HSBC HOLDINGS PLC-SPONS ADR (HSBC)

Russia Braces For Another Steep Rate Hike in Battle on Inflation

Russia is poised for another aggressive rate hike on Friday as the central bank continues to find little success in tackling inflation that has recently accelerated well above its forecast.

Saudi Global Ports, co-owned by Singapore’s PSA, taps banks for up to $1.36 billion IPO: Sources

Port operator could be listed as early as 2025 in Riyadh.

Saudi Global Ports Taps Banks for Up to $1 Billion IPO

(Bloomberg) -- State-backed Saudi Global Ports Co. has picked banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to help arrange a planned Riyadh initial public offering, according to people familiar with the matter.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe port operator owned by the kingdom’s Public Investment Fund and Singapore’s PSA International Pte could be listed as early as next year, according to the people, who declined to be

HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate

ANZ's outgoing CEO to forfeit 2024 long-term variable remuneration

ANZ Chairman Paul O'Sullivan said: "We received majority support from shareholders to grant our CEO his long-term variable remuneration, however a substantial proportion of shareholders voted against the resolution." The resolution proposing to provide Elliott with restricted and performance rights was withdrawn for shareholder voting at the annual general meeting, ANZ said, alongside providing advance voting details.

HSBC Launches New Mortgage Assistance Program–CommunityWorks Opening Doors Grant

HSBC's Unit Sued by ASIC Over Systemic Failures in Scam Prevention

ASIC sues HSBC Australia for failing to protect its customers from fraudulent activities and seeks penalties and measures to prevent future misconduct.

HSBC Mulls Over Streamlining Retail Banking Business in Mexico

HSBC considers streamlining its retail banking business in Mexico amid cost mitigation efforts and a shift in focus toward wealth management operation.

HSBC Report Shows Venture Ecosystem Recalibrates for Economic Growth While Private Companies Contend with Exit Backlog and Investor Shift to AI

Saudi Port Operator Said to Pick Banks for Up to $1 Billion IPO

State-backed Saudi Global Ports Co. has picked banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to help arrange a planned Riyadh initial public offering, according to people familiar with the matter.

India’s Economic Activity Expands in December, Flash PMIs Show

India’s economic activity gained pace in December, as demand for goods and services continued to improve driven by new orders, a flash survey by HSBC Holdings Plc showed.

Scam strike on global giant is a warning shot to banks

The regulator’s case against HSBC moves the needle from customer beware further towards bank beware.

UK-India Business Boosted By Prospect of Trade Deal, HSBC Says

Business between the UK and India has boomed this year as firms in both countries anticipate their governments will be able to seal a free trade agreement, HSBC Holdings Plc data showed.

HSBC Sued by Australian Regulator for Bank Scam Loss Failures

Australia’s markets watchdog sued HSBC Bank of Australia Ltd. for failing to protect customers who lost millions of dollars in scams.

HSBC Sued by Australian Regulator for Bank Scam Loss Failures

(Bloomberg) -- Australia’s markets watchdog sued HSBC Bank of Australia Ltd. for failing to protect customers who lost millions of dollars in scams. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearHSBC received about 950 reports of unauthorized transactions between January 2020 and August 2024, resulting in cust

Australia takes HSBC to court over neglecting scam victims

The Australian Securities and Investments Commission (ASIC) is alleging HSBC took, on average, 145 days to look into matters related to unauthorised payments and transactions. ASIC added that between January 2020 and August 2024, HSBC Australia received those reports of the transactions, resulting in customer losses of about A$23 million ($14.61 million). The regulatory body claims that HSBC Australia lacked adequate controls to prevent and detect unauthorized payments, failed to investigate customer reports of unauthorized transactions promptly, and did not reinstate banking services in a timely manner.

HSBC Australia sued for 950 alleged law breaches

The Australian Securities and Investments Commission claims customers of bank lost an average of $90,000 in activity that was mostly related to scams.

ASIC sues HSBC Australia over slow scam response

ASIC claims some customers of the international bank lost $90,000 due to scammers, after warning it of suspicious activity on their accounts.

Banking giant sued by ASIC after customers allegedly scammed of $23m

About 950 reports of unauthorised transactions were made to HSBC Australia between January 2020 to August this year, with customers fleeced of $23 million.

Wall Street Weighs ‘Hawkish Cut’

This year’s frontrunners, big technology stocks, held onto gains and US Treasuries fell as Wall Street braced for a slowdown in the Federal Reserve’s policy easing ahead of a meeting next week. Raquel Oden, HSBC head of wealth & global private banking, speaks with Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg)

HSBC Sent Stenn Into Administration Over Fears About Client List

HSBC Holdings Plc triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with the matter said.

HSBC Sent Stenn Into Administration Over Fears About Client List

(Bloomberg) -- HSBC Holdings Plc triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with the matter said.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley Dr

Analysis-China eyes negotiations as Trump threatens new tariffs

As Donald Trump steps up his tariff threats against China, Beijing is moving to beat the next U.S. president to the punch with its own restrictions and get Washington to the negotiating table ahead of a full-blown trade war, analysts say. Armed with the lessons of the last trade war during Trump's first term, China is seeking to amass bargaining chips to kick off talks with a new U.S. administration on contentious aspects of bilateral ties, including trade and investment, and science and technology.

Want to cash in on the emerging market boom? HSBC gives 2 of its top picks over 50% upside

HSBC's analysts still see "justification for a small overweight in EM," from a global perspective in 2025.

Most Employees at Collapsed Fintech Lender Stenn to Lose Jobs

Most of Stenn Technologies’ employees will lose their jobs after HSBC Holdings Plc pushed the troubled trade-finance firm into insolvency last week.

Goldman Sachs Names Alzaim Saudi CEO as US Bank Boosts Presence

Goldman Sachs Group Inc. has appointed Omar Alzaim as chief executive officer of its Saudi Arabia operations as it looks to boost its presence in the country.

HSBC, IFC sign US$1 billion facility to support trade financing in emerging markets

HSBC and the International Finance Corporation (IFC) signed a US$1-billion partnership to help banks in emerging markets increase their lending to support trade. The risk-sharing facility between one of Hong Kong's currency-issuing banks and the private sector financing arm of the World Bank will cover trade-related assets held by banks in 20 countries in Africa, Asia, Latin America and the Middle East. The facility has been set up under IFC's global trade liquidity programme (GTLP), which was e

HSBC share price is soaring: technicals point to more gains

The HSBC share price is firing on all cylinders and is hovering at its all-time high as the company’s turnaround measures continue. It has risen in the last five consecutive weeks and moved to a record high of 755p.  HSBC turnaround continues HSBC, the biggest European bank, has been in a prolonged turnaround approach as […]