HSBC to cut 35,000 jobs after profit drops by one-third
18th Feb 2020 07:03
(Sharecast News) - HSBC said it would cut about 35,000 jobs in a radical business overhaul as the global bank reported a one-third fall in annual profit and wrote down more than $7bn (£5.4bn) of assets.
Read moreTuesday preview: UK employment, HSBC in focus
17th Feb 2020 18:08
(Sharecast News) - The focus on both sides of the Channel on Tuesday will be on some of the most recent data for the turn of the year, as investors try to assess economic momentum.
Read moreCredit Suisse initiates coverage of UK banks; HSBC named top pick
11th Feb 2020 13:40
(Sharecast News) - Credit Suisse has initiated full coverage of the UK banking sector, upgrading HSBC to 'outperform' in the process.
Read moreWednesday broker round-up
5th Feb 2020 13:17
(Sharecast News) - Antofagasta: Deutsche Bank upgrades to hold with a target price of 850p.
Read moreFCA questions banks over higher overdraft rates
28th Jan 2020 07:43
(Sharecast News) - The Financial Conduct Authority has asked the big banks to reveal how they arrived at new overdraft rates of about 40% and to show how they will help affected customers after criticism of its rule changes.
Read moreHK police arrest 400 as HSBC branch targeted
2nd Jan 2020 10:53
(Sharecast News) - Police arrested around 400 people in Hong Kong as anti-government protesters resumed their campaign in the new year, targeting HSBC in the process.
Read moreHuawei CFO wins Canada legal battle to see more evidence on her arrest
11th Dec 2019 11:24
(Sharecast News) - The lawyers of Huawei's chief financial officer, Meng Wanzhou, won a legal battle in Canada's courts on Tuesday to be given access to more documents regarding the reasons behind her arrest.
Read moreHSBC makes management changes for 'next phase of strategy'
9th Dec 2019 09:44
(Sharecast News) - HSBC Holdings announced a number of changes to its senior management team on Monday, which it said would position the banking giant for the next phase of its strategy.
Read moreMonday broker round-up
18th Nov 2019 13:24
(Sharecast News) - Croda International: Liberum Capital downgrades to hold with a target price of 4,400p.
Read moreJefferies upgrades HSBC to 'buy' on restructuring plans
18th Nov 2019 11:22
(Sharecast News) - Analysts at Jefferies upgraded their recommendation for shares of HSBC from 'hold' to 'buy' in anticipation of an uplift to the lender's return on capital as it restructured some of its operations.
Read moreChinese officials grow more pessimistic on chances of US-China trade deal
18th Nov 2019 08:33
(Sharecast News) - US President Donald Trump's recent announcement that he had not agreed to any roll-back in already imposed trade tariffs on China had made authorities in Beijing turn more pessimistic on the chances that a phase-one deal between the two economic giants could be reached.
Read moreTuesday broker round-up
5th Nov 2019 11:57
(Sharecast News) - HSBC: Berenberg downgrades to sell with a target price of 490p.
Read moreBerenberg downgrades HSBC to 'sell', deems forecasts 'unrealistic'
5th Nov 2019 11:52
(Sharecast News) - Analysts at Berenberg sounded a critical note on HSBC's strategic plans, telling clients they were "poorly-timed" and "unrealistic".
Read moreShoreCap recommends switching out of HSBC and into Barclays, Lloyds and StanChart
29th Oct 2019 17:01
(Sharecast News) - ShoreCap stayed at a 'hold' on shares of HSBC following the lender´s third quarter results.
Read moreHSBC works to contain 'unacceptable' performance in parts of group
28th Oct 2019 07:37
(Sharecast News) - HSBC reported a 3% fall in third quarter revenue on Monday, to $13.4bn, which it said was down to lower client activity in its global markets operations, compared with a strong third quarter last year.
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