|30 Oct 2023||
HSBC Holdings plc 3Q 2023 Earnings Release
“We’ve had three consecutive quarters of strong financial performance and are on track to achieve our mid-teens return on tangible equity target for 2023,” said Group Chief Executive Noel Quinn.
|09 Oct 2023||
HSBC signs agreement to acquire Citi’s retail wealth management portfolio in China
‘This investment will allow us to further build out our core wealth business in HSBC Bank China,’ said Nuno Matos, CEO, Wealth and Personal Banking.
|20 Sep 2023||
HSBC plans climate tech funding push
HSBC has announced plans to make available $1bn of financing to early-stage climate tech companies around the world.
|01 Aug 2023||
HSBC Holdings plc Interim Results 2023
“We have delivered a strong first half performance and are confident of achieving our revised mid-teens return on tangible equity target in 2023 and 2024,” said Group Chief Executive Noel Quinn.
|01 Aug 2023||
HSBC announces plans for new joint venture with Tradeshift
HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps.
|05 Jul 2023||
HSBC becomes first bank to join the UK’s pioneering commercial quantum secure metro network
HSBC is the first bank to join BT and Toshiba’s pioneering commercial quantum secure metro network, working in collaboration with Amazon Web Services (AWS).
|12 Jun 2023||
HSBC Innovation Banking launches at London Tech Week
New standalone entity, formerly Silicon Valley Bank UK, will be core to HSBC’s strengthened global innovation economy proposition.
|02 May 2023||
HSBC Holdings plc 1Q 2023 Earnings Release
“Our strong first quarter performance provides further evidence that our strategy is working,“ said Group Chief Executive Noel Quinn.
|19 Apr 2023||
HSBC response to statement by Ping An Asset Management Company
The Board of HSBC believes a structural reconfiguration of HSBC Asia Pacific would result in material loss of value for HSBC shareholders.
|14 Apr 2023||
HSBC Continental Europe: update on sale of retail banking business in France
Significant interest rate rises since the sale terms were agreed and the related fair value accounting treatment on acquisition have made completion by the Purchaser Group less certain.
|13 Mar 2023||
HSBC acquires Silicon Valley Bank UK Limited
HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.
|21 Feb 2023||
HSBC Holdings plc Annual Results 2022
“2022 was another good year for HSBC,” said Group Chief Executive Noel Quinn. “We completed the first phase of our transformation and our international connectivity is now underpinned by good, broad-based profit generation around the world.”
|29 Nov 2022||
HSBC agrees to sell its business in Canada to Royal Bank of Canada
HSBC Holdings plc announces its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has today entered into an agreement to sell its banking business in Canada (‘HSBC Canada’) to Royal Bank of Canada, subject to regulatory and governmental approvals.
|25 Oct 2022||
HSBC Holdings plc announces Georges Elhedery appointed as Group Financial Officer and Executive Director, Greg Guyett appointed CEO of GBM - Ewen Stevenson to step down.
|25 Oct 2022||
HSBC Holdings plc 3Q 2022 Earnings Release
“We maintained our strong momentum in the third quarter and delivered a good set of results,” said Group Chief Executive Noel Quinn.
|22 Sep 2022||
HSBC Asset Management to phase out thermal coal investments
22 September 2022 – HSBC Asset Management (HSBC AM), has announced its policy to phase out coal-fired power and thermal coal mining (‘thermal coal’) from its listed holdings.
|01 Aug 2022||
HSBC Holdings plc Interim Results 2022
“Our first-half performance reflects the continued impact of our strategy, with gathering revenue momentum and tight cost control,” said Group Chief Executive Noel Quinn.
|26 Apr 2022||
HSBC Holdings plc 1Q 2022 Earnings Release
“Our strategy is on track, with organic growth and good momentum across most parts of the Group,” said Group Chief Executive Noel Quinn.
|16 Mar 2022||
HSBC announces net zero steps
HSBC Holdings plc (‘HSBC’) today announces plans to continue our leadership on climate change and outlines three steps we will take to turn our net zero ambition for our portfolio of clients into business transformation across the bank.
|22 Feb 2022||
HSBC Holdings plc Annual Results 2021
HSBC Holdings plc reported profit before tax of USD18.9bn in 2021, up USD10.1bn on 2020. “We have good momentum coming into 2022,” said Group Chief Executive Noel Quinn.
|22 Feb 2022||
HSBC sets net zero aligned targets to reduce financed emissions from oil and gas, power and utilities sectors
HSBC Holdings plc (HSBC) today publishes ambitious new 2030 targets for reductions in financed emissions from two carbon intensive sectors, Oil and Gas, and Power and Utilities.
