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HSBC has reaffirmed its buy rating on discoverIE Group plc following the company's capital markets day (CMD) on 11 September. Despite some observable short-term risks, the bank pointed to discoverIE's “attractive” valuation, underpinned by an 8-9% free-cash-flow yield at the current share price of 603p.
HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand , the country's largest lender by market value, Bloomberg News reported on Friday, citing people with knowledge of the matter.
James Pomeroy, chief economist at HSBC, says recent data prints show that an aggressive cutting cycle is not required from the U.S. Federal Reserve.
HSBC has launched a strategic review of its Malta business, the British bank said in a stock exchange filing on the local bourse on Wednesday, in a process which often leads to the sale or disposal of the asset under review.
HSBC is on a hiring spree to recruit hundreds of bankers to serve rich clients in the U.K. as it seeks a larger share of the region's wealth management market.
HSBC contemplates realigning its Commercial Banking and Global Banking and Markets divisions to trim costs and improve operating efficiency.
Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations. The plan is part of new CEO Georges Elhedery's effort to eliminate overlapping roles across the company and reduce expenses, Bloomberg reported Monday (Sept.
HSBC Holdings PLC (LSE:HSBA) is reportedly considering merging its commercial and investment banking divisions in a bid to cut costs. This would see overlapping roles axed, according to Bloomberg, in new chief executive Georges Elhedery's first major move since taking charge earlier this month.
HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, Bloomberg News reported on Monday, citing people familiar with the matter.
Steven Major, global head: fixed income research at HSBC, explains why he remains bullish on bonds and how he views the coming rate cut cycle. -------- More on Bloomberg Television and Markets Like this video?