HSBC
London-headquartered and Shanghai Banking Corporation, or HSBC, is one of the world's biggest financial institutions. Founded on 1865 in Hong Kong, it is now the second largest bank in Europe, just behind BNP Paribas.
See below for the Latest HSBC News, Analysis, Profit Results, Share Price Information, and Commentary.
Hong Kong investment bankers risk losing jobs as banks cut costs: report
About 200 bankers in the city have reportedly lost their jobs in the past year.
3 days ago
Hong Kong investment bankers risk losing jobs as banks cut costs: report
About 200 bankers in the city have reportedly lost their jobs in the past year.
3 days ago
HSBC sells Argentina banking operations with $1b loss
Grupo Financiero Galicia will be paying $550m for the unit.
Empathy deficit erodes customers’ trust in banks
Customers who feel valued are willing to spend more for banking products.
Weekly Global News Wrap: HSBC may receive just $21.7m from Russia sale; 282 US banks at risk
And Japan’s small businesses, homeowners brace for life after the interest rate policy shift.
Allianz Life, HSBC Malaysia unveil two new investment-linked funds
Its fund manager is BlackRock.
HSBC profit before tax is $30.3b in 2023
But the bank also had a $3b impairment charge related to the Bank of Communications.
Weekly Global News Wrap: HSBC gets approval to sell Russia unit; Chinese banks approve $17b property loans
And China cuts 25 basis points to five-year loan prime rate (LPR).
HSBC to distribute Schroders multi-asset income fund
The launch of the fund comes as a response to the current high inflation and interest rate environment.
HSBC launches Premier Elite for high-value customers
The bank collaborated with actor and director Stephen Fung for its launch campaign.
Weekly Global News Wrap: Citi to exit distressed-debt trading business; Korea seeks to fine HSBC, BNP Paribas
And Germany seizes $790m from the bank account of a Russian financial institution.
Hong Kong, Thailand launch cross-border QR payment service
HSBC and Bangkok Bank serve as settlement banks.
HSBC SG's Tancy Tan on balancing risk and innovation in AI adoption
COO Tancy Tan says the bank currently runs over 100 use cases for generative AI.
HSBC Singapore appoints new head of commercial banking
She previously held the role of head of global banking.
HSBC SG unveils blockchain workflow solution for property developers
It enables developers to fully automate their payments and digitalise their workflows.
Financial fitness is a major factor when it comes to the quality of life: Study
Developed markets scored lower than those in emerging markets.
HSBC earmarks $1b to support climate tech start-ups
They hope to fund start-ups offering a range of climate tech solutions.
HSBC taps 8 ex-Credit Suisse bankers for equities business: report
Appointments were for Hong Kong, London, New York, and Mumbai.
Commentary
Beyond the Hype: Building Trust in Generative AI for a Secure Financial Future
Empowering green growth through sustainable finance in Bangladesh
The Transformative Power of Finance for the People