|11 Feb 2022||
HSBC completes acquisition of AXA Singapore
Further to the announcement on 16 August 2021, HSBC Insurance (Asia Pacific) Holdings Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has completed the acquisition of 100% of the issued share capital of AXA Insurance Pte Limited (AXA Singapore).
|31 Jan 2022||
HSBC becomes partner in Breakthrough Energy Catalyst
HSBC Holdings plc (“HSBC”) is today announcing it is investing USD100m as an anchor partner in Breakthrough Energy Catalyst, (“Catalyst”), a groundbreaking programme that leverages private-public capital to accelerate the development of clean technologies that will help achieve net-zero emissions by 2050.
|30 Dec 2021||
HSBC receives regulatory approval to acquire remaining 50% stake in HSBC life China
HSBC Insurance (Asia) Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has received approval from the Shanghai office of the China Banking and Insurance Regulatory Commission to acquire the remaining 50% equity interest in HSBC Life Insurance Company Limited (HSBC Life China), which would allow HSBC to take its shareholding to 100% upon completion.
|23 Dec 2021||
HSBC to acquire L&T Investment Management
HSBC Asset Management (India) Private Ltd, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has entered into an agreement with L&T Finance Holdings Limited (LTFH) to fully acquire L&T Investment Management Limited (LTIM) for US$425 million.
|14 Dec 2021||
HSBC announces thermal coal phase-out policy
HSBC Holdings plc (“HSBC”) is today setting out a detailed policy to phase out the financing of coal-fired power and thermal coal mining by 2030 in EU and OECD markets, and worldwide by 2040.
|13 Dec 2021||
Statement on the Bank of England 2021 stress test results
HSBC Holdings plc (‘HSBC’ or together with its subsidiaries, the ‘Group’) notes the publication today of the Bank of England’s 2021 Solvency Stress Test (‘SST’) results.
|25 Oct 2021||
HSBC Holdings plc 3Q 2021 Earnings Release
“We had a good third-quarter performance, with strong growth in profits supported by additional credit provision releases,” said Group Chief Executive Noel Quinn.
|30 Sep 2021||
HSBC and Temasek Launch Partnership to Catalyse Sustainable Infrastructure Projects in Asia
HSBC Holdings plc (“HSBC”) and Temasek today announced a partnership to establish a debt financing platform dedicated to sustainable infrastructure projects with an initial focus on Southeast Asia, as part of efforts to reduce climate change.
|17 Sep 2021||
HSBC appoints Senior Adviser to the Group Chairman
HSBC announces the appointment of Lord Udny-Lister as Senior Adviser to Mark Tucker, Group Chairman, HSBC Holdings, with effect from 27 September 2021.
|16 Aug 2021||
HSBC to acquire AXA Singapore
HSBC has agreed to acquire AXA Singapore for USD575 million - a key step in supporting its ambition to be Asia’s leading insurance and wealth provider.
|02 Aug 2021||
HSBC Holdings plc Interim Results 2021
HSBC Holdings plc reported profit before tax in 1H21 of USD10.8bn, up from USD4.3bn in 1H20. All regions were profitable and there was continued strength in Asia.
|18 Jun 2021||
Sale of retail banking business in France
HSBC Continental Europe (‘HBCE’) has today signed a Memorandum of Understanding (‘MOU’) with Promontoria MMB SAS (‘My Money Group’), its subsidiary Banque des Caraïbes SA (the ‘Purchaser’) and My Money Bank (‘MMB’), regarding the potential sale of HBCE’s retail banking business in France.
|07 Jun 2021||
HSBC appoints David Liao and Surendra Rosha as Co-Chief Executives for Asia Pacific
David Liao and Surendra Rosha have been appointed as Co-Chief Executives of HSBC Asia Pacific, taking over from Peter Wong with immediate effect.
|26 May 2021||
HSBC exits US mass market retail banking
Strategically repositions US retail business towards international banking and wealth management.
|20 May 2021||
HSBC partners with WRI and WWF to scale next generation solutions to climate change
HSBC, in partnership with WRI and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change.
|27 Apr 2021||
HSBC Holdings plc 1Q 2021 Earnings Release
“We had a good start to the year in support of our customers, while achieving materially enhanced returns for our shareholders,” said Group Chief Executive Noel Quinn.
|23 Feb 2021||
HSBC Holdings plc Annual Results 2020
HSBC Holdings plc reported profit before tax of USD8.8bn, down 34%, from higher expected credit losses and other credit impairment charges and lower revenue, partly offset by a fall in operating expenses.
