Hsbc Holdings Stock News

The banking group said it will now purchase up to $1billion more of its own shares once it completes its current $2billion share buyback programme, alongside a dividend of 18 cents per share.

The group reported pre-tax profits of 18.9 billion US dollars (£13.9 billion) for 2021, up from 8.8 billion US dollars (£6.5 billion) in 2020.

Comment: Not all boats are rising as economy recovers

Charge covers ''recent developments in commercial real estate'', as developers such as Evergrande struggle

Banking giant HSBC has handed out a mammoth $3.5bn (3bn) in bonuses as it revealed annual profits more than doubled.

HSBC s bonus pot for top bankers jumped by a third to £2.6 billion while chief executive Noel Quinn took home £9 million it emerged today.

Global banking and financial services company HSBC announced today new financed emissions reduction targets for the carbon intensive Oil & Gas and Power & Utilities sectors, initiating the next step on its stated strategy to align its financing activities with the goals of the Paris Agreement and move to net zero by 2050. Dr Celine [] The post HSBC to Slash Financed Emissions from Oil & Gas Clients by 34% by 2030, 75% for Power & Utilities appeared first on ESG Today .

Saudi Arabias largest pharmacy retail chain hired the local unit of HSBC Holdings Plc and the investment banking arm of Saudi National Bank in what could be the largest IPO in the kingdom since Aramco went public in 2019.

The protest was organised by civil society groups, Repubblika, Occupy Justice and manueldelia.com, following Darren Debono’s (known as It-Topo) refusal in Court to reveal the identity of his accomplices in the attempted robbery of the HSBC headquarters in 2010. The post Civil society demands resignation of Attorney General appeared first on Newsbook .

HSBC Holding Plc shut four floors of its main office in Hong Kong and some branches on Friday after several staff tested positive for Covid.

A court has ordered the immediate arrest and investigation of Darren ‘It-Topo’ Debono, one month after he was given a plea deal over the HSBC heist, after he refused to name the names of his accomplices. Debono was today summoned to give evidence against Vincent Muscat, who was charged along with him in connection with … Continued

Court ordered the arrest of State witness Darren Debono, who agreed a plea bargain on the 2010 attempted robbery of the HSBC headquarters, after he refused to name his accomplices. The post HSBC heist: State witness arrested after refusing to name accomplices appeared first on Newsbook .

Inflation - Cassandra Speaks Authored by Bill Blain via MorningPorridge.com, “The way to crush the bourgeoise is to grind them between the millstones of taxation and inflation.” Inflation should be front and centre for markets – give or take Ukraine, Oil, etc. How real is it, and just how bad could the consequences be? Not talking about it is one way to ensure it hurts. Contrary to expectations, World War Last didn’t break out yesterday. Either the Russians are stepping back or they are retreating in a forward direction while adding thousands of new troops… Who knows..? Who to believe? In the absence of evidence or a credible reason for Putin pressing the auto-destruct button while he’s winning, (er, yes, he probably is as the West discomboffulates around the issue, beset by leadership crises, division, energy prices and distrust), can we now look forward to Spring? And get back to worrying about real stuff. Like inflation? The news this morning is UK inflation hitting a 30-year high, home price rises in the US and UK earning more than the average working wage, and the Fed Minutes – yawn.

HSBC UK has recorded a big fall in fraudsters attempting to get through its security systems by phoning the bank pretending to be its customers.

India has a tricky road ahead where policymakers have to balance economic expansion with rising inflation and higher cost of living.