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.

Earnings data Q1 2021

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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 Holdings (HSBC) is in advance discussions with Cerberus in regard to the divestiture of its French retail business. This is part of the bank's streamlining initiatives.

HSBC in Final Talks to Sell French Retail Unit to Cerberus

The Chinese telecommunications giant Huawei is suing HSBC in Hong Kong after a case it brought in English courts was dismissed.

Huawei sues HSBC for documents US 'wilfully withheld' in extradition request

KeyCorp

Regions Financial

These three banks still have a chance of being a part of some deal and would really change the regional banking landscape.

3 Acquisitions That Could Shake Up the Regional Banking Space

HSBC PLC (LON:HSBA) dipped 4% to 427.6p before close as the banking sector continued to be damaged by bond yields losing ground. The bank was the largest faller in the FTSE 100 index after Investec downgraded it to ‘sell'.

HSBC dips pressured by bond yields, COVID-19 case in Hong Kong office

HSBC said on Thursday it plans to end funding for coal-fired power and thermal coal mining projects by 2030 in developed economies by 2030 and worldwide by 2040, in response to pressure from investors. Non-profit shareholder ShareAction had previously deemed HSBC's climate change statement of ambition unconvincing and proposed their own motions for the upcoming annual general meeting at Europe's largest bank.

HSBC will end all funding for the coal industry by 2040, narrowly avoiding revolt among climate conscious-investors

Is it just propaganda, or does it actually mean anything? HSBC Holdings PLC (LON:HSBC) has given itself nineteen years to extract itself from the business of coal mining globally, according to a resolution that will be tabled at its upcoming annual general meeting.

HSBC is being bounced out of coal, apparently. Or is it?

HSBC PLC (LON:HSBA) said it will propose a special resolution on climate change at the Annual General Meeting on May 28. The bank expects to provide between US$750bn and US$1 trillion in financing and investment to help its customers decarbonise as it eyes an opportunity for long-term, sustainable growth.

HSBC to invest up to US$1 trillion to help customers decarbonise

HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing world by 2040, the bank said on Thursday, bowing to investor pressure to toughen its stance on fossil fuel financing.

HSBC toughens stance on fossil fuel funding after shareholder heat

HSBC's ratings have been placed in review for a possible downgrade by Moody's Investors Service on dismal profitability and prevailing obstacles in improving the same.

HSBC Ratings Placed Under Review for Downgrade by Moody's

HSBC will be a beneficiary of rising rates from exposure to short-dated government bonds, as net interest income will materially recover. We do have concerns over expected credit losses from the UK retail business, but the bank has signaled conservative assumptions over ECLs.

HSBC: Rate Sensitivity And Improving Shareholder Returns

VANCOUVER, British Columbia--(BUSINESS WIRE)--HSBC Global Asset Management announces changes to some of its funds

HSBC Global Asset Management Announces Changes to Some of Its Funds

HSBC Holdings (HSBC) mulls to expand operations in Asia by hiring more wealth planners for its wealth management business, along with plans of $3.5 billion investment in the region.

HSBC Holdings (HSBC) Aims Expansion in Asia, Hires New Staff

The decision accelerates a shift away from its beleaguered US operations and follows the shuttering of 80 branches across the country in 2020. HSBC is considering selling its remaining 150 US locations to enable its broader focus on Asia. It plans to invest around $6 billion into the region over the next five years and allocate half of its total capital there in the next three to six years. HSBC is doubling down on its China and Hong Kong roots—and Insider Intelligence believes that the region's outsized importance could create significant opportunities for growth and profitability.

HSBC to exit its US retail banking business in search of increased profitability

Barclays

HSBC and Barclays, which have pledged to stop financing new coal projects, have been challenged by a legal group over a Japanese bond it says will contribute to the financing of coal-fired power in Vietnam.

HSBC, Barclays challenged over bond linked to Vietnamese coal project

HSBC Holdings PLC (HSBC) CEO Noel Quinn on Q4 2020 Results - Earnings Call Transcript

HSBC records a decline in revenues along with lower expenses in the fourth quarter of 2020.

HSBC Q4 Pre-Tax Profit Improves Y/Y, Revenues & Costs Decline

Europe's biggest bank unveiled plans to invest $6 billion in the region, after reporting a 34% slump in annual profits.

HSBC Ramps Up ‘Pivot to Asia' as Annual Profits Fall 34%

HSBC PLC (LON:HSBA) said today it remains committed to its flagship London office at Canary Wharf but will cut office space elsewhere by 40% as part of its cost-saving drive. Noel Quinn, chief executive, told analysts in a meeting after results today that the reductions would come from leases not being renewed rather than shutting branches or its London HQ.

HSBC to slash office space but committed to Canary Wharf

HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between the United Kingdom and China. It's also bringing back its dividend, a sign that it's optimistic about its ability to navigate the year ahead.

HSBC is pushing even harder into China and India

HSBC Holdings plc (LON: HSBA) said on Tuesday that it will invest another £4.26 billion over the next five years in Asia, in a bid to double down its core business. CEO Noel commented on the announcement and said: “We plan to focus on and invest in the areas in which we are the strongest.

HSBC says its earnings slid 35% in 2020 due to the COVID-19 disruptions

HSBC posted a 14% slump in adjusted revenue last quarter, as rock-bottom interest rates weighed on its operations. Combined with a 60% surge in credit-impairment charges to $1.2 billion due to significant economic uncertainty in the UK, the result was a 50% plunge in adjusted pre-tax profits to $2.2 billion. Europe's biggest bank suffered an 8% drop in adjusted revenue for the full year, and a 45% decline in adjusted pre-tax profits to $12.1 billion. Moreover, its credit-impairment charges surged by about 226% to $8.8 billion.

HSBC's profits plunge 45% as low interest rates and bad loans take their toll

HSBC plans to nearly halve its office space globally over the long term as part of a renewed cost-cutting drive set out on Tuesday, in a further sign the COVID-19 pandemic is leading companies to make drastic changes to working patterns.

HSBC plans to nearly halve office space over long term

HBSC PLC's (LON:HSBC) profits and revenues fell in 2020 while the bank also cut its long term targets due to the low-interest-rate environment. As expected, HSBC confirmed its future focus will be pointed even more towards Asia though there was no decision on the US retail banking business, where speculation had been it would shut down.

HSBC confirms focus shift towards Asia as profits tumble

More executive roles are expected to relocate to home base of Hong Kong as part of Asia shift, where most of its earnings come from

HSBC looks to Asia after profits plunge 34%

VANCOUVER, British Columbia--(BUSINESS WIRE)--HSBC Bank Canada Full Year and Fourth Quarter 2020 Results; Balance sheet strength and resilient performance despite COVID-19 headwinds

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