Risk Assets Still Have to Correct Lower - HSBC
By Sam Boughedda In a note to investors Wednesday, HSBC analyst Max Kettner said that they believe risk assets will still have to correct lower, and the firm remains firmly risk-off in its...
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HSBC News & Analysis
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HSBC fires London trader for phone messages showing comped tickets to sporting event, among others
HSBC pushed some traders and bankers to hand over their phones so they could examine business messages on platforms such as WhatsApp earlier this year.
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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.25%
Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Electrical, Industrial Transportation and Chemicals sectors propelled shares lower. At the close in...
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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 2.31%
Investing.com – U.K. equities were lower at the close on Monday, as losses in the Automobiles & Parts, Travel & Leisure and Electronic & Electrical Equipment sectors propelled shares...
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HSBC’s largest shareholder wants the bank to spin-off its Asia operations, in a move that could unlock $26.5 billion of market value
Executive at the British bank are fending off the push from Chinese insurance giant, Ping An, to separate HSBC's Western and Asian units.
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Bank of England Highlights Shortcomings at HSBC, Lloyds, Standard Chartered
The central bank found issues that could make orderly failures more difficult in a crisis, but also said banks are no longer too big to fail.
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Market Extra: Tiger Global is down 50%, but how is the rest of the hedge fund industry doing?
Macro funds are outperforming this year while performance among equity-focused funds has been decidedly mixed
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HSBC shuts down Hong Kong-based trade start-up Serai
HONG KONG (Reuters) – A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business,...
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IT workers quitting Big Tech for fintech
Staff at major banks and some of the world's biggest technology giants are increasingly leaving for fintech startups, new analysis shows.
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European Stock Futures Higher; Eurozone Manufacturing PMI Data in Focus
By Peter Nurse Investing.com - European stock markets are expected to open higher Wednesday, rebounding at the start of a new month with the focus on key manufacturing sector activity amid...
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HSBC to invest 3 billion yuan in Chinese business – Xinhua
HONG KONG (Reuters) – HSBC Holdings plans to invest more than 3 billion yuan($448 million) in its China operations, Chief Executive Noel Quinn told state news agency Xinhua, saying he...
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Exclusive-HSBC clients query bank on climate, one to review engagement – sources
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the...
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Big Dividend Payers May Be Next After UK Windfall Tax on Energy
(Bloomberg) -- U.K. Chancellor of the Exchequer Rishi Sunak just slapped a £5 billion ($6.3 billion) levy on energy companies to help fund support for Britons facing a cost-of-living crisis....
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European Stocks Higher; BT Group Struggles Over Investment Worries
By Peter Nurse Investing.com - European stock markets edged higher Thursday, with investors reacting cautiously as the minutes from the Federal Reserve's last meeting pointed to further...
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HSBC weighs IPO of Indonesia business – Bloomberg News
(Reuters) – HSBC Holdings PLC is considering an initial public offering of its Indonesian business, as the bank aims to target the growing investment demand in the country, Bloomberg...
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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.39%
Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Electrical, Automobiles & Parts and Travel & Leisure sectors propelled shares lower. At the close in...
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News24.com | HSBC suspends banker after 'nut job' climate change criticism
HSBC bank has suspended its head of responsible investing after he hit out at climate change warnings during a recent presentation, media reported Monday.
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HSBC Suspends Executive for Climate Comments
The remarks made by Stuart Kirk have drawn criticism from the bank’s CEO and environmental activists.
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HSBC suspends banker after climate risk comments-FT
(Reuters) – HSBC Holdings has suspended its head of responsible investing pending an internal investigation after he said central bank policymakers and other global authorities are...
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HSBC suspends senior executive after climate-change comments: report
Kirk's presentation was approved ahead of the conference, Financial Times reported.
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HSBC banker’s remarks on climate risk inconsistent with strategy, CEO says
(Reuters) – HSBC Holdings CEO Noel Quinn says his bank will not be distracted from its ambition to lead the global economy in the transition to net zero, after a senior executive said...
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Financial risks of climate change overplayed, senior HSBC banker says
By Lawrence White, Sinead Cruise and Simon Jessop
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HSBC cuts S&P 500 year-end target to 4,450 from 4,900 previously
Their previous call for 4,900 was set back in 10 January, so it comes before all the shenanigans involving the Russia-Ukraine conflict and China lockdowns. No doubt that the inflation...
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Euro on the Brink of Breaking Last Support Levels Before Parity
(Bloomberg) -- The euro is now on the cusp of breaking one of the last major support levels before it tumbles toward parity with the dollar. The shared currency slipped to a fresh five-year...
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HSBC hires Robey Warshaw to advise on Ping An break-up pressure
LONDON (Reuters) – HSBC has hired Robey Warshaw to assist an internal review into its strategy, after a push from its largest shareholder Ping An to spin off the lender’s Asian...
