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HSBC CEO Noel Quinn speaks about the lender's unprecedented $3 billion charge on its holding in China's Bank of Communications Co. “It is a technical accounting issue. I also want to reiterate, we
HSBC Holdings announced plans for a new $2.0 billion share buyback, coming after impairments pushed its bottom line to a loss in the latest quarter.
HSBC Holdings reported a 78% jump in full-year profit, a record high gain on high interest rates, but missed forecasts as it was hit by an impairment from its stake in a Chinese bank.
HSBC receives approval to sell its Russia unit to Expobank.
A big day sees a string of heavyweights led by miner Rio Tinto and Glencore and super giant bank HSBC.
HSBC Holdings is the next cab off the rank in the UK bank earnings season and like NatWest and Barclays there will be plenty to chew on. For a start, the numbers are just that much bigger.
The FTSE 100 index jumped by more than 1.50% on Friday after the UK published encouraging retail sales numbers. That report came a day after the latest UK GDP report showed that the economy contracted
HSBC Holdings PLC (LSE:HSBA)'s exposure to the beleaguered Chinese property market will be under the microscope when the bank posts its annual results on Wednesday, 21 February. Most of HSBC's revenue
After Natwest's bumper profits on Friday it is the turn of Barclays (Tuesday) and Lloyds (Thursday) to see if they can repeat the trick while the giant of the big four quartet, while Asis-focused HSBC
HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwind and property sector crisis in China, said two p

Is HSBC Stock a Buy?

05:13am, Wednesday, 14'th Feb 2024
HSBC stock has struggled alongside a general slowdown in Asia's economy. Its former premium valuation has turned into a deep discount versus its international peers.
Parash Jain, head of shipping and ports research at HSBC, says as soon as the Red Sea crisis is over, "reality will hit" and freight rates will drop "quite rapidly."
HSBC Holdings (HSBC) signs a deal to divest its Armenian unit to Ardishinbank. This is part of the former's strategic review, under which the bank plans to bolster its Asia presence.
Lloyds Banking Group PLC (LSE:LLOY) and HSBC Holdings PLC (LSE:HSBA) are expected to lead the sector with strong buybacks and signals for more special shareholder distributions when banks report in
HSBC faces a fine of 57.4 million pounds by the BoE for serious failings in its measures to protect customer deposits over several years.
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