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 Holdings plc (NYSE: HSBC) is considering a complete exit from retail banking operations in the U.S., the Financial Times reports. Senior management is expected to present a plan to the board in the coming weeks.

HSBC Mulls Exiting US Retail Banking Operations: Report

HSBC Group is considering shuttering its U.S. retail banking operations after four decades trying to build a strong presence in the country, the Financial Times (FT) reported. FT based its report on unnamed sources, stating the bank is weighing "a complete exit from retail banking in the U.S. after narrowing the options for how to […]

HSBC Weighs Shutting US Retail Banking Unit

HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday, citing people familiar with the situation. https://on.ft.com/37j4470

HSBC considers exit from U.S. retail banking - FT

HSBC stock has 35% upside (to pre-crisis level) in 1-2 years as the lower interest rate environment improves and GDP sees some recovery, leading to a growth in total loans and net interest income. HSBC stock currently trades near $27 and it has lost around 32% in value so far this year.

Invest In HSBC Stock For 35% Gains

HSBC has launched its new HSBC Open Payments solution, which will enable companies to install alternatives to debit or credit for customers to pay for things, according to an emailed press release. The HSBC Open Payments application will let businesses connect their checkout pages with the customers' online apps or app-based mobile platform.

HSBC Debuts Open Payments Platform For eCommerce As Alternative To Debit, Credit

NEW YORK, Nov. 25, 2020 /PRNewswire/ -- HSBC Holdings plc (the 'Company,' 'we' or 'us') today announces the results of its previously announced nine separate offers to purchase for cash any and all of the outstanding series of notes listed in the table below. We refer to the outstanding...

HSBC Holdings plc Announces Results Of Its Tender Offers For Nine Series Of Notes

HSBC shares have advanced from $21.3 above $26.7 since the beginning of November and the current price stands around $26.6. HSBC shares could be a good long-term investment and the technical picture implies that the price may advance even more.

HSBC shares are down 34% YTD. Should I invest?

NEW YORK, Nov. 24, 2020 /PRNewswire/ -- On November 17, 2020, HSBC Holdings plc (the 'Company,' 'we' or 'us') launched nine separate offers to purchase for cash any and all of the outstanding series of notes listed in the tables below. We refer to the outstanding notes listed in the...

HSBC Holdings plc Announces Pricing Terms of its Tender Offers for Nine Series of Notes

HSBC is introducing a new real-time payments tool that will enable its 14 million international customers to transfer funds through a single account in 20 countries around the globe. “As the world's leading international bank, it is our ambition to put banking in our customers' pockets, and create a top-tier borderless banking experience that lets […]

HSBC Introduces New Real-Time Global Payments Tool

NEW YORK--(BUSINESS WIRE)--HSBC Bank USA, N.A., (HSBC), part of the HSBC Group, today announced the launch of its newest real-time payments offering. HSBC's Global Money Account allows its international customer base to hold, manage and send money across various currencies to 14 million HSBC customers in 20 countries worldwide through a single account 24/7. There are no fees associated with Global Money transfers, giving customers a faster and more cost-effective payment option. “As the world's

HSBC Bank Launches Single Global Account and Real-Time Payments Platform: HSBC Global Money Account

NEW YORK, Nov. 18, 2020 /PRNewswire/ -- On November 17, 2020, HSBC Holdings plc (the 'Company', 'we' or 'us') launched nine separate offers to purchase for cash any and all of the outstanding series of notes listed in the table below. We refer to the outstanding notes listed in the table...

HSBC Holdings Plc Announces Total Available Amount For Tender Offers

Banking giant HSBC has told its 30,000 staff in Hong Kong that they can now work up to four days a week from home, according to an internal staff memo. The banking giant told staff they had three options, per Bloomberg. 

HSBC staff in Hong Kong can now reportedly work 4 days a week from home — and they'll get a $322 allowance to set up a home office

To simplify banking for small- to medium-sized businesses (SMBs) in the United States, HSBC is rolling out a new service with Biz2Credit. The financial institution is harnessing Biz2Credit's Biz2X Platform as part of the HSBC Fusion program to accelerate the approval of credit applications for SMBs throughout the nation, according to a Thursday (Nov. 12) […]

HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Wells Fargo

JPMorgan (JPM) slipped to join Citi (C) and HSBC (HSBC) on the 2020 G-SIB list. Goldman Sachs (GS) and Wells Fargo (WFC) dropped to the lowest bucket on the list.

FSB Issues the 2020 G-SIB List: Are Banks Less Risky Now?

In an announcement on Tuesday, HSBC Holdings plc (LON: HSBA) said that its net profit posted a decline in the fiscal third quarter. The company attributed the decline to its revenue that was under pressure in Q3 due to the Coronavirus pandemic that resulted in lower interest rates.

HSBC's net profit slides 54% in the fiscal third quarter

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

HSBC Q3 Pre-Tax Profit Decreases Y/Y on Decline in Revenues

Banco Santander

After Barclays kicked off earnings season for European banks late last week with forecast-beating profits, it's now HSBC and Santander's turn.

2 of Europe's biggest banks are taking the ax to costs. They just reported estimate-beating performance

HSBC Holdings plc (HSBC) CEO Noel Quinn on Q3 2020 Results - Earnings Call Transcript

Well-received third-quarter results from heavyweights HSBC Holdings and BP helped nudge U.K. blue chips higher on Tuesday to outperform European rivals.

London Markets: HSBC and BP help FTSE 100 outperform European rivals

HSBC is speeding up its mammoth restructuring plan as the bank continues to grapple with ongoing headaches, from ultra-low interest rates and geopolitical tensions to the economic impact of the coronavirus pandemic.

HSBC plans to speed up restructuring as profits drop 36%

HSBC Holdings Plc (NYSE: HSBC) shares surged in the pre-market session Tuesday as the bank beat analyst estimates for the third-quarter earnings. Q3 revenue dropped to $11.9 billion marking an 11% decrease year-over-year.

Why HSBC Shares Are Trading Higher In Tuesday's Pre-Market Session

HSBC reported an 11% drop in revenue and a 36% slide in pre-tax profits for the third quarter on Thursday. Europe's biggest bank also lowered its expected credit losses by almost $100 million to below $800 million, and will consider paying a "conservative dividend" to shareholders this year. "I'm pleased with the significantly lower credit losses in the quarter, and we are moving at pace to adapt our business model to a protracted low interest rate environment," CEO Noel Quinn said in the earnings release. HSBC shares rose as much as 5%. Visit Business Insider's homepage for more stories. HSBC's posted lower revenue and profits in the third quarter as the coronavirus pandemic weighed on its operations. However, Europe's biggest bank also disclosed lower credit losses than expected in its earnings on Monday, and raised the prospect of a "conservative dividend" for shareholders this year, sending its shares up as much as 5% in London.

HSBC shares jump 5% after Europe's biggest bank reports slimmer credit losses and signals it could pay a dividend this year

HSBC Holdings PLC posted a 35% drop in quarterly profit, better than expected, as higher loan loss provisions on the economic fallout from the coronavirus pandemic were cushioned by the reining in of expenses.

HSBC third-quarter profit tumbles 35% as bad loan provisions rise

The bank is expected to release its financial report card for the July-to-September quarter at 12 p.m. HK/SIN.

HSBC is set to report third-quarter earnings today. Here's what to expect

Australia's Queensland state and HSBC said on Thursday they will make a "world-first investment" to protect the world-heritage listed Great Barrier Reef which is suffering from extensive coral bleaching events.

News for HSBC Holdings Stock (HSBC)