HSBC Stock Recent News

Pranjul Bhandari of HSBC says the next Indonesian administration under Prabowo Subianto can stay fiscally prudent if it repurposes budget channels.

HSBC shares have surged 17% since selling its Canadian business to RBC for C$13.5B. The deal aligns with HSBC's strategy to focus on Asia while boosting investor returns.

HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender's ambition for the unit, several sources said.

HSBC aims to double its private client business in Canada as the Canadian private wealth management market offers an attractive opportunity for the company.

Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC's senior banker level as part of a plan to save up to $300 million.

HSBC Holdings PLC (LSE:HSBA) is reportedly close to axing some of its most highly paid senior bankers to try and cut up to $300 million of costs. After taking over as chief executive last month, Georges Elhedery is working on a merger of the lender's commercial banking division and its global banking and markets unit, the Financial Times reported today.

PARIS, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Bankinter S.A.  Post Stabilisation Notice HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

"Candidly, there's a lot of success theater out there" when it comes to applying artificial intelligence in banking, HSBC's head of generative AI said at a tech event in London this week. Achtner's comments come as other figures in the financial services sector — particularly leaders at startup firms — have made bold statements about the level of overall efficiency gains and cost reductions they are seeing as a result of investments in AI.

With third quarter earnings season set to kick off this week, Willem Sels, HSBC global CIO of global private banking and wealth, joins Catalysts to break down what investors should be watching. "The earnings season has actually a relatively low bar in the third quarter.

PARIS, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Banque Fédérative du Crédit Mutuel ("BFCM")