HSBC announces $1.1bn provision related to Madoff court case
27th Oct 2025 07:17
(Sharecast News) - HSBC has announced that it will take a $1.1bn impairment charge in its third-quarter results after losing an appeal in a long-running lawsuit in Luxembourg related to Bernard Madoff's multibillion-dollar Ponzi scheme.
Read moreHSBC appoints David Lindberg head of UK bank
21st Oct 2025 12:18
(Sharecast News) - HSBC has named a former NatWest executive as chief executive of its UK business, it announced on Tuesday, bringing a months-long search to a close.
Read moreJefferies downgrades HSBC, 'not enamoured' with terms of HSB take-private
10th Oct 2025 13:56
(Sharecast News) - Jefferies downgraded HSBC on Friday to 'hold' from 'buy' on news it is planning to take Hang Seng Bank private in a deal that values the lender at 290 billion Hong Kong dollars ($37bn).
Read moreCiti stays 'overweight' European banks; HSBC, Intesa and NatWest 'top picks'
26th Sep 2025 07:41
(Sharecast News) - Citi highlighted HSBC, Intesa and NatWest as its top picks in the banking sector on Friday as it maintained its 'overweight' rating on European banks.
Read moreLondon close: Stocks mixed as US payrolls underwhelm
5th Sep 2025 17:52
(Sharecast News) - London stocks ended mixed on Friday as investors weighed weaker-than-expected US jobs data against signs of resilience in the UK economy.
Read moreLondon close: Stocks fall on bank tax concerns, US inflation
29th Aug 2025 17:42
(Sharecast News) - London stocks ended lower on Friday as banking shares slumped after a think tank suggested a potential windfall tax on the sector, while investors assessed the latest US inflation data.
Read moreLondon close: Stocks mixed on robust US data, earnings flurry
30th Jul 2025 17:15
(Sharecast News) - London equities ended Wednesday narrowly mixed as investors weighed stronger-than-expected US economic data against a wave of corporate earnings that failed to inspire.
Read moreHSBC earnings fall on hit from China bank stake
30th Jul 2025 07:01
(Sharecast News) - HSBC reported lower-than-expected first half profits as it took a large hit from its stake in China's Bank of Communications.
Read moreFormer McKinsey boss sounded out over HSBC chair - report
6th Jun 2025 12:15
(Sharecast News) - The former head of McKinsey & Company has been sounded out about becoming the new chair of HSBC Holdings, it was reported on Friday.
Read moreHSBC chair Mark Tucker to join AIA as search for successor continues
6th Jun 2025 08:04
(Sharecast News) - HSBC has confirmed that its departing chair Mark Tucker is set to leave the bank in three months without the board having yet announced a successor.
Read moreLondon close: Stocks finish higher as US economy contracts
30th Apr 2025 14:52
(Sharecast News) - London stocks extended their gains on Wednesday, after fresh data from the US showed a slowing in consumer price growth, alongside the country's first economic contraction since 2022.
Read moreLondon close: Stocks rise on raft of corporate updates
29th Apr 2025 15:37
(Sharecast News) - London stocks finished higher on Tuesday, buoyed by investor optimism over potential easing of US tariffs on automobiles and a raft of corporate updates.
Read moreHSBC lifts bad loan provisions, unveils $3bn buyback as Q1 profit falls
29th Apr 2025 06:54
(Sharecast News) - Asia-focused bank HSBC on Tuesday lifted its bad loan provisions in the first quarter, blaming a bleak macroeconomic outlook from higher tariffs and geopolitical tensions as it also announced a $3bn share buyback.
Read moreLondon close: Stocks rise as Trump assuages Fed concerns
23rd Apr 2025 15:19
(Sharecast News) - London's equity markets advanced on Wednesday, buoyed by renewed optimism over potential US-China trade negotiations and a rebound in commodity prices.
Read moreSunday newspaper round-up: Steelmaking, DHL, HSBC
20th Apr 2025 16:36
(Sharecast News) - Ministers may do away with the controversial climate change levies in order to help resuscitate British steelmaking. That follows the UK government's recent decision to take over control of the country's blast furnaces at Scunthorpe. Demand for steel will soar as Britain rearms and looks to become more self-sufficient so as to avoid tariffs. - The Financial Mail on Sunday
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