|22 Feb 2021||
HSBC Holdings plc Senior management changes
HSBC has today announced a number of changes to its senior management team.
|16 Feb 2021||
HSBC announces appointment of Celine Herweijer as Group Chief Sustainability Officer
HSBC Holdings plc announces the appointment of Dr Celine Herweijer as Group Chief Sustainability Officer, effective July 2021.
|30 Nov 2020||
HSBC announces Nuno Matos as incoming Chief Executive of Wealth and Personal Banking
Nuno Matos is appointed as Chief Executive of Wealth and Personal Banking (WPB), subject to regulatory approval.
|27 Oct 2020||
HSBC Holdings plc 3Q 2020 Earnings Release
“These were promising results against a backdrop of the continuing impacts of COVID-19 on the global economy,” said Group Chief Executive Noel Quinn.
|14 Oct 2020||
HSBC survey of issuers and investors finds largest share believe more strongly in ESG issues
Capital market participants are attaching greater importance to sustainable finance than a year ago, even as issuers and investors navigate unprecedented challenges due to the COVID-19 pandemic.
|09 Oct 2020||
HSBC sets out ambition to build a net zero economy
HSBC today announced an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy.
|10 Sep 2020||
Mastercard launches partnership with HSBC to promote more sustainable and inclusive communities
HSBC and Mastercard today announced a partnership under Mastercard’s City Possible framework whereby the two companies will provide their expertise to help cities achieve sustainable economic growth.
|03 Aug 2020||
HSBC Holdings plc Interim Results 2020
HSBC Holdings plc reported profit before tax of USD4.3bn, down 65%, reflecting the impact of COVID-19, falling interest rates, increased geopolitical risk and heightened levels of market volatility.
|29 Jul 2020||
HSBC partners with the Asian Development Bank to provide USD1.2bn funding lifeline to Asian supply chains
HSBC is partnering with the Asian Development Bank to provide finance to suppliers of vital medical equipment and support the recovery from COVID-19.
|04 May 2020||
HSBC to acquire remaining 50 per cent stake in its life insurance joint venture in China
HSBC Insurance (Asia) Limited has entered into an agreement to acquire the remaining equity interest in HSBC Life China, subject to regulatory approval.
|28 Apr 2020||
HSBC Holdings plc 1Q 2020 Earnings Release
HSBC Holdings plc reported profit before tax of USD3.2bn, down 48%, primarily reflecting the impact of the COVID-19 outbreak and weakening oil prices.
|31 Mar 2020||
Statement on 2019 fourth interim dividend and 2020 ordinary share dividends
HSBC has announced that it has cancelled the fourth interim dividend for 2019 amid the economic uncertainty surrounding the coronavirus pandemic.
|17 Mar 2020||
HSBC appoints Noel Quinn as Group Chief Executive
HSBC Holdings plc announces that Noel Quinn is appointed Group Chief Executive Officer. This is effective immediately.
|18 Feb 2020||
HSBC Holdings plc Annual Results 2019
HSBC Holdings plc reported profit before tax for 2019 of USD13.3 billion, down 33 per cent. Adjusted profit before tax rose 5 per cent to USD22.2 billion.
|05 Feb 2020||
HSBC Holdings plc - Senior management changes
HSBC Holdings plc announces changes to its senior management team which will position the Group for the next phase of its growth.
|16 Dec 2019||
Statement on the Bank of England 2019 stress test results
HSBC Holdings plc notes the publication today of the results of the Bank of England’s 2019 stress test.
|09 Dec 2019||
HSBC Holdings plc - Senior management changes
HSBC Holdings plc announces a number of changes to its senior management team which will position the Group for the next phase of its strategy.
|28 Oct 2019||
HSBC Holdings plc 3Q 2019 Earnings Release
HSBC Holdings plc reported profit before tax was down 18 per cent to USD4.8 billion. Reported revenue was down 3 per cent to USD13.4 billion.
|05 Sep 2019||
HSBC appoints Jonathan Calvert-Davies as Group Head of Internal Audit
HSBC Holdings plc announces the appointment of Jonathan Calvert-Davies as Group Head of Internal Audit, effective 1 October 2019.
|08 Aug 2019||
HSBC appoints Barry O’Byrne interim Chief Executive, Global Commercial Banking
HSBC Holdings plc announces the appointment of Barry O’Byrne as interim Chief Executive of Global Commercial Banking, subject to regulatory approval.
|05 Aug 2019||
HSBC Holdings plc Interim Results 2019
HSBC Holdings plc reported profit after tax of USD9.9 billion in the first half of 2019, up 18.1 per cent. Reported revenue was up 7.6 per cent.
