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HSBC Warns Markets Are Ignoring the Biggest Risk Heading Into the Second Half of 2026

HSBC warned that markets have become increasingly vulnerable to so-called "pain trades," unexpected moves that go against the prevailing consensus and force investors to unwind crowded positions rapidly.

HSBC CEO Tells Staff Not To Resist AI As It Could Make Them 'More Productive Versions Of Themselves'

HSBC Achieves “Ground-Breaking” Quantum Result in Trading Experiment

HSBC CEO Georges Elhedery told staff not to fight AI as it could make them "more productive versions of themselves".

Standard Chartered to Cut 7,000 Back-Office Jobs by 2030: First Major Bank to Put AI on the Layoff Schedule

A Standard Chartered signage company signage is seen on a

Standard Chartered became the first major global bank on Tuesday to formally attach a specific headcount-reduction number and a deadline to AI deployment, announcing at its investor and analyst day in Hong Kong that it will eliminate more than 15 percent of its corporate function workforce by 2030.

British Banks Criticised Over Use of Exaggerated Net Zero Study That Influenced Lending Decisions

The Network for Greening the Financial System, which provides environmental guidance for banks, revealed that some of their analysis is based on an inaccurate paper.

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HSBC has enjoyed bumper profits thanks to the high interest rate environment

Navigating China's Real Estate Crisis: HSBC Reports Significant Quarterly Profit Drop

HSBC's quarterly profit took a significant hit due to impairment charges on its investments in China's Bank of Communications.

Jarin Noshin Feb 21, 2024

Ripple Partners With HSBC For 2024 Launch Of Tokenized Securities Custody Service

This recent development aligns HSBC with major banks such as Deutsche Bank and JPMorgan, all of which have embraced blockchain applications in recent months.

Nica Osorio Nov 08, 2023

HSBC's profits have been boosted by surging interest rates by central banks aimed at taming inflation

HSBC Reports Bumper Profits On Rising Interest Rates

Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates.

AFP News Aug 01, 2023

HSBC Relaunches SVB UK As 'Innovation' Division

Asia-focused bank giant HSBC on Monday relaunched the recently-acquired UK arm of collapsed US lender Silicon Valley Bank as part of a major push into technology and life sciences.

AFP News Jun 12, 2023

HSBC's largest stakeholder, Ping An, has proposed splitting the business to seek better returns

HSBC Seeks To Keep Bank Intact As Shareholders Vote On Split

The vote comes at the end of a week in which the London-headquartered bank posted a surge in quarterly net profit.

AFP News May 05, 2023

HSBC chief Noel Quinn said he saw no 'global banking crisis on the horizon'

HSBC Profit Rockets On Rising Interest Rates

HSBC shares rallied 5.5 percent in midday London deals on Tuesday, as the bank announced a stock buy-back worth up to $2 billion and issued a bright outlook.

AFP News May 02, 2023

HSBC's largest shareholder wants to split apart the Asia-focused lender to earn better returns

HSBC Urges Shareholders To Vote Against Proposed Split

HSBC urges shareholders to vote against proposed split

AFP News Apr 19, 2023

HSBC Acquires Silicon Valley Bank UK For $1.20 As US SVB Collapses

The transaction, which excludes the assets and liabilities of SVB U.K.'s parent company, will protect the deposits of SVB U.K. clients, the U.K. Treasury said.

Pola Rubio Mar 14, 2023

A representation of the virtual cryptocurrency Bitcoin

HSBC Holdings, Nationwide Building Society Tighten Restrictions On Cryptocurrency Purchases In UK

The U.K. is seeing a rise in the number of banks cracking down on crypto transactions.

Monica Aggarwal Mar 03, 2023

HSBC's Job Listing On Tokenization Professional Seemingly Hints At Pivot On Anti-Crypto Stance

The bank is currently hiring a Product Director for tokenization use cases and digital assets.

Nica Osorio Feb 02, 2023

HSBC Hints At Plans Of Engaging Crypto In Metaverse, Official Documents Show

"As a bank, we're not getting into the crypto world, crypto trading, crypto exchanges," HSBC Group CEO Noel Quinn said in September.

Nica Osorio Dec 27, 2022

Banks In This Country Are Asking Employees To Return To Offices

As Prime Minister Boris Johnson announced the United Kingdom will ease its COVID protocols, major banks such as Goldman Sachs and HSBC have asked their employees to return to offices.

Joseph Gobran Jan 20, 2022

Fears are growing over Hong Kong's banking independence after HSBC suspended the accounts of an exiled former pro-democracy lawmaker

HSBC Accounts Of Hong Kong Pro-democracy Church Frozen: Pastor

HSBC accounts of Hong Kong pro-democracy church frozen: pastor

AFP News Dec 08, 2020

The global economic slowdown caused by the coronavirus has hit financial giants hard

HSBC Reports Lighter-than-expected Third-quarter Profit Fall

HSBC reports lighter-than-expected third-quarter profit fall

AFP News Oct 27, 2020

Campaigners complain that HSBC continues to fund fossil fuel projects including coal power

HSBC Bank Aims For Zero Carbon On Investments By 2050

HSBC bank aims for zero carbon on investments by 2050

AFP News Oct 09, 2020

HSBC has been overhauling its ability to fight financial crime and says it is "a much safer institution than it was in 2012" when it signed an accord with the US Justice Department on the issue

Banking Shares Plummet On Laundering Allegations

Banking shares plummet on laundering allegations

IBT Staff Reporter Sep 21, 2020

Deutsche slashed its payroll in 2019 by 4,100, to around 87,600

Report: Global Banks, Including HSBC, Deutsche Bank, JPMorgan, Have Laundered Trillions In Illicit Cash

Some of the most well-known banks in the world have been transferring huge amounts of cash for mobsters, fraudsters, criminals, drug dealers and oligarchs.

Palash Ghosh Sep 21, 2020

HSBC's share price has fallen more than 50 percent so far this year and is at its lowest since 1995

HSBC Shares Hit 25-year Low On Report Of China 'Unreliable List'

HSBC shares hit 25-year low on report of China 'unreliable list'

AFP News Sep 21, 2020

Banking giant HSBC has extended its agreement with British Cycling

HSBC Extends Agreement With British Cycling To Cover Tokyo Olympics

HSBC extends agreement with British Cycling to cover Tokyo Olympics

AFP News Sep 10, 2020

The Federal Reserve permitted Wells Fargo to boost loans to small businesses harmed by coronavirus shutdowns amid fresh signs of trouble in the rollout of a massive aid program

Banks In US, Europe Preparing For Full Impact Of Coronavirus Pandemic

Aside from anticipated loan losses and bankruptcies, banks are also dealing with very low interest rates.

Palash Ghosh Aug 10, 2020

A political earthquake has coursed through Hong Kong since the national security law came into effect

Hong Kong Banks May Suspend Accounts Of Officials Sanctioned By US

Banks are researching whether the networks of the officials put them at risk.

Palash Ghosh Aug 10, 2020

Before the onset of the virus, HSBC was already under pressure owing to China-US tensions and Brexit

HSBC's After-Tax First Half Profit Drops 69%: Job Cuts, Restructuring Accelerated

Financial giant's earnings plunge to $3.1 billion form $10 billion a year ago; 35,000 workers to be laid off.

Palash Ghosh Aug 03, 2020

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