Deutsche Bank cuts HSBC to 'hold' after share price gains
3rd Feb 2025 07:26
(Sharecast News) - Deutsche Bank downgraded HSBC on Monday to 'hold' from 'buy' but lifted the price target to 910p from 830p after recent share price gains.
Read moreHSBC to cut investment banking offering in UK, Europe and Americas
28th Jan 2025 12:52
(Sharecast News) - HSBC Holdings is to wind down its investment banking offering in the UK, Europe and Americas as part of a group-wide restructuring, it was reported on Tuesday.
Read moreShore Capital favours international banks over domestics as bond yields rise
13th Jan 2025 09:02
(Sharecast News) - Shore Capital has reassessed its coverage for the UK banking sector in light of recent developments in the bond and currency markets, highlighting its preference for internationally focused lenders.
Read moreHSBC appoints Lisa McGeough as US CEO
6th Jan 2025 15:35
(Sharecast News) - HSBC said on Monday that it has appointed Lisa McGeough as president and chief executive officer for the US, with effect from 1 January.
Read moreHSBC eyes $3bn in potential cost savings - report
11th Dec 2024 12:01
(Sharecast News) - Banking giant HSBC Holdings is mulling plans that could trim costs by at least $3bn, it was reported on Wednesday, as it continues to overhaul its global operations.
Read moreLondon close: Stocks finish week on positive note
22nd Nov 2024 16:06
(Sharecast News) - London's equity markets ended the week on a high note, as investors digested an improvement in UK consumer confidence, even as other indicators such as business output and retail sales painted a more challenging picture.
Read moreLondon close: Stocks mixed ahead of UK inflation data
18th Nov 2024 16:56
(Sharecast News) - London's financial markets delivered a mixed performance on Monday, as traders digested fresh housing market data and braced for upcoming catalysts, including Nvidia's earnings and the latest UK inflation figures.
Read moreHSBC to sack hundreds of managers in shake-up - report
18th Nov 2024 09:39
(Sharecast News) - HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm's newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
Read moreLondon close: Stocks slip ahead of US tech earnings, UK Budget
29th Oct 2024 16:28
(Sharecast News) - London stocks closed in the red on Tuesday, amid mixed corporate earnings and investor caution ahead of big US tech results and the UK's Budget announcement.
Read moreHSBC's third-quarter profits beat expectations
29th Oct 2024 07:27
(Sharecast News) - HSBC announced another $3bn share buyback on Tuesday as it posted better-than-expected third-quarter profits, underpinned by solid performances from the wealth and investment banking units.
Read moreLondon close: Stocks mixed as government borrowing rises
22nd Oct 2024 15:23
(Sharecast News) - London stocks saw a mixed performance on Tuesday, with investors digesting the latest data on government borrowing ahead of next week's Budget.
Read moreHSBC appoints new CFO, announces restructure
22nd Oct 2024 08:11
(Sharecast News) - HSBC announced the appointment of its new chief financial officer on Tuesday, as well as a number of key structural changes aimed at enhancing strategic execution and leadership.
Read moreBNP Paribas to buy HSBC's private banking business in Germany
23rd Sep 2024 08:40
(Sharecast News) - BNP Paribas said on Monday that it has agreed to buy HSBC's private banking activities in Germany, as it looks to position its wealth management arm "among the top leading players in Germany" and bring its assets under management to more than €40bn.
Read moreHSBC promises not to close any branches before 2026
12th Aug 2024 13:59
(Sharecast News) - Banking giant HSBC vowed to make no further branch closures until at least 2026 on Monday as it promised to spend more than £50.0m on updating and improving its branch network.
Read moreLondon close: Stocks finish higher amid global recovery
7th Aug 2024 16:34
(Sharecast News) - London's stock markets closed higher on Wednesday, buoyed by positive global sentiment following remarks from the Bank of Japan.
Read more