HSBC

HSBC chief executive Noel Quinn said the bank was 'on track to deliver higher returns in 2023'

HSBC To Offload Argentina Business, Absorbs $1 Billion Loss on Exit Deal

HSBC announced its agreement to sell its business in Argentina for $550 million, with a $1 billion pre-tax loss in the first quarter of 2024.

Navigating China's Real Estate Crisis: HSBC Reports Significant Quarterly Profit Drop

HSBC has enjoyed bumper profits thanks to the high interest rate environment

HSBC's quarterly profit took a significant hit due to impairment charges on its investments in China's Bank of Communications.

Ripple Partners With HSBC For 2024 Launch Of Tokenized Securities Custody Service

This recent development aligns HSBC with major banks such as Deutsche Bank and JPMorgan, all of which have embraced blockchain applications in recent months.

HSBC's profits have been boosted by surging interest rates by central banks aimed at taming inflation

HSBC Reports Bumper Profits On Rising Interest Rates

Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates.

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HSBC Acquires Silicon Valley Bank UK For $1.20 As US SVB Collapses

The transaction, which excludes the assets and liabilities of SVB U.K.'s parent company, will protect the deposits of SVB U.K. clients, the U.K. Treasury said.

A representation of the virtual cryptocurrency Bitcoin

HSBC Holdings, Nationwide Building Society Tighten Restrictions On Cryptocurrency Purchases In UK

The U.K. is seeing a rise in the number of banks cracking down on crypto transactions.

HSBC's Job Listing On Tokenization Professional Seemingly Hints At Pivot On Anti-Crypto Stance

The bank is currently hiring a Product Director for tokenization use cases and digital assets.

HSBC Hints At Plans Of Engaging Crypto In Metaverse, Official Documents Show

"As a bank, we're not getting into the crypto world, crypto trading, crypto exchanges," HSBC Group CEO Noel Quinn said in September.

Banks In This Country Are Asking Employees To Return To Offices

As Prime Minister Boris Johnson announced the United Kingdom will ease its COVID protocols, major banks such as Goldman Sachs and HSBC have asked their employees to return to offices.

Fears are growing over Hong Kong's banking independence after HSBC suspended the accounts of an exiled former pro-democracy lawmaker

HSBC Accounts Of Hong Kong Pro-democracy Church Frozen: Pastor

HSBC accounts of Hong Kong pro-democracy church frozen: pastor

The global economic slowdown caused by the coronavirus has hit financial giants hard

HSBC Reports Lighter-than-expected Third-quarter Profit Fall

HSBC reports lighter-than-expected third-quarter profit fall

Campaigners complain that HSBC continues to fund fossil fuel projects including coal power

HSBC Bank Aims For Zero Carbon On Investments By 2050

HSBC bank aims for zero carbon on investments by 2050

HSBC has been overhauling its ability to fight financial crime and says it is "a much safer institution than it was in 2012" when it signed an accord with the US Justice Department on the issue

Banking Shares Plummet On Laundering Allegations

Banking shares plummet on laundering allegations

Deutsche slashed its payroll in 2019 by 4,100, to around 87,600

Report: Global Banks, Including HSBC, Deutsche Bank, JPMorgan, Have Laundered Trillions In Illicit Cash

Some of the most well-known banks in the world have been transferring huge amounts of cash for mobsters, fraudsters, criminals, drug dealers and oligarchs.

HSBC's share price has fallen more than 50 percent so far this year and is at its lowest since 1995

HSBC Shares Hit 25-year Low On Report Of China 'Unreliable List'

HSBC shares hit 25-year low on report of China 'unreliable list'

Banking giant HSBC has extended its agreement with British Cycling

HSBC Extends Agreement With British Cycling To Cover Tokyo Olympics

HSBC extends agreement with British Cycling to cover Tokyo Olympics

The Federal Reserve permitted Wells Fargo to boost loans to small businesses harmed by coronavirus shutdowns amid fresh signs of trouble in the rollout of a massive aid program

Banks In US, Europe Preparing For Full Impact Of Coronavirus Pandemic

Aside from anticipated loan losses and bankruptcies, banks are also dealing with very low interest rates.

A political earthquake has coursed through Hong Kong since the national security law came into effect

Hong Kong Banks May Suspend Accounts Of Officials Sanctioned By US

Banks are researching whether the networks of the officials put them at risk.

Before the onset of the virus, HSBC was already under pressure owing to China-US tensions and Brexit

HSBC's After-Tax First Half Profit Drops 69%: Job Cuts, Restructuring Accelerated

Financial giant's earnings plunge to $3.1 billion form $10 billion a year ago; 35,000 workers to be laid off.

Before the onset of the virus, HSBC was already under pressure owing to China-US tensions and Brexit

HSBC Profit Slump Adds To Bank Sector Virus Woes

HSBC profit slump adds to bank sector virus woes

Before the onset of the virus, HSBC was already under pressure owing to China-US tensions and Brexit

HSBC Profits Hammered By Pandemic And Soaring US-China Tensions

HSBC profits hammered by pandemic and soaring US-China tensions

David Solomon, chief executive of Goldman Sachs, which reported a drop in quarterly earnings due to higher legal and regulatory costs

Goldman Sachs’ New Performance Review System May Harbinger For New Job Cuts Next Year

The prominent investment bank could have up to 10% of its 39,000 employees graded as “underperformers” this year.

HSBC has said it will put on hold many of the 35,000 redundancies recently announced as part of a cost-cutting drive

HSBC Seeks To Double Number Of Black Senior Staff By 2025

The bank did not disclose what percentage of senior staff are presently Black

Hong Kong pro-democracy activists hold up their mobile phones during a rally iin June

Some US Government Officials Want To Depeg Hong Kong Dollar To Greenback To Hurt China

Economists have assailed the proposal as unrealistic

HSBC insists China's measures will help "stabilise" Hong Kong and "revitalise" its economy -- a view which has angered business and political circles in Britain, which returned the former colony to Chinese rule in 1997

HSBC Resumes Plan To Cut 35,000 Jobs, Faces Criticism Over Hong Kong Security Law

HSBC is seeking to pivot towards its Asian markets

HSBC Under Fire In UK For Backing China's Hong Kong Law

HSBC under fire in UK for backing China's Hong Kong law

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