final step towards a true break-up of the business into its East and West units. Analysts said the new structure seemed to provide the opportunity for much cost-cutting, but would also be likely to cost several million to achieve.
HSBC to split U.K. and Hong Kong banking arms into two separate units
HSBC's overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said
