Hong Kong has started the trial operation of its new gold central clearing system, backed by several major banks, in a key move that could strengthen the city's push to become a major bullion-trading hub with greater price-setting influence. The system introduces HAU, a new gold price benchmark tha…
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HSBC LSE:HSBA said on Tuesday it had launched a review of its Turkish retail and corporate banking business and was considering all options, as part of its global drive to simplify its business and exit markets where it considers itself too small.The review does not include wholesale banking activi…
By Tommy Reggiori WilkesHSBC LSE:HSBA said on Tuesday it had launched a review of its Turkish retail and corporate banking business, as part of its global drive to simplify its business and exit markets where it is sub-scale.The review does not include wholesale banking activities such as investmen…
Bindu RaiHSBC has made new leadership appointments for its leveraged and acquisition finance, equity capital markets, and mergers and acquisitions divisions in Saudi Arabia.Andrew Pedder will lead as the Head of Leveraged and Acquisition Finance, Saudi Arabia, joining the bank in August, according…
HSBC LSE:HSBA is halting lending to riskier private credit clients after high-profile bankruptcies cast doubt on underwriting standards in the sector and pushed banks to cut their exposure, the Financial Times reported on Tuesday, citing three people familiar with the matter.The bank has told some…
By Shamsuddin Mohd and Federico MaccioniHSBC LSE:HSBA has appointed three senior bankers to its Capital Markets and Advisory team in Saudi Arabia, as the lender continues to strengthen its franchise in the Gulf and wider Middle East and Turkey region, according to an internal memo seen by Reuters o…
Many central banks in Asia are likely to further tighten their monetary policy in 2H, amid risks driven by El Nino and artificial intelligence, HSBC economists say in a note. In India, El Nino risks are expected to lift food inflation, hitting rural workers and urban informal workers. The Philippin…
RNS Number : 0390L HSBC Bank plc 03 July 2026 3 July 2026HSBC BANK PLCISSUANCE OF NOTESAND ADMISSION TO TRADINGOn 3 July 2026, HSBC Bank plc issued the Notes (as defined below) under its Notes and Warrants Programme (the "Programme").In accordance with PRM 1.5.2R and PRM 1.5.3R of the Financial…
RNS Number : 8557K HSBC Holdings PLC 02 July 2026 NOTICE OF REDEMPTIONDated 2 July 2026US$2,300,000,000 5.887% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027 (CUSIP No. 404280DZ9; ISIN: US404280DZ92)* (the 'Fixed/Floating Rate Notes') and US$700,000,000 Floating Rate Senior Unsecured…
Italy's biggest bank Intesa Sanpaolo MILSEDEX:I05808 on Thursday said it had completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology.
JPMorgan NYSE:JPM on Wednesday named Rahul Badhwar as senior country officer for India, according to a statement.Badhwar was previously the global head of corporate sales, markets and securities services at HSBC LSE:HSBA. He will report to Sjoerd Leenart, the CEO for Asia Pacific at JPMorgan.In Mar…
By Colleen GokoSouth Africa's Constitutional Court ruled on Tuesday that competition authorities can pursue forex-rigging claims against six banks including JPMorgan Chase NYSE:JPM, BNP Paribas EURONEXT:BNP and HSBC LSE:HSBA, clearing the way for a full hearing of allegations that global lenders co…
HSBC Holdings PLC ADR (HSBA): Bloomberg says Emirates NBD is in talks to buy HSBC’s Turkey unit, signaling potential divestment of the Turkish business; deal discussions ongoing.HS
India's manufacturing PMI eased to 54.2 in June from 55.0 in May, according to the purchasing managers survey compiled by S&P Global and HSBC. Growth of new orders and output were among the weakest in four years, while international sales rose at the softest pace since March 2023, the data show. "T…
By Colleen GokoSouth Africa's Constitutional Court ruled on Tuesday that competition authorities can pursue forex-rigging claims against six banks including JPMorgan Chase NYSE:JPM, BNP Paribas EURONEXT:BNP and HSBC LSE:HSBA, clearing the way for a full hearing of allegations that global lenders co…
RNS Number : 4382K HSBC Holdings PLC 30 June 2026 HSBC HOLDINGS PLC30 June 2026Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")The following transactions of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company"), relates to the addit…
By Barbara KollmeyerHSBC sees no sign of 'exuberance' in the valuations of artificial-intelligence stocksInvestors doubt the strength and endurance of artificial-intelligence stocks against evidence to the contrary, say HSBC strategists.Barring a dramatic nosedive, the S&P 500 and Nasdaq Composite…
Standard Chartered LSE:STAN has appointed Margaret Harwood-Jones as its CEO for Europe and the UK, a newly created role overseeing both markets as the bank tries to expand its business there, the lender said on Tuesday.The appointment comes as StanChart tries to win more cross-border business from…
