HSBC Stock Recent News

HSBC Holdings PLC (LSE:HSBA)-owned First Direct has begun offering £175 in cash once again to tempt customers towards its current accounts. Offers of free cash to switch to First Direct had been withdrawn four weeks after being launched in late March, with the bank highlighting significant take-up.

HSBC Holdings PLC (LSE:HSBA)'s largest Asia-based investor reportedly voted against reappointing outgoing chief executive Noel Quinn to the bank's board of directors. China's Ping An Insurance Group voted against the move at last Friday's annual shareholder meeting, according to Reuters, in protest of Quinn's leadership.

HSBC Holdings Plc's biggest Asian investor, China's Ping An Insurance Group Co, voted against the reappointment of departing chief executive Noel Quinn as a director at the bank's shareholder meeting, Bloomberg News reported on Saturday.

HSBC UK said on Saturday that it was aware of intermittent disruption to its clients' personal mobile and online banking, adding that its debit cards, credit cards, digital wallet and ATMs remained functional.

HSBC is in a strong position to continue paying robust dividends to shareholders despite an uncertain global economic outlook and central bank policy moves, its chairman Mark Tucker said at the bank's annual shareholder meeting on Friday.

Activist shareholders are pressing HSBC to clarify plans to spend up to $1 trillion on sustainable finance in the coming years.

Steven Major, HSBC Global Head of Fixed Income Research, discusses Fed moves, bond yield and inflation numbers. He speaks with Vonnie Quinn on Bloomberg Daybreak: Middle East & Africa.

HSBC Holdings said on Thursday it had kept its best lending rate in Hong Kong at 5.875%, after the city's de facto central bank kept unchanged the base rate charged through its overnight discount window, tracking the U.S. Federal Reserve's decision to keep rates steady.

Ryan Wang, HSBC chief U.S. economist, joins 'Money Movers' to discuss why Wang believes the Federal Reserve could cut rates in June, whether the Fed needs more evidence to cut rates, and what could set the table for a wave of layoffs.

The Federal Reserve is set to announce its decision on interest rates Wednesday afternoon, so what does this mean for markets? HSBC Global Private Banking Global Chief Investment Officer Willem Sels joins The Morning Brief to discuss the potential market fallout from the Fed's communication.