HSBC Financial News

04.08 / 16:45

Provident Binance Digital Career CEO HSBC compliance Binance Appoints New Deputy Chief Compliance Officer and Global Money Laundering Reporting Officer

On Thursday, Binance announced Kristen Hecht as the new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO), a new role amid potential fraud charges from U.S. regulators.

04.08 / 07:49

UPS Provident HSBC Invesco performer Returns Top MFs: These mutual funds gave up to 22% returns in one year

Hybrid Funds are balanced funds that invest primarily 65 to 80% of their total portfolio in equity, and the remaining 20 to 35% in debt instruments like fixed deposits. Hybrid funds can be classified into three categories - conservative, balanced, and aggressive.

04.08 / 00:59

IPO Assurant HSBC Concord Concord Biotech raises Rs 465 crore from 41 anchors

Concord Biotech raised ₹464.95 crore from anchor investors ahead of its IPO. The company allocated 6.28 million shares at ₹741 per share on Thursday to 41 anchor investors.

03.08 / 17:39

IPO Booking Assurant HSBC band Concord Backed Concord Biotech IPO: Rekha Jhunjhunwala-backed IPO mobilises ₹465 crore from anchor investors ahead of subscription

Concord Biotech IPO: Rare Enterprises-backed Concord Biotech said in an exchange filing that it has raised ₹465 crore from anchor investors, a day ahead of its initial public offer (IPO) opening for bidding. Concord Biotech IPO will open for subscription on Friday, August 4 and close on Tuesday, August 8. The company had fixed the price band at ₹705 to ₹741 per equity share for the proposed initial public offer.

03.08 / 12:37

Citi CEO JPMorgan Platform HSBC performer What banks are actually saying about hiring and firing in 2023

Are things on the mend? When Goldman Sachs announced its second quarter results last month, it said it no new'unusual' job cuts were planned. HSBC reiterated this week that its grand cost-cutting program ended in 2022. Brian Bissonette, an ex-director at Merrill Lynch who now works for M&A execution platform Dealcloud, is letting it be known that his banking clients are saying their layoffs are over.

03.08 / 12:37

UPS Telegram HSBC show Barclays, Morgan Stanley lose risk MDs to HSBC, TD Securities

2023 may not be a bumper year for banks, but that doesn’t mean that banks aren’t on the look out for good risk managers to keep them out of (general) trouble.

03.08 / 08:57

Provident CEO HSBC Invesco Top Mutual Funds: These 10 mid-cap funds delivered the best return in one year

Top Mutual Funds: Investing in Mutual Funds (MFs) is associated with risk. Mid-cap MF schemes are considered suitable for portfolio diversification as they invest in medium-sized companies that have good growth potential. However, these mutual funds have a significant amount of risk associated with them.

03.08 / 07:25

UPS Provident FIVE Amazon HSBC Qualcomm Amazon Great Freedom Festival Sale 2023: Best deals on smartphones under ₹20,000

Amazon is providing an extra 10 per cent instant discount for transactions made with SBI Credit Card or through EMI. The sale will run until August 8 and will feature substantial discounts on various products including smartphones, laptops, TVs, smartwatches, audio devices and other electronics. Here are some of the best deals on smartphones under ₹20,000.

03.08 / 06:31

Lowe's Target Booking HSBC track profit booking Should investors eye Titan or fastrack profit booking post Q1 earnings?

Titan Company fell 3% to the day's low of Rs 2,886 on the NSE in Thursday's early trade after the jewellery maker reported a 2% year-on-year (YoY) decline in the June quarter net profit on Wednesday.Tata Group's fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 crore for the quarter ended June 2023. Its quarterly revenue jumped 19% YoY to Rs 10,306 crore. Both figures were below the Street estimate.

03.08 / 04:51

UPS Target Aviat HSBC track Hot Stocks: Brokerages view on M&M Finance, Mankind Pharma, HPCL, Indigo and Titan Company

Mankind Pharma, Jefferies retained an underperform rating on HPCL, Morgan Stanley had a buy call on Indigo and HSBC maintained a buy on Titan Company. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on M&M Finance: Equal-Weight| Target Rs 300 Morgan Stanley maintained an equal-weight rating on M&M Finance with a target price of Rs 300. Disbursements and collections remained strong in July. Collection efficiency in July was also marginally better.Macquarie on Mankind Pharma: Outperform| Target Rs 1450 Macquarie maintained an outperform rating on Mankind Pharma with a target price of Rs 1450.

