|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.51 - 9.54|
|52 Week Range||7.67 - 10.29|
|PE Ratio (TTM)||97.35|
|Dividend & Yield||0.40 (4.18%)|
|1y Target Est||N/A|
HSBC has signaled its pivot to Asia is paying rich dividends as quarterly profits leapt five-fold, laying a foundation for its new leadership to plan for growth after a tough period of post-crisis restructuring. Ciara Lee reports
HSBC Private Bank, a Swiss unit of banking giant HSBC, has agreed to pay 300 million Euros ($353 million) to avoid going to trial in France for tax fraud.
HSBC said its Swiss private-banking unit will pay €300 million ($352 million) to resolve charges that it helped clients evade taxes in France.
South Africa’s Gupta family used HSBC bank accounts in Dubai to transfer millions of dollars through companies that have been linked to suspected kickbacks for the sale of Chinese locomotives, according ...
HSBC Holdings' (LSE:HSBA.L - News) Canadian chief said on Tuesday she is concerned about talks to rework the North American Free Trade Agreement and preparing for how the bank will deal with possible outcomes. U.S. President Donald Trump has threatened to withdraw from the NAFTA trade agreement with Canada and Mexico if he cannot rework it in favor of the United States. Among the most divisive are plans to establish rules of origin for NAFTA goods that would set minimum levels of U.S. content for autos, a sunset clause that would terminate the trade deal if it is not renegotiated every five years, and ending the so-called Chapter 19 dispute mechanism.
HSBC swung to a third-quarter net profit, as revenue in Asia rose from increased customer borrowing and a growing deposit base.
U.K. stocks close with losses Monday, with home builders under pressure and HSBC moving lower following the lender’s quarterly earnings report.
HSBC has been promising growth in China and now it seems to have found some with a chunky slug of extra lending in the southern Chinese province near its Hong Kong stronghold.
HSBC (LSE:HSBA.L - News) may move fewer than 1000 jobs to Paris following Britain's exit from the European Union, the bank's finance director Iain Mackay said on Monday. "It may be less than 1000 employees, but it's up to 1000," Mackay told reporters on a conference call. Previous comments from senior HSBC executives had emphasized the number of jobs to move would be 1000.
HSBC's Q3 earnings are expected to reflect modest improvement in investment banking and lower costs but will be adversely impacted by trading slump to some extent
A U.S. jury on Monday found a former HSBC Holdings Plc(LSE:HSBA.L - News) executive guilty of defrauding Cairn Energy Plc (LSE:CNE.L - News) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign exchange cash trading desk, schemed to ramp up the price of British pounds before executing a trade for Cairn, making millions for HSBC at Cairn's expense. According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary.
HSBC Holdings and Standard Chartered have been asked by the U.K. financial regulator to review possible business with South Africa’s Gupta family.
Citigroup, Deutsche Bank, and HSBC have agreed to pay about $132 million in total to resolve accusations they rigged a lending benchmark.
John Flint joined the bank’s international leadership program out of college and learned the ropes in bank branches, trading rooms and at the bank’s treasury department, in cities worldwide.
HSBC (LSE:HSBA.L - News) has chosen John Flint as its next chief executive, with its newly arrived chairman promoting an insider to drive revenue growth at Europe's biggest bank. Flint, who runs HSBC's retail and wealth management business out of London, will take over as CEO in February next year when Stuart Gulliver, 58, retires after seven years in the job. The appointment is the first major decision taken by former AIA Group (HKSE:1299.HK - News) chief Mark Tucker, who officially took up his post at HSBC just 12 days ago as its first externally-appointed chairman.
HSBC and Deutsche Bank settle legacy business misconduct matters related to FX rate manipulation for $175 million and $190 million, respectively.
The Fed said a former HSBC executive currently on trial misused confidential information while carrying out foreign exchange trades for a client, as it fined the bank $175 million for more broadly failing ...
Deutsche Bank AG agreed to pay $190 million to settle U.S. litigation accusing it of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. The German lender is the 15th of 16 banks ...
The Federal Reserve on Friday announced it has fined HSBC Holdings plc $175 million for "deficiencies" in the British bank's oversight over its traders in the foreign-exchange market. The central ...