Hsbc Holdings Stock News

London's equity bourse trades under pressure Thursday as investors monitor geopolitical headlines and shares of companies tied to commodities fall.

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.

European stocks were unable to keep a grip on gains as investors juggled corporate news and geopolitical tensions.

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

HSBC Holdings (HSBC) is planning to trim its private bank workforce and lower office space in Switzerland to improve overall operating efficiency.

HSBC Set To Double Bonuses For Junior Bankers To Staunch Defections HSBC looks like it is the latest bank to ramp up pay for its junior bankers, following a trend of aggressively trying to retain talent that has been taking Wall Street by storm over the last 2 years. The bank is reportedly planning on doubling bonuses for some of its junior investment bankers and traders, Bloomberg reported on Monday. It''ll be a change for the bank, which paid "less than most rivals a year ago after cutting the bonus pool at its global banking and markets division by 15%," the report said. “We’ve got to keep pay across the board competitive,” Greg Guyett, co-head of GBM for HSBC said last month. And the competition in the space is real, with investment banks jostling back-and-forth to stay competitive with pay and retain talent for several years now. But HSBC Chief Executive Officer Noel Quinn previously had to tell his staff that the effects of Covid had prevented the bank from increasing performance bonuses over the last year, largely due to underperformance by the bank on a broad scale.

You might need a more global account for certain banking needs. That’s where a multicurrency account comes in.

U.K. regulators have told HSBC Holdings Plc to review how it reports credit risk, starting a process that industry experts say can sometimes lead to large-scale and costly internal reforms.

HSBC Holdings (HSBC) is planning to trim its private bank workforce and lower office space in Switzerland to improve overall operating efficiency.

86% Of White-Collar Workers Want Permanent Hybrid Workweek Or They Will Quit As the world gets closer to the eventual end of the virus pandemic, more than ever, white-collar workers worldwide are working remotely and want to keep that arrangement with employers. Bloomberg reports a new poll from Advanced Workplace Associates (AWA) surveyed 10,000 white-collar workers worldwide in finance, technology, and energy who have said they will quit if employers force them back into the office for an entire workweek. To comprise, 86% of respondents said they would favor a hybrid workweek of at least two at home and the rest in the office. Respondents of all ages wanted to work at home on Mondays and Fridays and come in on Tuesdays, Wednesdays, and Thursdays. "Employers have to realize that the genie is out of the bottle," Andrew Mawson, managing director of AWA, said in a statement. "Workers have seen that flexibility can work and bosses who are not sensitive to their employees'' needs will suffer accordingly." Megabanks, like Citigroup Inc., HSBC Holdings Plc, and NatWest Group Plc, have all adopted hybrid workweeks.

HSBC has named a new chief executive for Hong Kong, promoting an internal candidate to the top role for the city. Luanne Lim has been appointed Hong Kong CEO at HSBC, according to a statement, effective yesterday. Lim has more than 25 years of banking experience, including as HSBC’s Hong Kong chief operating officer (COO) since 2017. Previously, she also worked at Bank of Singapore in various leadership roles focused on Asia markets including Hong Kong, mainland China, Indonesia Malaysia, Singapore and Vietnam. Interim CEO Lim was named interim CEO in mid-2021 to replace Diana Cesar , who was appointed as the successor to Hang Seng CEO Louisa Cheng , who was on a health leave before unfortunately passing away in October. «[Lim] was the standout candidate for this role,» said HSBC APAC co-CEO David Liao . «Over the last six months, she has demonstrated a combination of natural leadership with a deep understanding of both the industry and how HSBC’s global aspirations fit within it.»

The HSBC (LON: HSBA) share price is holding steady near its highest level since February 2020 as investors cheer the company's turnaround. The stock is trading at 558p, which is about 98% above the lo