HSBC Holdings

HSBC Holdings Plc engages in the provision of banking and financial services. It operates through the following business segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, Global Private Banking, and Corporate Centre. The Retail Banking and Wealth Management segment consists of retail banking, wealth management, asset management, and insurance. The Commercial Banking segment offers banking products and services. The Global Banking and Markets segment includes transaction banking, financing, advisory, capital markets, and risk management services. The Global Private Banking offers transaction banking, financing, advisory, capital markets and risk management services to high net worth individuals and families. The Corporate Centre segment is comprises of central treasury, including balance sheet management, other legacy businesses, interests in associates and joint ventures, central stewardship costs and the UK bank levy. The company was founded on January 1, 1959 and is headquartered in London, the United Kingdom.

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Founded in 1865 to finance trade between Asia and the West, today HSBC is one of the world’s largest banking and financial services organisations serving around 46 million customers. Their aim is to be acknowledged as the world’s leading and most respected international bank.

HSBC has appointed former Citi banker Emily Turner as CEO of its Innovation Banking UK arm, the tech-focused business unit which it created following its acquisition of the British business of failed U.S. lender Silicon Valley Bank.

Emily Turner appointed CEO of HSBC Innovation Banking UK

HSBC Holdings PLC (LSE:HSBA) is reintroducing its Premier wealth banking brand in the UK, focusing on "mass affluent" clients with £100,000 to £2 million available for investment, according to Reuters, citing José Carvalho, head of UK Wealth and Personal Banking. The updated Premier service provides 24/7 customer support, financial planning tools, and lifestyle benefits, including travel perks.

HSBC Holdings eyes mass affluent with new account

NEW YORK--(BUSINESS WIRE)--HSBC and the National Community Reinvestment Coalition (NCRC) announced a four-year, $25 million community growth initiative today, as part of HSBC's broader strategy to drive responsible banking practices and promote financial equity across its U.S. footprint and designed to address concerns raised by NCRC. The partnership, which begins January 2025, aims to expand economic opportunities in low and moderate-income, diverse, and underserved communities through a combi.

HSBC and National Community Reinvestment Coalition (NCRC) Announce $25 Million Partnership to Advance Economic Opportunities in Low- and Moderate-Income

HSBC is relaunching its 'Premier' wealth banking brand in Britain, targeting so-called mass affluent customers who have between 100,000 and 2 million pounds ($2.5 million) to invest.

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy clients

HSBC intends to reduce its workforce by removing top bankers as part of its business streamlining efforts. This aligns with its efforts to achieve cost efficiency.

HSBC to Lay Off Hundreds of Top Bankers to Achieve Cost Efficiency

Barclays

Lloyds Banking Group

JPMorgan Chase is pushing further into the UK retail bank market with the launch of its first credit card some three years after it started taking deposits. The US's largest bank and credit card issuer, JP Morgan is initially offering the card to 25,000 customers following a pilot with its staff.

JP Morgan launches credit card to up pressure on Barclays, Lloyds, HSBC

Several hundred senior staff members at HSBC Holdings PLC (LSE:HSBA) are expected to lose their jobs amid a dramatic reshaping of the global lender's corporate structure. Bloomberg reported that hundreds of senior managers have been instructed to reapply for roles in its newly established corporate and institutional banking (CIB) division as part of a restructuring initiative led by chief executive Georges Elhedery.

HSBC to shed hundreds of senior jobs in major corporate overhaul

HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure. Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.

HSBC reportedly asks middle managers to reapply for jobs as layoffs loom

HSBC reportedly wants hundreds of managers to reapply for jobs at the bank's new division. Interviews for positions at HSBC's corporate and institutional banking (CIB) arm have already begun, Bloomberg News reported Monday (Nov. 18), citing sources familiar with the matter.

HSBC Makes Managers Vie for Jobs Amid CEO Streamlining

PARIS, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Banque Fédérative du Crédit Mutuel  Post Stabilisation Notice HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer: Banque Fédérative du Crédit Mutuel Guarantor (if any): na Aggregate nominal amount: EUR 1,250,000,000                    Description: 3.25% due 17th October 2031 Offer price: 99.864                                 Stabilising Manager: HSBC Continental Europe This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction This information is provided by RNS, the news service of the London Stock Exchange.

HSBC Continental Europe: Post Stabilisation Notice

NEW YORK--(BUSINESS WIRE)--HSBC's Global Entrepreneurial Wealth Report 2024 reveals that an impressive 94% of U.S. HNW and UHNW entrepreneurs are optimistic about future business prospects, and 88% believe their wealth will grow in the next 12 months, even as markets face uncertainties. The study, conducted by Ipsos UK on behalf of HSBC Global Private Banking across ten markets—including the U.S., UK, Switzerland, China, and UAE—surveyed 1,798 HNW and UHNW business owners who chose to take part.

HSBC Global Entrepreneurial Wealth Report: U.S. Entrepreneurs Optimistic Amid Global Market Uncertainty

NEW YORK--(BUSINESS WIRE)--HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.00% to 7.75%, effective tomorrow. ends/more About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, includ.

HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate

LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Aercap Sukuk Limited  Post Stabilisation Notice HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer: Aercap Sukuk Limited Obligor (if any): International Lease Finance Corporation Initial Guarantors (if any): AerCap Holdings N.V.

HSBC Bank PLC: Post Stabilisation Notice

LONDON, Oct. 31, 2024 (GLOBE NEWSWIRE) -- ELECTRICITE DE FRANCE SA Pre Stabilisation Notice HSBC (contact:  syndexecution@noexternalmail.hsbc.com ) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities The securities: Issuer: ELECTRICITE DE FRANCE SA Guarantor (if any): na Aggregate nominal amount: GBP Benchmark Description: Fixed rate due 8thNovember 2064 Offer price: TBC Other offer terms:   Stabilisation: Stabilising Manager(s): HSBC Bank plc, Barclays, NatWest Markets, Société Générale CIB, Santander, Wells Fargo Securities Stabilisation period expected to start on: 31stOctober 2024 Stabilisation period expected to end no later than: 6thDecember 2024 Existence, maximum size & conditions of use of over-allotment facility[1]: 5% of the aggregate nominal amount Stabilisation Venue(s) Over the counter (OTC)     In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time.

HSBC Bank PLC: Pre Stabilisation Notice

Shares of HSBC have been a reasonable performer this year, roughly matching wider European financials with a circa 20% total return. The recently released third quarter results were strong, with the bank beating consensus on revenue and earnings. These shares continue to trade for around 1x tangible book value. With earnings resilient, dividends and buybacks can power attractive returns for investors.

HSBC Holdings: Strong Q3 Earnings And A Double-Digit Shareholder Yield

U.S.-listed shares of HSBC Holdings (HSBC) advanced Tuesday as the British financial firm's third-quarter results beat forecasts and it announced another $3 billion stock buyback.

HSBC Stock Rises as Results Top Forecasts, Bank Plans New $3B Buyback

HSBC Holdings PLC (LSE:HSBA) shares hit a six-year high after its third-quarter results received a warm welcome from investors and analysts who enjoyed the lending giant making hay while the sun shines. The performance was driven by its Wealth division, up 28%, said analyst Edward Firth at Keefe, Bruyette & Woods, along with strong new business flows in Life and robust Markets, up 13%.

HSBC's good times may not last for long, says analyst

HSBC's third-quarter 2024 results rise year over year on higher fee income, other operating income and lower ECL charges. Yet, high costs & lower NII are woes.

HSBC Q3 Pre-Tax Earnings Rise Y/Y as ECL Charges Decline, Stock Up

HSBC Holdings plc (NYSE:HSBC ) Q3 2024 Earnings Conference Call October 29, 2024 3:45 AM ET Company Participants Georges Elhedery - Group Chief Executive Jon Bingham - Interim Group Chief Financial Officer Conference Call Participants Andrew Coombs - Citigroup Aman Rakkar - Barclays Kunpeng Ma - China Securities Amit Goel - Mediobanca Gurpreet Singh Sahi - Goldman Sachs Jeremy Hugh - CICC Katherine Lei - JPMorgan Edward Firth - KBW Operator Welcome, ladies and gentlemen, to the Analyst and Investor Webinar on the 3Q 2024 Results for HSBC Holdings plc. For your information, this webinar is being recorded.

HSBC Holdings plc (HSBC) Q3 2024 Earnings Call Transcript

HSBC shares increased 4% on Tuesday as the British bank beat analysts' earnings expectations for the third quarter and launched another $3 billion share buyback plan.

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC has dropped its chief sustainability officer from its decision-making executive board, the bank confirmed on Tuesday as it released quarterly earnings, sparking concern it could become the latest bank to row back on its climate commitments.

HSBC drops sustainability chief from executive committee

HSBC shares rose on Tuesday as the bank announced a fresh $3 billion share buyback scheme and posted estimate-topping third-quarter numbers.

HSBC Pops Higher On Forecast-Beating Q3, New Buyback Programme

Serendipity Capital has appointed Colin Bell, the outgoing head of HSBC Europe, to its board as a non-executive director, the investment firm said on Tuesday.

Serendipity Capital appoints outgoing HSBC Europe head Colin Bell to board

HSBC Holdings PLC (LSE:HSBA) reported higher profits than forecast for the third quarter and announced a new $3 billion share buyback. Europe's largest lender reported a pre-tax profit of $8.5 billion, up over 6% compared to a year earlier and well ahead of the $7.6 billion consensus estimate.

HSBC profits rise more than expected, Elhedery keeps schtum on structural details

HSBC, Europe's largest bank, announced a $3 billion share buyback following an impressive third-quarter earnings report that exceeded analyst forecasts. This announcement, alongside a solid revenue increase, emphasizes HSBC's robust financial standing and strategic focus on enhancing shareholder value.

News for HSBC Holdings Stock (HSBC)