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.

HSBC sells Argentina banking operations with $1b loss

Grupo Financiero Galicia will be paying $550m for the unit.
7 hours ago

HSBC sells Argentina banking operations with $1b loss

Grupo Financiero Galicia will be paying $550m for the unit.
7 hours ago

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.

HSBC profit before tax is $30.3b in 2023

But the bank also had a $3b impairment charge related to the Bank of Communications.

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.

HSBC names Lok Yim as regional head of APAC global private banking

Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.