HSBC

News

HSBC Reportedly to Scale Back Retail Banking in Some Countries

The media has released information according to which HSBC is currently considering scaling back its retail banking operations in countries such as Mexico, Malaysia, Indonesia, and some others.

News

HSBC Expects S&P 500 Index to Hit 6,700

Brokerage HSBC expects the S&P 500 index to reach 6,700 by the end of next year.

Fintech & Ecommerce

HSBC Launches New Platform

HSBC has launched a platform for managing domestic and international business payment transactions.

Fintech & Ecommerce

HSBC Exec Says About AI’s Impact on Finance Sector

Edward J Achtner, the head of generative AI for UK banking giant HSBC, said that many companies have still failed to achieve tangible results in the use of artificial intelligence in their activities, despite statements about significant progress in the relevant direction.

Fintech & Ecommerce

HSBC & SBF to Help Singapore Businesses Expand to Greater Bay Area, India, and the Middle East

Due to the fresh partnership, businesses in Singapore will be able to leverage global HSBC network and solutions for international expansion and net-zero transition.

News

HSBC to Sell Argentina Business

The financial institution HSBC, which is based in the United Kingdom, has agreed to sell its business in Argentina.

Fintech & Ecommerce

Fintech Akulaku Secures HSBC Financing

Online lending platform Akulaku, which operates in Southeast Asia and is backed by Alibaba, secured $100 million in debt financing from HSBC, based in London.

News

China’s Economic Troubles Hurt HSBC

HSBC on Wednesday, February 21, published data on a significant decrease in its quarterly profit after the share of this financial institution in China’s Bank of Communications (BoCom) fell by $3 billion.

Finance & Economics

HSBC to Improve Ties With Hong Kong Unit

HSBC intends to tighten risk management in its Hong Kong unit Hang Seng Bank.

News

HSBC Unveils Its Transition Plan

HSBC Holdings Plc has published the first so-called transition plan in its history.

Finance & Economics

HSBC Reportedly Joins Ranks of Suitors for Tesco Banking Arm

HSBC has joined the list of financial institutions that are participating in a kind of race for the right to acquire Tesco Bank.

Finance & Economics

HSBC Completes Sale of Its French Retail Banking Business

HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France.

Fintech & Ecommerce

HSBC Takes on Revolut With New App for Non-Customers

HSBC Holdings plans to release an app with which financial services consumers will be able to make international payment transactions.

News

Royal Bank of Canada Gets Nod for Purchase of HSBC Unit

Canada at the end of last week approved the implementation of a deal to acquire the internal unit of HSBC by Royal Bank of Canada (RBC) for $10.2 billion.

News

Yoti Receives Funding From HSBC

Digital identity company Yoti has received debt financing for 12.5 million pounds from HSBC and another 7.5 million pounds of convertible debt financing from existing shareholders.

News

HSBC Predicts Difficult Path for Chinese Economy

The Chinese economy has a long way to go, during which it is necessary to overcome steep hill.