02.08 / 20:37

HSBC BlackRock bonds ESG funds equities Aviva bond funds Sustainable bond funds shed £653m in H1 2023 as ESG equities add £10.3bn

Netting £4.5bn, Equity Global funds were the most popular sustainable classification, followed by US and emerging market equity.

02.08 / 08:01

UPS CEO Fallout HSBC rock exit NOT HSBC CEO on Farage-Coutts spat: 'We do not exit clients based on their lawful personal views'

LONDON — HSBC CEO Noel Quinn said Tuesday that the lender would not «exit a client based on their lawful personal views,» after Coutts' termination of Brexit figurehead Nigel Farage's account sparked a banking scandal in the U.K.

02.08 / 07:07

UPS Booking Airlines Mobile HSBC Celebrity IndiGo announces anniversary sale, offers discount up to Rs 2,000

IndiGo, India's leading airline on Wednesday is celebrating its 17th anniversary by announcing its three-day sale for all customers starting August 2, 2023 to August 4, 2023. The offers are a part of its anniversary celebrations ‘HappyIndiGoDay.' The airline is offering a 12 per cent discount on all tickets booked from its website and mobile app till August 3 while seven per cent discount will be given on August 4, said the company in its statement.

01.08 / 20:47

NASDAQ HSBC DAX Pfizer reports 500 Global markets update: S&P 500, Nasdaq edge lower on mixed set of earnings reports

Pfizer edged 1.2% lower after its quarterly revenue fell short of analysts’ expectations. European stocks declined on Tuesday, on shrinking factory activity in the euro zone. The pan-European benchmark STOXX 600 fell 0.9%.

01.08 / 09:07

UPS Target Reuters HSBC show performer Buyback HSBC announces $2 billion buyback as higher rates raise profit targets: Report

share buyback on Tuesday to raise its key profitability target as the increasing central bank interest rates across the world helped it more than double income for the first half of the year, according to Reuters reports. The financial services company raised its near-term return on tangible equity goal to at least mid-teens for 2023 and 2024, from a previous target of at least 12% from 2023 onwards. It reported a return on tangible equity of 9.9% for 2022.

01.08 / 08:43

Target HSBC DHL show performer European shares slip as Asia factory activity falters

Asia and some disappointing earnings stalled a rally in markets that had pushed several regional indexes to multi-year highs recently. The pan-European STOXX 600 index dipped 0.1% by 0714 GMT, with miners and real estate among the top decliners.

01.08 / 07:48

UPS FIVE ETF Manufacturing HSBC NIFTY Mutual fund houses launches 36 active, 30 passive NFOs in 2023

The thematic funds — other category had around 10 new fund offers during January to July 2023. The new schemes were from business cycle, innovation fund, defence, active momentum, non-cyclical consumer, quant, manufacturing, and transportation and logistics theme. The multi cap category had five new fund offers in the first seven months of 2023. Mutual fund houses such as HSBC Mutual Fund, Mirae Asset Mutual Fund, Tata Mutual Fund, Bank of India Mutual Fund, and Canara Robeco Mutual Fund came up with new fund offerings of multi cap schemes.

01.08 / 05:53

UPS HSBC dealmaking HSBC’s dealmaking unit jumps 69% despite M&A slump

HSBC's investment banking unit surged by 69% in the second quarter as the UK lender benefited from a rebound in debt capital markets activity despite a slump in M&A that has hit its rivals.

01.08 / 04:49

UPS Compilation HSBC analysts HSBC sees 89% rise in quarterly pre-tax profit, beating analysts' expectations

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31.07 / 16:07

COST UPS Citigroup HSBC UBS rate hikes interest rate hikes Premium Interest rate hikes, jobs forecast, commercial property death spiral, equity-risk premium worries

Another Monday, another week full of important figures and decisions that could affect your clients’ investment decisions.

31.07 / 04:41