HSBC Financial News

Last year, banks overtook any other sector in terms of dividend payments, something that has not happened since before the Global Financial Crisis, Computershare noted.

Chancellor of the Exchequer Jeremy Hunt (pictured) will meet with UK banks CEOs on 23 January. | Copyright: HM Treasury

Schroder ISF Dynamic Income will offer access to a range of investments across listed equities, fixed income, convertible bonds and insurance-linked securities.

The consultation comes nearly a year after the collapse of Silicon Valley Bank, when HSBC stepped in to buy the bank’s UK subsidiary for £1 in March.

HMRC’s existing policy prevents ISAs from holding fractional shares of stocks, or less than a full share of a stock, which can require investors to sell their stakes and incur taxes on the gains.

HSBC plans to launch in 2024 a custody service for storing blockchain-based assets excluding cryptocurrency, the bank said on Wednesday. The service, which is a partnership with Swiss digital asset firm Metaco, will allow institutional clients to store blockchain-based tokens representing traditional financial assets, as opposed to crypto or stablecoins, HSBC said. HSBC said last week it had made tokens representing physical gold held in its London vault. The bank last year launched a digital asset platform, HSBC Orion, which allows financial institutions to issue blockchain-based versions of financial assets, also known as tokenised securities. «We're seeing increasing demand for custody and fund administration of digital assets from asset managers and asset owners, as this market continues to evolve,» said Zhu Kuang Lee, chief digital, data and innovation officer at HSBC.

Chainlink's (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization.

Major global banking company HSBC plans to launch an institutional custody platform for tokenized securities, also known as security tokens.

HSBC Holdings aims to introduce a custody service for digital assets, catering to institutional clients seeking exposure to tokenized securities.

Banking giant the Hong Kong and Shanghai Banking Corporation (HSBC) has tested the use of tokenized deposits — from issuance to transfer to redemption — with major Chinese financial services provider Ant Group, founded by Jack Ma, in a sandbox arranged by the Hong Kong Monetary Authority.

Amber Enterprises and Macquarie remained neutral on Nestle India. HSBC downgraded HUL to hold and Motilal Oswal upgraded PNB Housing Finance to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Amber Enterprises: Buy| Target Rs 3650 CLSA maintained a buy rating on Amber Enterprises with a target price of Rs 3650.

By Jonathan Cable

HSBC has nearly tripled the size of a syndicated overseas loan to retail non-banking financial company Shriram Finance to $400 million, with international financiers showing firm appetite for lending to the domestic NBFC sector amid a volatile global interest rate outlook. Senior management of HSBC, the sole arranger for the dollar loan, told ET that the facility had been upscaled from the original size of $150 million to $404 million. The deal will be concluded in the next few days. «This deal has several firsts and will surely be counted as a landmark transaction for both the borrower and the sector.

The director of one of the groups seeking to buy a stake in the Trans Mountain pipeline says nothing less than “material” ownership by Indigenous people is acceptable if Ottawa is serious about reconciliation.

The leader of Canada’s main opposition political party says the government should block HSBC Holdings PLC’s sale of its local operations to Royal Bank of Canada.

HSBC is relocating private bankers from Singapore to Australia as Wall Street returns in force to try to bank more of the country’s ultra-high net worth individuals and secretive family offices.

Notoriously, millennials hate talking on the phone; they’d much rather text, WhatsApp or SnapChat.  Unfortunately, banks have been hit by so many regulatory fines that they’re no longer in a mood to indulge this taste, and HSBC has now taken it to the logical conclusion – work phones will from now on have the SMS facility turned off.

HSBC Holdings Plc has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering its bet on Asia’s richest person. The London-based bank originally provided a £60 million ($73 million) loan facility to a subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021, according to UK registry filings.

₹4,000 crore, according to a report by news website Moneycontrol. The size of the proposed IPO may vary later depending on market conditions and share sale strategies of the investors, according to the report. "This is a big listing in the works.

Coal India share price (CIL) has gained more than 36% since end August and has scaled fresh 52-week high on Tuesday. The company remains in the spotlight on rising production and supplies while higher international coal prices also mean that the company’s realisations open market supplies to non-power sector will also improve. High dividend yield remains another key factor for higher investor interest in Coal India.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed today: downgrades at Cummins, JD.com, BioNTech, Crown Castle, and KB Home.