HSBC HOLDINGS(HSBC)
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HSBC to Sell French Life Insurance Arm, Focus on Profitable Operations
ZACKS· 2024-12-24 18:06
HSBC's Strategic Divestiture and Restructuring - HSBC Continental Europe signed an MOU for the potential sale of its French life insurance arm, HSBC Assurances Vie (France), to Matmut Société d'Assurance Mutuelle [1] - The transaction is expected to close in the second half of 2025, resulting in a pre-tax loss of €0.1 billion [2] - HSBC Assurances Vie (France) manages over €20 billion in assets, recorded a net income of €77 million in 2023, and has a Solvency II ratio of 287% [8] - The deal is valued at €925 million and aligns with HSBC's strategy to simplify operations and focus on growth markets [3][8] HSBC's Asia-Focused Strategy - HSBC aims to enhance shareholder returns by consolidating operations and concentrating on Asia [5] - The company will operate through four business lines starting Jan 1, 2025: Hong Kong, UK, Corporate & Institutional Banking, and International Wealth & Premier Banking [4] - HSBC intends to reinvest divestiture proceeds in expanding its presence in Southeast Asia and China [11] - The company acquired Citigroup's retail wealth management business in China and Singapore-based SilkRoad Property Partners Group, and re-launched its private banking business in India [11] HSBC's Operational Streamlining Efforts - HSBC is divesting from less profitable markets, including private banking in Germany, South Africa, Argentina, and Armenia [14] - The company has exited retail banking businesses in the United States, Canada, France, New Zealand, Greece, and Russia [14] - HSBC Global Asset Management (France) will maintain its partnership with HSBC Assurances Vie (France) post-sale, ensuring continuity for customers and partners [9] Peer Performance and Market Position - HSBC's shares have gained 20.1% year-to-date, outperforming the industry's rally of 6.7% [15] - DBS Group Holdings Ltd (DBSDY) saw a 22.2% share price increase in the past six months, with current-year earnings estimates revised 1.4% upward [7] - UBS Group AG (UBS) had an 18.5% upward revision in current-year earnings estimates and a 1.7% share price gain in the past six months [12]
2 Foreign Bank Stocks to Buy From a Flourishing Industry for 2025
ZACKS· 2024-12-24 15:35
Banks worldwide have been continuously undertaking restructuring efforts to focus more on core operations. While these efforts are expected to result in elevated expenses, they will aid growth in the long run. While the uneven economic recovery in developed and emerging nations has been hurting revenue growth for companies within the Zacks Foreign Banks Industry, relatively lower interest rates will provide support.Despite geopolitical concerns, industry players like HSBC Holdings plc (HSBC) and UBS Group A ...
汇丰控股(00005) - 翌日披露报表

2024-12-24 09:16
FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別: 股票 狀態: 新提交 公司名稱: HSBC Holdings plc 滙豐控股有限公司 呈交日期: 2024年12月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00005 | 說明 | 普通股(每股0.50美元) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | | 庫存 ...
汇丰控股(00005) - 翌日披露报表

2024-12-23 09:36
FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別: 股票 狀態: 新提交 公司名稱: HSBC Holdings plc 滙豐控股有限公司 呈交日期: 2024年12月23日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 00005 | 說明 | 普通股(每股0.50美元) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | | 庫存股份變動 | | | | | 事 ...
汇丰控股(00005) - 翌日披露报表

2024-12-20 08:46
表格類別: 股票 狀態: 新提交 公司名稱: HSBC Holdings plc 滙豐控股有限公司 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 00005 | 說明 | | 普通股(每股0.50美元) | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | | 庫存股份變動 | | | | | | 事件 | 已發行股份(不包括庫存股份)數 目 | | 佔有關事件前的現有已發 行股份(不包括庫存股 份)數目百 ...
汇丰控股(00005) - 翌日披露报表

2024-12-19 09:08
FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別: 股票 狀態: 新提交 公司名稱: HSBC Holdings plc 滙豐控股有限公司 呈交日期: 2024年12月19日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00005 | 說明 | 普通股(每股0.50美元) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | | 庫存 ...
汇丰控股(00005) - 翌日披露报表

2024-12-18 09:05
FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別: 股票 狀態: 新提交 公司名稱: HSBC Holdings plc 滙豐控股有限公司 呈交日期: 2024年12月18日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00005 | 說明 | 普通股(每股0.50美元) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | | 庫存 ...
汇丰控股(00005) - 翌日披露报表

2024-12-17 09:06
FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別: 股票 狀態: 新提交 公司名稱: HSBC Holdings plc 滙豐控股有限公司 呈交日期: 2024年12月17日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 00005 | 說明 | 普通股(每股0.50美元) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | | 庫存 ...
HSBC's Unit Sued by ASIC Over Systemic Failures in Scam Prevention
ZACKS· 2024-12-16 17:01
HSBC Holdings plc’s (HSBC) Australia unit, HSBC Bank Australia, has been sued by the Australian Securities and Investments Commission (“ASIC”) for failing to protect its customers from losing millions of dollars in scams.ASIC’s Findings and Allegations Against HSBC Bank AustraliaAccording to ASIC’s report from Monday, HSBC received approximately 950 reports of fraudulent transactions between January 2020 and August 2024, which resulted in a total loss of around A$23 million ($14.6 million) for its customers ...
HSBC Mulls Over Streamlining Retail Banking Business in Mexico
ZACKS· 2024-12-16 16:25
HSBC Holdings PLC (HSBC) is considering retrenching its retail operations outside the U.K. and Hong Kong, particularly in Mexico, to mitigate costs further and focus on wealthier “premier” clients. This was revealed by people familiar with the discussions to the Financial Times.Rationale Behind HSBC’s Operation Scale DownHSBC is reviewing the regions excluding its core markets to reduce its consumer presence. The company plans to focus on wealthier “premier clients.”HSBC entered Mexico by acquiring Grupo Fi ...