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Latest story Refreshed every 5 minutes; wire stories every 15 minutesAbout this data
HSBC is planning sweeping job cuts across its UK wealth management business as part of a broader push to use artificial intelligence to serve affluent clients more efficiently, the Financial Times reported, citing people familiar with the matter.
An HSBC Holdings Plc executive who’s spent years fighting allegations by First Citizens Bank & Trust Co. that he raided staff and stole trade secrets is now seeking to turn the tables, saying his accuser broke the law.
Hong Kong's monetary authority is questioning HSBC regarding its decision to establish an AI hub in Singapore. This move is part of efforts to enhance the Chinese territory's status as an international financial capital.
$1.4bn sale of Hong Kong lender’s loan portfolio part of push to improve its capital efficiency.
HSBC Holdings Plc and ICICI Bank Ltd. in GIFT City have emerged as the biggest lenders to India’s vast diaspora under a special foreign-exchange swap program. This development signals the financial hub’s growing role in channeling global capital into the country.
HSBC Holdings Plc is set to start its search for a new chief financial officer, parsing through a pool of internal and external candidates willing and qualified to take on one of the biggest jobs in global finance.
Prudential Plc, HSBC Holdings Plc and Standard Chartered Plc shares dropped after a report that China is expanding its personal income tax to include any returns from insurance policies in Hong Kong.
Europe’s largest lender boosted by wealth management and insurance business in Hong Kong.
HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the lender will consider boosting its bonus pool for bankers if strong performance continues.
HSBC Chief Executive Officer Georges Elhedery speaks to Bloomberg's Francine Lacqua about the bank's announcement of a fresh stock buyback as it reports second-quarter earnings that beat estimates, despite China’s crackdown on cross-border wealth flows.
HSBC reported a pretax profit that exceeded analysts' expectations, driven by increased net interest income and fees. The bank's strong performance reflects its ability to capitalize on rising interest rates and robust customer demand.
A surge in HSBC Holdings Plc.’s shares to a record has raised the bar for the Asia-focused lender to deliver results that can help sustain the rally. Investors are focused on capital returns, buyback prospects and the outlook.
HSBC plans job cuts across UK wealth business in AI push, FT reports
HSBC hires Cantor's Paras Jain to lead global TMT banking, sources say
HSBC plans India equity broking return after 13 years amid IPO boom, sources say
HSBC addresses the concerns that are gripping the stock market — and dismisses most of them
HSBC's first female CFO Pam Kaur to step down in 2027
HSBC Chief Financial Officer to Leave in 2027
HSBC to wind down German business for transaction services, over 300 jobs to be phased out
Citi, HSBC, StanChart adopt Ant International's forex AI tool
HSBC global insurance business head Moncreiffe to leave, sources say
HSBC Posts Sharply Higher Quarterly Profit, Plans $1 Billion Share Buyback