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.

DBS Hong Kong names Wallace Nam as head of institutional banking

Prior to joining DBS, Nam served various leadership roles in HSBC.
5 days ago

DBS Hong Kong names Wallace Nam as head of institutional banking

Prior to joining DBS, Nam served various leadership roles in HSBC.
5 days ago

HSBC sells Canadian banking operations to Royal Bank of Canada for $10.1b

The bank expects to generate an estimated pre-tax gain of $5.7b.
5 days ago

HSBC to close 114 branches in the UK

Some of the closing branches serve less than 250 customers a week.
5 days ago

HSBC Global Private Banking launches discretionary digital platform in Asia

It makes use of building blocks to construct clients’ portfolios.

HSBC Global Private Banking launches Chengdu, Hangzhou units

The newly established teams are comprised of relationship managers and investment counselors.

Banks’ commercial real estate woes in China to persist for two more years: report

Property developers just posted their worst first-half earnings in over a decade.

Financing platform Funding Societies clinches US$50m loan with HSBC SG

It will use the money to extend more loans to SMEs in Southeast Asia.

Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent

HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring.

HSBC appoints Shayan Hazir as Chief Digital Officer for ASEAN

The former GLMC head has over 18 years of bank leadership experience under HSBC.

HSBC to meet Hong Kong retail investors after spurning break up call

This comes a day after HSBC promised higher dividends.

HSBC profit after tax rose to $9.2b in H1

The board has approved an interim dividend of $0.09 per ordinary share for the period.

Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring

And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.

How Singapore banks are closing the gender gap

Most banks have already exceeded the 2021 regional average of 18.5% employed women per firm.

HSBC renews bancassurance partnership with Allianz

It will cover six markets, with HSBC and Allianz offering life and non-life products.

Does geopolitics heighten risks of an East-West divide in the financial industry? 

HSBC’s potential Asia split may signal that decoupling between the West and China is growing.