HSBC Holdings plc Sponsored ADR (HSBC)
HSBC appoints Georges Elhedery as group CEO starting Sept. 2
HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery replaces Noel Quinn, who has held the position for nearly five years.
HSBC Names Georges Elhedery as Chief Executive
HSBC HSBA -0.38%decrease; red down pointing triangle Holdings named Georges Elhedery as its new chief executive after the bank's current leader unexpectedly announced his retirement earlier this year.
The five biggest challenges facing new HSBC CEO Georges Elhedery
Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC's exposure to China's lingering bad loans crisis will be among the top challenges facing the bank's new CEO Georges Elhedery.
HSBC appoints Georges Elhedery as group chief executive
HSBC Holdings Ltd said on Wednesday it has appointed Georges Elhedery as its group chief executive, with effect from Sept. 2.
UK seeing surge of AI start up investment says HSBC
Britain has created 176 $1 billion-plus startups or unicorns, with five new ones added in 2024 to date, new research from HSBC and Dealroom has found. “Notably, 69 of these unicorns are still unrealised, setting the stage for further lucrative exits and listings over the coming years,” said the report.
HSBC launches new climate-focused infrastructure finance unit
Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters.
HSBC: Q2 2024 Earnings Preview, Investment Case Remains Geared To Income
HSBC Holdings plc is expected to report weak Q2 2024 earnings, with potential rate cuts ahead impacting revenue and earnings growth. Despite underperforming the market, HSBC Holdings' dividend yield remains high and sustainable for long-term investors. As interest rates peak, HSBC's profitability may decline, but its capital position and attractive dividend yield offer value for income-focused investors.
HSBC's Zing Leverages Visa Solutions for Cross-Border Payments
Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing launched in the United Kingdom in January.
Focus: HSBC eyes payouts, new roles for execs pipped to CEO job, sources say
As HSBC prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people with knowledge of the discussions told Reuters.
HSBC fined $3 mln over incentive offers to agents around MPF scheme
HSBC has been fined HK$24 million ($3.07 million) for offering incentives to "unregistered intermediaries" to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong Kong's pension regulator said.
HSBC limits new hirings and cuts staff spending in cost-cutting drive
HSBC Holdings PLC (LSE:HSBA) is reducing the number of new hirings and asking investment bankers to cut down on travel and entertainment expenses as it looks to cut costs. Departing boss Noel Quinn has launched a range of cost-saving measures including not replacing staff who have left or resigned in recent months.
HSBC users locked out of online banking on payday
HSBC Holdings PLC (LSE:HSBA) users were left unable to access their bank accounts on payday this morning after the lender suffered an outage on its mobile banking app. Some 7,000 reports of outages were made on Downdetector, leading to HSBC issuing a statement, apologising for the issue, promising to have it back up and running soon.
