Aercap Sukuk Limited Guarantor (if any): AerCap Holdings N.V., AerCap Global Aviation Trust, AerCap Aviation Solutions B.V., AerCap Ireland Limited, AerCap Ireland Capital Designated Activity Company and AerCap U.S. Global Aviation LLC Aggregate nominal amount: USD Benchmark Description: Fixed due 3 October 2029 Offer price: TBC Other offer terms: Stabilisation: Pre Stabilisation Notice LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice, as S ...

British banking giant HSBC wants the tech industry's help with new fraud reimbursement rules. The bank said the regulations expected to go into effect next month will not prevent fraud, The Guardian reported Sunday (Sept. 22). David Callington, the head of fraud at HSBC UK, said while the new rules will lead banks and payment firms to upgrade their fraud detection systems, they won't be enough to stem the tide of authorized push payment (APP) fraud cases in the United Kingdom, per the report. Those fraud in ...

HSBC Holdings (HSBC) has signed an agreement to sell its private banking business in Germany to BNP Paribas (BNPQY) . The deal's financial terms, expected to close in the second half of 2025, have not been disclosed. The transaction, still subject to relevant regulatory approvals, is projected to result in a gain on sale for HSBC. As part of the agreement, the assets and customers of HSBC Germany's private banking business, along with nearly 120 employees, will be transferred to BNPQY. For BNPQY, the deal a ...

As HSBC Holdings plc (HSBC) seeks a larger share of the wealth management market in the U.K., the bank has gone on a hiring spree to recruit hundreds of bankers to serve the ultra-rich. The news was first reported by The Guardian. HSBC aims to strengthen the U.K. arm of its wealth and private banking operations by recruiting more relationship managers, who offer bespoke services and advice to rich clients in exchange for lucrative fees. According to a source familiar with the plan, while HSBC has headquarte ...

HSBC Holdings (HSBC) is considering a merger between its Commercial Banking and Global Banking and Markets divisions as part of its new CEO Georges Elhedery's efforts to reduce costs and improve operational efficiency. This news was first reported by Bloomberg. By integrating these two major divisions, HSBC aims to streamline operations, eliminate redundant roles and create a more focused approach to serving clients of all sizes. HSBC's Strategic Move to Reduce Overlap The step would bring together HSBC's C ...

Group 1: Merger Consideration - HSBC is considering a merger of its commercial and investment bank operations as part of new CEO Georges Elhedery's strategy to eliminate overlapping roles and reduce expenses [1][3] - The proposed merger could create a combined division with a workforce of 90,000, generating $40 billion in annual revenue, making it the bank's largest revenue driver [2] Group 2: Leadership Changes - Former CEO Noel Quinn opposed the merger idea, citing potential disruptions, but the change in leadership has led to a reconsideration of this strategy [3] - Georges Elhedery, the new CEO, has nearly 20 years of experience at HSBC and previously served as co-CEO of global banking and markets [4] Group 3: Cost-Cutting Measures - HSBC has been slowing hiring and asking investment bankers to cut expenses in anticipation of interest rate cuts, leaving some positions vacant and pausing hiring in certain departments [5]

Yellow cute robot stands on heap US banknote background. Pla2na/iStock via Getty Images If you're looking for yield, deep value stocks are among those you should be looking at. Such stocks often have very high yields, and as a class have a slightly higher than average yield. The Roundhill Deep Value ETF (DEEP) has a 1.62% 30-day SEC yield, which is slightly higher than that of the S&P 500. It's not an enormous yield in itself; however, the deep value basket it tracks does contain some high yield names. In t ...

HSBC Holdings plc's (HSBC) incoming chief executive officer (CEO), Georges Elhedery, is considering a significant organizational transformation intended to streamline the company's operations, according to a Bloomberg report. After taking over as the new CEO on Sept. 2, Elhedery will mull plans that could include cutting layers of middle management and reducing the number of country heads across HSBC's global footprint. These anticipated job cuts align with HSBC's ongoing focus on improving efficiency and c ...

Goldman Sachs (GS) and HSBC Holdings plc (HSBC) , along with the other two companies, have settled a long-standing class action lawsuit, putting an end to claims of market manipulation in the platinum and palladium markets that have persisted for over a decade. The other defendants in the lawsuit are German industrial company BASF (BASFY) and London-based ICBC Standard Bank. GS, HSBC, BASFY and ICBC Standard Bank have agreed to pay $20 million to settle the long-standing platinum price-fixing antitrust laws ...

HSBC Holdings plc's (HSBC) India branch has announced a strategic partnership with Bajaj Allianz General Insurance, one of the leading private general insurers in India. The aim of the bancassurance partnership is to offer Bajaj Allianz's comprehensive suite of insurance products and services to HSBC's vast customer base in India, based on a shared vision of financial inclusion and customer empowerment across the country. Notably, bancassurance is an insurance distribution model in which an insurance compan ...