HSBC Holdings plc Sponsored ADR (HSBC)
HSBC Reaffirms $4 Billion Private Credit Bet
HSBC responded Friday (May 15) to a media report that it paused a $4 billion investment in its private credit funds, saying it remains committed to that business. “We are committed to our asset management's offering in private credit funds,” the bank said, according to a Friday report by Reuters.
HSBC pauses $4 billion private credit investment after fraud hit, FT reports
HSBC has paused a $4 billion investment into its own private credit funds, the Financial Times reported on Friday, more than a week after it took a $400 million hit linked to the collapse of British mortgage lender Market Financial Solutions.
‘Insurance policy was being cashed in' during Iran war gold liquidations, but demand remains strong – HSBC's Steel
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HSBC, BP and GSK combine in dividend-driven knock to Footsie
A clutch of heavyweight dividend payments knocked almost 20 points off the FTSE 100 on Thursday, with four of the index's biggest companies trading ex-dividend. HSBC Holdings PLC (LSE:HSBA) had the largest impact, removing 5.36 points from the blue-chip index as the shares traded without entitlement to the bank's latest 10-cent quarterly payout.
Trade Desk Just Got Hit Again: HSBC Downgrades to Reduce With $20 Price Target
HSBC downgraded Trade Desk (NASDAQ:TTD | TTD Price Prediction) to Reduce from Hold on Monday, attaching a $20 price target that sits below where shares have recently traded.
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The Opaque Private-Lending Deals That Left HSBC With a $400 Million Hole
The British bank turns out to be one of the most exposed lenders affected by the collapse of mortgage broker Market Financial Solutions, through a complex loan via a chain of special-purpose vehicles.
HSBC Loses $400 Million to Private Credit Fraud
HSBC took a $400 million expected credit loss (ECL) in the first quarter due to what it called “fraud-related, secondary, securitization exposure with a financial sponsor in the UK” in the bank's Corporate and Institutional Banking (CIB) business, according to a Tuesday (May 5) earnings release.
FTSE 100 Index slips as UK bond yields surge and HSBC earnings miss
The FTSE 100 Index retreated for four consecutive days as UK government bond yields surged and after HSBC published a weak financial report. It dropped to £10,225 on Tuesday, down sharply from the year-to-date high of £10,935.
HSBC shares tumble after 'messy' update as Iran war blots copybook
HSBC Holdings PLC (LSE:HSBA) shares fell 5.4% to 1,286p in early trading in London on Tuesday after the biggest lender in Europe was forced into making heavier credit losses than expected due to the war in the Middle East. Pre-tax profit of $9.37 billion was down from $9.48 billion a year earlier and below the $9.59 billion average analyst forecast.
HSBC misses profit forecasts despite revenue growth in first quarter
HSBC Holdings PLC (LSE:HSBA) reported first-quarter pre-tax profit of $9.37 billion, slightly below the $9.59 billion expected by analysts, while revenue came in ahead of forecasts at $18.62 billion. Pre-tax profit of $9.37 billion was down slightly from $9.48 billion a year earlier but up from $6.80 billion in the previous quarter.