|05 Aug 2019||
HSBC Holdings plc Group Chief Executive steps down and appointment of interim Group Chief Executive
HSBC Holdings plc announces that John Flint has today stepped down as Group Chief Executive and as a Director by mutual agreement with the Board.
|08 Jul 2019||
HSBC announces retirement of Patrick Burke and appointment of Michael Roberts as President and CEO, HSBC USA
HSBC Holdings plc announces that Patrick Burke will retire from HSBC, to be succeeded as President and Chief Executive Officer, HSBC USA by Michael Roberts.
|03 May 2019||
HSBC Holdings plc 1Q 2019 Earnings Release
HSBC Holdings plc reported profit after tax of USD4.9 billion for the first quarter of 2019, up 31 per cent compared with the first quarter of 2018.
|19 Feb 2019||
HSBC Holdings plc Annual Results 2018
HSBC Holdings plc reported profit before tax of USD19.9 billion in 2018, up 16 per cent on 2017. Reported revenue rose 5 per cent to USD53.8 billion.
|14 Jan 2019||
HSBC settles $250bn of FX transactions using distributed ledger technology
HSBC has settled more than three million FX transactions and made more than 150,000 payments worth $250 billion using distributed ledger technology.
|28 Nov 2018||
Statement on the Bank of England 2018 stress test results
HSBC Holdings plc (‘HSBC’) notes the publication today of the results of the Bank of England’s 2018 concurrent stress test.
|02 Nov 2018||
Statement of results of the 2018 EU-wide stress test
HSBC Holdings plc notes the publication today of the results of the EU-wide stress test which has been co-ordinated by the European Banking Authority.
|01 Nov 2018||
Businesses alter course as political headwinds threaten global trade
Businesses are upbeat about their prospects, but many are revising strategies as protectionism affects international trade, a new HSBC survey finds.
|29 Oct 2018||
HSBC Holdings plc 3Q 2018 Earnings Release
HSBC Holdings plc reported profit before tax of USD5.9 billion for the third quarter of 2018, up 28 per cent compared with the third quarter of 2017.
|17 Sep 2018||
HSBC announces retirement of Peter Boyles to be succeeded by António Simões
Peter Boyles will retire from HSBC, to be succeeded as Chief Executive, Global Private Banking, by António Simões, subject to regulatory approval, effective 1 January 2019.
|12 Sep 2018||
ESG moves mainstream
Sixty-one per cent of major investors have an Environmental, Social and Governance (ESG) strategy, an HSBC survey finds.
|10 Sep 2018||
Half of women around the world fear they won‘t be able to afford food in retirement
Half of women around the world fear they won‘t be able to afford food in retirement, HSBC research finds.
|06 Aug 2018||
HSBC Holdings plc Interim Results 2018
HSBC Holdings plc reported profit before tax of USD10.7 billion in the first half of 2018, up 5 per cent. Reported revenue rose 4 per cent, to USD27.3 billion.
|05 Jul 2018||
The most important intelligence isn’t artificial…
HSBC predicts surprising banking jobs of the future, including ‘Mixed Reality Experience Designer’ and ‘Algorithm Mechanic’
|25 Jun 2018||
HSBC announces retirement of Iain Mackay to be succeeded by Ewen Stevenson as Group Finance Director
HSBC Holdings plc announces that Iain Mackay will retire from HSBC, to be succeeded as Executive Director and Group Finance Director by Ewen Stevenson.
|11 Jun 2018||
HSBC Strategy Update
HSBC Group Chief Executive John Flint has updated investors and analysts on the bank’s strategy and its plans to get back into growth mode.
|14 May 2018||
HSBC and ING execute groundbreaking live trade finance transaction on R3’s Corda Blockchain platform
Letter of Credit transaction facilitated bulk shipment of soybeans for Cargill.
|04 May 2018||
HSBC Holdings plc 1Q 2018 Earnings Release
HSBC Holdings plc had a reported revenue of USD13.7bn for the first quarter of 2018, up 6 per cent.
|20 Apr 2018||
HSBC strengthens energy policy
The bank will stop financing new coal-fired power worldwide as part of its efforts to support a transition to a low-carbon economy.
|21 Mar 2018||
Firms turn ‘home’ as protectionism bites
The majority of firms globally are concerned about protectionism but remain optimistic about trade prospects, according to HSBC’s Navigator survey.
|22 Feb 2018||
HSBC Germany increases revenues and paves the way for further growth
The HSBC Trinkaus & Burkhardt Group (“HSBC Germany”) continued to grow in the 2017 financial year, gaining further market shares in the competitive German banking market.