HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock News

HSBC’s Dream of Rivaling Wall Street Was Unlikely. Now It’s Over

For years HSBC Holdings Plc harbored dreams of becoming a major player on Wall Street and in the City of London. This week, it finally called time on those ambitions.

Analysis-HSBC's global brand in the balance as it doubles down on Asia bet

HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders and senior Chinese officials that he spoke for all UK businesses present in hoping for stronger economic ties. Tucker, chairman of Europe's largest bank, was flanked by UK finance minister Rachel Reeves, who had invited him to lead a delegation aimed at enlisting Chinese support for Britain's growth agenda. Just a few weeks later, the lender would reveal plans to wind down its mergers and acquisitions and equity capital businesses in Europe and the Americas, capitulating to Wall Street rivals who have dominated the scene in recent years.

What's Going On With HSBC Holdings Stock Today?

HSBC announces major cuts to its investment banking operations in the UK, Europe, and Americas, focusing on more profitable areas.

I Own 4 High-Yield Dividend Stocks. Here's Why I Own Each One.

HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.

Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.

HSBC to shutter some investment banking units in Europe, US

The bank is focusing on its core operations in Asia and the Middle East.

Exclusive-HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows

HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo showed on Tuesday. The bank said it would retain "more focused M&A and Equity Capital Markets capabilities in Asia and the Middle East".

HSBC to Shutter Some Investment Banking Units in Europe, US

HSBC Holdings Plc will wind down some of its investment banking operations in Europe, the UK and the Americas as part of Chief Executive Officer Georges Elhedery’s ongoing restructuring of the lender.

India’s Economic Activity Moderates in January, Flash PMIs Show

India’s private sector companies started 2025 with a slowdown in growth with services sector losing momentum even as manufacturing activity remained strong, a flash survey by HSBC Holdings Plc showed.

HSBC is thinking globally, but acting locally, to build 'Innovation Banking' from the Bay Area

HSBC's payments app closure puts around 400 jobs at risk, source says

HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts at Europe's largest bank. The staff at risk of redundancy will be informed from Thursday, according to the source, who said the approximate 400 figure included a substantial number of non-HSBC external customer support staff. A spokesperson for HSBC declined to comment.

HSBC unveils HyQ, a 25-storey office tower in Qianhai to drive cross-border collaboration

HSBC Holdings unveiled a 25-storey office tower in Shenzhen's Qianhai economic zone, presenting it as a cornerstone of the bank's commitment to the development of the Greater Bay Area. The HyQ tower, in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, is the bank's first wholly owned building in southern China and involved an investment of more than 4 billion yuan (US$550 million). HSBC bought the building from New World Development in 2021 for 3.2 billion yuan. The build

Sunway Healthcare Picks Banks for What Could Be Biggest Malaysia IPO in Years

Sunway Bhd. has picked banks including HSBC Holdings Plc and Malayan Banking Bhd. to help arrange an initial public offering of its health-care business, people familiar with the matter said, in what could be Malaysia’s biggest initial public offering in a decade.

Sunway Healthcare Picks Banks for What Could Be Biggest Malaysia IPO in Years

(Bloomberg) -- Sunway Bhd. has picked banks including HSBC Holdings Plc and Malayan Banking Bhd. to help arrange an initial public offering of its health-care business, people familiar with the matter said, in what could be Malaysia’s biggest initial public offering in a decade.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageNY’s Hochul

Apple downgraded, Intel upgraded: Wall Street's top analyst calls

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HSBC Said to Explore Options for Consumer Banking in Australia

HSBC Holdings Plc is studying options for its consumer banking business in Australia including a potential sale as the bank looks to further slim down its operations, according to people with knowledge of the matter.

Fired HSBC Trader Drops UK Suit Over ‘Career Ending’ Dismissal

An ex-HSBC Holdings Plc trader fired for using his work phone to discuss supplying drugs withdrew his lawsuit from a London court days after the trial started.

Ex-HSBC Trader Loses €1.4 Million Lawsuit Over Broker Fee Alert

A former HSBC Holdings Plc trader who alleged the bank turned against him after he blew the whistle about potentially exorbitant fees paid to brokerages lost his claim for €1.4 million ($1.4 million) at a Paris employment tribunal.

Ex-HSBC Trader Loses €1.4 Million Lawsuit Over Broker Fee Alert

(Bloomberg) -- A former HSBC Holdings Plc trader who alleged the bank turned against him after he blew the whistle about potentially exorbitant fees paid to brokerages lost his claim for €1.4 million ($1.4 million) at a Paris employment tribunal.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NY

HSBC Says It's Not Time to Be 'Properly Bearish' on Equities

Max Kettner, chief multi-asset strategist at HSBC, discusses the impact of higher bond yields on markets and explains why it's time to be "risk-on" in equities. (Source: Bloomberg)

AMD faces analyst downgrades: could the MI350 chip series boost stock performance?

Analysts from Wolfe Research, Goldman Sachs, and HSBC downgrade AMD, citing weak AI chip demand and rising competition. Could the MI350 chip spark a turnaround?

HSBC Sued by Fired UK Trader Over ‘Career Ending’ Dismissal

An ex-HSBC Holdings Plc trader fired for using his work phone to discuss supplying drugs sued the bank claiming the “career-ending” dismissal was in fact a result of him blowing the whistle on potential front running.

HSBC Warns of Bonus Cuts as Cost of Restructuring Looms

HSBC Holdings Plc is set to buck an industrywide trend of higher banker bonuses as it gears up for a multibillion-dollar cost reduction from an ongoing restructuring.

US importers rush in goods from China as Trump tariff threat looms

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers. Trump, who has threatened to slap tariffs of 10% to 60% on goods from China, takes office on Jan. 20. During his first term, Trump mainly targeted Chinese parts and components.

Predict 14.8% Earnings Growth in 2025: HSBC's Oden

Racquel Oden, US Head of International Wealth and Private Banking at HSBC, sees the broadening out of gains for stocks in 2025 and strong earnings growth. She also says we are still in the early inning stages of AI. She speaks to Bloomberg's Sonali Basak and Matt Miller on "Bloomberg Open Interest." (Source: Bloomberg)