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Meta Platforms 'Stuck in the Real World' Says HSBC
By Sam Boughedda Investing.com -- Meta Platforms Inc's (NASDAQ:FB) price target was cut to $200 from $225 by HSBC analyst Nicolas Cote-Colisson on Thursday. The analyst, who has a Hold...
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HSBC launches $1 billion lending fund for female entrepreneurs
SINGAPORE (Reuters) – HSBC Holdings said on Thursday it was launching a $1 billion lending fund to invest in female-owned businesses over the next 12 months.
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Breaking Up HSBC Wouldn't Solve its Political Woes
Two different HSBCs—each with different, clearly defined constituencies— might find life easier in some ways. But a split wouldn’t defuse the biggest political land mines.
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HSBC expects euro-dollar parity by Q4 2022
LONDON (Reuters) – HSBC on Thursday sharply cut its forecast for the euro and said it expects the single currency to weaken to parity against the U.S. dollar this year, the first major...
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HSBC revises EUR/USD year-end forecast to parity
Well, they are the first major investment bank to be calling for parity in EUR/USD. On the revision, the firm argues that:"The euro has already faced more downward pressure than we expected,...
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StanChart CEO says bank’s global focus still valid amid calls for HSBC break-up
By Iain Withers LONDON (Reuters) – Standard Chartered Chief Executive Bill Winters said the merits of a UK-based, Asia-focused bank remain valid in the face of “unpredictable”...
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European Stocks Edge Lower; New EU Sanctions Target Russian Oil
By Peter Nurse Investing.com - European stock markets edged lower Wednesday after the European Union proposed new sanctions on Russia, including on Moscow's oil, escalating the geopolitical...
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HSBC launches $1 billion planned share buyback
LONDON (Reuters) – HSBC has kicked off its planned $1 billion share buyback on Wednesday, as it seeks to redeploy excess capital and reward shareholders.
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HSBC Shares Rise in Hong Kong as Top Holder Supports Split
(Bloomberg) -- HSBC Holdings Plc (LON:HSBA) shares in Hong Kong rose after it emerged late Friday that the bank’s largest active investor would support a breakup of the lender on the...
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European Stocks Largely Higher; BP Raises Buyback Despite Russia Loss
By Peter Nurse Investing.com - European stock markets traded largely higher Tuesday, with oil major BP (NYSE:BP) leading the corporate earnings slate ahead of policy-setting meetings by key...
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European Stock Futures Higher; HSBC Linked With Breakup
By Peter Nurse Investing.com - European stock markets are expected to open higher Tuesday, starting the new month on a positive note as investors await more corporate earnings and the...
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HSBC shares set to open steady after top shareholder calls for bank’s break-up
SINGAPORE (Reuters) – Shares in HSBC Holdings were set to open flat in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An, called for a break-up of...
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HSBC to relocate U.S. HQ to Tishman Speyer’s The Spiral in Manhattan
(Reuters) – British banking giant HSBC Holdings Plc’s U.S. arm said on Monday it will relocate its headquarters to real estate developer Tishman Speyer’s new tower under construction in...
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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.04%
Investing.com – U.K. equities were higher at the close on Tuesday, as gains in the Oil & Gas Producers, Industrial Metals & Mining and Gas, Water & Multiutilities sectors propelled shares...
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Banks Cheer Higher Margins After Years of Rock-Bottom Rates
(Bloomberg) -- After years of low or even negative benchmark rates, Europe’s lenders are finally getting a much-anticipated boost as central banks across the world tighten monetary policy to...
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HSBC Earnings miss, Revenue beats In Q1
Investing.com - HSBC reported on Tuesday first quarter {{erl-280||earnings that missed analysts' forecasts and revenue that topped expectations. HSBC announced earnings per share of...
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HSBC ADR Earnings, Revenue miss In Q1
Investing.com - HSBC ADR reported first quarter {{erl-20871||earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts. The firm reported earnings per...
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European Stock Futures Higher; HSBC, UBS Post Quarterly Results
By Peter Nurse Investing.com - European stock markets are expected to open higher Tuesday, rebounding to a degree from the previous session’s sharp losses, as investors digest key quarterly...
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Europe’s $5 Trillion Earnings Week Kicks Off as Stocks Stutter
(Bloomberg) -- Europe rings in its busiest reporting week so far this year, with almost a third of Stoxx Europe 600 Index companies updating on earnings and sales as investors look for a...
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Top 5 Things to Watch in Markets in the Week Ahead
By Noreen Burke Investing.com -- Investors will be eyeing a deluge of earnings in the coming week, including reports from tech titans Apple, Microsoft, Amazon and Google parent Alphabet amid...
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