Hsbc Holdings Stock News

Energy giants BP and Shell, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. The West has moved to punish Russia with a raft of measures, including closing […]

The value of the ruble has plummeted following access restrictions placed on several Russian banks to the SWIFT global bank payments system. But as this financial door closes, another door might be op

Sberbank's London ADR and two Russian metals stocks are taking hard hits on Monday, as global sanctions hit hard over Russia's invasion of Ukraine.

The European arm of Sberbank, Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, February 28, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine . Western allies have taken unprecedented steps to isolate Russia’s economy and financial system , including sanctioning its central bank and excluding some of its lenders from the SWIFT messaging system , used for trillions of dollars of transactions. Sberbank Europe and two other subsidiaries were set to fail, after “significant deposit outflows” linked to “geopolitical tensions,” according to the ECB. Austria’s Financial Market Authority imposed a moratorium on Sberbank Europe, which is based in the country. Separately, Deutsche Boerse, the German stock exchange operator, said that it was suspending from trading a number of securities from Russian issuers with immediate effect. The list includes Sberbank and VTB Bank. “We’ve triggered a run on this kind of bank,” said Hans-Peter Burghof, a professor at the University of Hohenheim.

Improvement in revenues, a decline in provisions and growth in loans aid Canadian Imperial's (CM) fiscal Q1 results. This leads to optimistic investor sentiments.

The rouble plunged as much as 30% to an all-time low as firms such as BP and HSBC exit Russia and its banks are shut out from Swift

HSBC, NatWest, Barclays and Lloyds lose out as investors switch to defence stocks

The United States, Britain, Europe and Canada announced new sanctions on Russia on Saturday - including blocking certain lenders'' access to the SWIFT international payment system - following Russia''s invasion of Ukraine.

HSBC has little direct exposure in Russia, with its CFO telling reporters last Tuesday it has around 200 employees and annual revenues of $15 mn there, a fraction of its global income of $50 bn

By Carolyn Cohn and Saeed Azhar LONDON (Reuters) – British bank HSBC is beginning to wind down relations with a host of Russian banks including the second-largest, VTB, according to a memo seen by Reuters, as financial institutions start to implement restrictions on Russia.

British bank HSBC is beginning to wind down relations with a host of Russian banks including the second-largest, VTB, according to a memo seen by Reuters, as financial institutions start to implement restrictions on Russia.

Hong Kong lenders HSBC, Hang Seng Bank, Standard Chartered and Bank of East Asia (BEA) set aside at least US$1.02 billion last year to cover for risks arising from China’s real estate sector. The provisions at these four banks, revealed during results announcements over the past two weeks, hint at the impact the developers’ credit crunch has had on lenders. HSBC, the city’s biggest lender, took a US$500 million charge for potential soured loans in its Chinese commercial real estate portfolio…

Eleven Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong) (BOCHK), will suspend all banking services on Saturdays starting this week and the next until further notice.Standard Chartered, CMB Wing Lung and China Citic will close all outlets every Saturday from February 26 until further notice. HSBC, Hang Seng Bank, BOCHK, Bank of East Asia, China Construction Bank (Asia), Bank of Communications (Hong Kong), Citibank and Dah Sing Bank will…

Eleven Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong), will suspend all banking services on Saturdays starting this week and the next until further notice.