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Hsbc

All articles tagged with #hsbc

business21 hours ago•2 min saved

HSBC beats 2025 targets as Hang Seng privatization drives momentum

HSBC reported 2025 pre-tax profit of $29.91 billion on revenue of $68.27 billion, beating estimates with RoTE of 13.3% and a target of 17%+ for 2026–2028. The results come after the privatization of Hang Seng Bank completed Jan 26 and are expected to yield synergies gradually. Q4 pre-tax profit rose to $6.8 billion and revenue to $16.4 billion. The bank is pursuing cost efficiency, signaling about 8% payroll cost reductions and a 15% cut in managing-director roles, while potential performance-linked bonus changes are being discussed to weed out underperformers.

via CNBC|

#business #earnings #hang-seng-bank

markets21 days ago•2 min saved

HSBC upgrades Palantir to Buy on strong results and upbeat guidance

HSBC upgrades Palantir (PLTR) to Buy after the company posted stronger-than-expected results and provided positive guidance, highlighting rising US commercial revenue and lifting its price target to $205; shares slipped in premarket trading as investors digested the news.

via Seeking Alpha|

#earnings #guidance #hsbc

business2 months ago•0 min saved

HSBC Announces Leadership Changes and Retirements

A HSBC board member who was leading the search for a new chair is set to retire, marking a significant change in the bank's leadership. The article discusses the ongoing leadership transition at HSBC.

via Financial Times|

#board-member #business #chair-search

business2 months ago•1 min saved

HSBC appoints ex-Citi executive with past conflicts with Andy Sieg

HSBC has appointed a former Citi executive who previously clashed with Andy Sieg, as part of its strategic hiring efforts.

via Financial Times|

#andy-sieg #banking #business

business2 months ago•1 min saved

HSBC appoints Brendan Nelson as permanent chair amid strategic ambitions

HSBC has appointed Brendan Nelson as its new chair, signaling a leadership change in the banking sector.

via Financial Times|

#appointment #banking-leadership #brendan-nelson

business4 months ago•1 min saved

HSBC's Profits Decline 14% Amid $1.1 Billion Madoff Lawsuit Impact

HSBC's profits declined by 14% due to a provision related to a lawsuit involving Madoff, reflecting challenges in the banking sector.

via Financial Times|

#banking #business #financial-news

business4 months ago•2 min saved

HSBC's Q3 Profit Declines Despite Revenue Boost Amid Madoff Lawsuit

HSBC's third-quarter profit declined 14% to $7.3 billion but exceeded expectations, driven by a 15% rise in net interest income, despite higher operating expenses and legal provisions related to the Madoff case. The bank also announced plans to privatize Hang Seng Bank, highlighting confidence in Hong Kong's financial sector.

via CNBC|

#business #hang-seng-bank #hsbc

business4 months ago•1 min saved

HSBC to Book $1.1 Billion Provision Following Madoff Court Ruling

HSBC anticipates a $1.1 billion loss due to a legal dispute related to its involvement in the Madoff Ponzi scheme, highlighting significant financial and reputational risks for the bank.

via Financial Times|

#banking #business #financial-impact

business4 months ago•1 min saved

HSBC Proposes $13.6 Billion Privatization of Hang Seng Bank

HSBC has proposed a $13.6 billion offer to acquire 100% control of Hong Kong-based lender Hang Seng, aiming to strengthen its presence in the region.

via Financial Times|

#acquisition #banking #business

business4 months ago•4 min saved

HSBC Plans $13.6 Billion Privatization of Hang Seng Bank

HSBC plans to privatize Hong Kong's Hang Seng Bank in a $13.6 billion deal, offering a 30.3% premium, amid concerns over Hang Seng's rising bad loans and exposure to the property market. The move aims to strengthen HSBC's market position in Hong Kong, with the bank pausing share buybacks to fund the acquisition, which will keep Hang Seng as a separate brand.

via Reuters|

#bank-acquisition #business #hang-seng-bank

business4 months ago•2 min saved

Hang Seng Bank Soars Over 40% on HSBC's Privatization Bid

HSBC's shares dropped over 5% after announcing plans to privatize its Hong Kong unit, Hang Seng Bank, in a $13.6 billion deal that involves acquiring the remaining stake at a premium, aiming to simplify operations and focus on the local market, with the transaction expected to be approved by shareholders and completed by mid-2026.

via Investing.com|

#banking #business #hang-seng-privatization

business4 months ago•3 min saved

HSBC to Privatize Hang Seng for $37 Billion

HSBC plans to privatize its Hong Kong subsidiary Hang Seng Bank in a $37 billion deal, with HSBC acquiring the remaining shares it doesn't own for around $14 billion. The move aims to enhance shareholder value and expand HSBC's presence in Hong Kong, despite challenges in the local banking sector and real estate market. Hang Seng will continue to operate independently under its own license and brand, with HSBC investing significantly in Hong Kong's growth.

via Bloomberg.com|

#banking #business #hang-seng-bank

business4 months ago•1 min saved

HSBC Plans $37.36 Billion Privatization of Hang Seng Bank

HSBC has proposed to privatize its subsidiary Hang Seng Bank, offering shareholders HK$155 per share, valuing the bank at approximately HK$290.74 billion, as part of its strategic focus on strengthening its presence in Hong Kong.

via CNBC|

#banking #business #hang-seng-bank

business5 months ago•4 min saved

HSBC Leads in Quantum Computing for Advanced Bond Trading

HSBC achieved a world-first breakthrough in using quantum computing to improve bond price predictions by 34% with IBM's Heron processor, marking a significant advancement in applying quantum technology to real-world financial trading and potentially transforming market efficiency.

via Bloomberg.com|

#bond-prediction #business #financial-markets

business7 months ago•4 min saved

HSBC's profits decline 26% amid China losses, announces $3 billion buyback

HSBC's first-half profit fell 26% to $15.8 billion due to impairments from its stake in China's Bank of Communications and exposure to Hong Kong real estate, with the bank warning of potential future profit misses amid US trade tensions and ongoing restructuring efforts.

via Reuters|

#banking-restructuring #business #china-losses