HSBC Financial News

04.07 / 05:47

COST UPS Booking AXY Gap Racing HSBC Valued more than Morgan Stanley, but HDFC Bank has a score to settle with ICICI Bank

HDFC Bank racing ahead of global banking giants like Morgan Stanley and HSBC in terms of market capitalisation is grabbing headlines, what matters more for investors is whether the merged entity has enough firepower to widen its valuation premium against closest rival ICICI Bank. As one of the biggest wealth creators on Dalal Street, HDFC Bank has historically commanded a higher valuation premium against ICICI Bank and has often been worshiped as the epitome of a classic consistent compounder that can double every 5 years or so.

01.07 / 02:27

UPS HSBC Shriram Finance eyes $150 million social loan, HSBC lead arranger

Shriram Finance, India's second-biggest standalone non-bank lender by advances, plans to raise at least $150 million through a social loan for which HSBC is the sole mandated lead arranger. The pricing of the loan, which has a tenor of three years, would be around 200 basis points above the Secured Overnight Financing Rate (SOFR), the UK-based bank told ET. One basis point is 0.01 percentage point.

30.06 / 20:57

UPS Citi Mobile HSBC foreign Jio dials clutch of foreign banks for up to $1.5 billion loan

Reliance Jio Infocomm is in advanced talks with a clutch of bulge-bracket global banks to raise around $1-1.5 billion (₹8,200-12,330 crore) through an offshore syndicated loan. The funds will be used to buy 5G network gear from Sweden's Ericsson as India's biggest telecom operator looks to roll out next-gen mobile broadband services across the country by December 2023. The likes of HSBC, JP Morgan Chase and Citi among others are set to arrange an around 3-5 year loan for Jio, which is likely to be priced above the Secured Overnight Financing Rate (SOFR), a new global rate gauge, two people aware of the matter said.

30.06 / 13:05

UPS HSBC RBC CIBC RBC faces pressure to bolster capital after banking watchdog hikes buffer

Royal Bank of Canada is under new pressure to bolster its capital levels after the country’s financial regulator raised the minimum buffer for the largest banks.

30.06 / 13:05

UPS Citi Provident Citigroup HSBC HSBC to leave Canary Wharf for smaller office in London

HSBC Holdings PLC is planning to leave its Canary Wharf headquarters and downsize to a smaller office in the City of London, the latest sign of how a shift to flexible work is reshaping demand for offices.

29.06 / 09:27

COST Digital HSBC UBS Framework open MAS Proposes Open and Interoperable Framework for Digital Asset Networks

The Monetary Authority of Singapore (MAS) has unveiled a comprehensive report introducing a framework for the design of open and interoperable networks for digital assets. The report, titled «Enabling Open & Interoperable Networks,» is a collaborative effort between MAS and subject matter experts from the Bank for International Settlements' Committee on Payments and Market Infrastructure (CPMI), with contributions from various financial institutions [1].

28.06 / 09:35

markets Ethereum SEC HSBC Central Bank Futures Ethereum Options Ethereum price won't see $2K anytime soon, market data suggests

Ether (ETH) price faced strong resistance at $1,920 after the 17.5% rally between June 15 and June 22. A number of factors contributed to the limited upside, including worsening macroeconomic conditions, the regulatory cryptocurrency environment, and weaker demand for decentralized applications (DApps) on the Ethereum network.

27.06 / 14:25

Ethereum ETH Provident Digital Remark HSBC Bitcoin Time Ethereum Price Prediction as $10 Billion Trading Volume Sends ETH Up 7% – Time to Buy?

The price of Ethereum (ETH) has been on a remarkable upward rally, surging above the $18,000 level on Tuesday morning.

27.06 / 12:11

Citi JPMorgan Citigroup HSBC FLEX Fintech Files: StanChart’s crypto boss prefers remote working, AI’s potential to upend finance

There's a battle going on among City firms over the great work-from-who-knows-where's-best debate. On the one hand, the post-pandemic embrace of hybrid working has resulted in under-used office space. Global lender HSBC saw the writing on the wall and already signalled in 2021 a shift to trim office space, and giving staff the flex they wanted.

27.06 / 11:49

UPS Lowe's Target CME HSBC 2024 A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024

The U.S. will enter a downturn in the fourth quarter, followed by a «year of contraction and a European recession in 2024,» according to HSBC Asset Management.

26.06 / 11:39

ETF regulation HSBC Banks Bitcoin services HSBC rolls out cryptocurrency services in Hong Kong: Report

Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.

26.06 / 07:37

HSBC exit HSBC set to exit Canary Wharf HQ in a move to downsize

HSBC is expected to tell staff today that it will downsize and quit its Canary Wharf headquarters where it has held its main UK presence for more than two decades.

21.06 / 03:39

business Adoption HSBC virtual reality banking Nifty News: Queen, HSBC filings hint at NFTs, Yuga teases robot game and more

British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.

16.06 / 05:16

Citi CEO HSBC L&G picks Santander’s António Simões to succeed Sir Nigel Wilson as CEO

Santander's Europe head António Simões will become the new chief executive of Legal and General when Sir Nigel Wilson retires at the start of next year.

16.06 / 05:08

Adoption HSBC Bank of China Standard HSBC, Standard Chartered, and Bank of China Pressured by Hong Kong to Embrace Crypto Exchanges – Next Crypto Hub?

Hong Kong’s banking regulator has reportedly exerted pressure on banks including HSBC, Standard Chartered, and Bank of China to engage with crypto clients.

16.06 / 03:27

HSBC Standard Chartered Ft HSBC, StanChart face pressure from Hong Kong to take on crypto clients - FT

HSBC and Standard Chartered are among lenders facing pressure from Hong Kong's banking regulator to take on crypto exchanges as clients, the Financial Times reported on Thursday, citing three people with knowledge of the matter. The UK-based lenders and the Bank of China were questioned by the Hong Kong Monetary Authority (HKMA) last month on why crypto exchanges were not being accepted as clients, according to the report. Standard Chartered is in regular dialogue with regulators on different subjects, it said in an emailed statement to Reuters, declining to comment further on the FT report. HSBC and the HKMA did not immediately respond to a Reuters request for comments.

12.06 / 15:53

HSBC HSBC promotes Lindsell to lead structured finance unit globally

HSBC has promoted a key dealmaker to lead its structured finance unit globally in the first new appointment by the global co-heads of its investment bank.

12.06 / 11:11

IPO MET CEO HSBC SVB HSBC builds innovation division from the bones of collapsed SVB UK

U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology sector following its eleventh-hour rescue of the U.K. subsidiary of failed Silicon Valley Bank (SVB) in March.

08.06 / 08:19

Citi Cooper Platform Strategy HSBC Financial UAE Central Bank and Hong Kong Monetary Authority Bolster Financial Ties

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions.

07.06 / 05:33

UPS IPO Target HSBC Sky News HSBC says rebranded Silicon Valley Bank UK will maintain startup focus while targeting global growth

Silicon Valley Bank UK will continue to serve startup businesses from «seed funding to IPO,» the chief executive of its new owner, HSBC UK, said Tuesday.

06.06 / 16:58

FIVE HSBC HSBC beats rival UK banks on promoting mental health

HSBC has been ranked as one of the top employers in the UK for promoting good mental health in a closely-watched ranking by asset manager CCLA.

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