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.
AI adoption in banking not a race but a question of trust: HSBC exec
AI adoption in banking not a race but a question of trust: HSBC exec
AI achievers enjoyed 50% greater revenue growth on average, according to Accenture.
Less than 10% of global energy financing went to renewables: study
Of the $2.5t funneled to energy firms, only $178b were for clean energy activities, the report said.
HSBC to stop funding new oil and gas projects: report
They will continue to finance energy companies at a corporate level to help them transition.
DBS Hong Kong names Wallace Nam as head of institutional banking
Prior to joining DBS, Nam served various leadership roles in HSBC.
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.
HSBC to close 114 branches in the UK
Some of the closing branches serve less than 250 customers a week.
HSBC Global Private Banking launches discretionary digital platform in Asia
It makes use of building blocks to construct clients’ portfolios.
HSBC taps former Citi head to lead its wealth and personal banking business
Ashmita Acharya will take over the post on 18 January 2023.
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.
HSBC names Sharnika Silva as SEA head of trust and fiduciary services
She has worked with HSBC Trustee for 15 years.
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.
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b.
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.
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