HSBC Holdings is intensifying its cost-control initiatives by canceling some internal events and reducing company travel. These steps come as the new CEO, Georges Elhedery, aims to manage expenses closely ahead of the third-quarter earnings report. The bank has recently scrapped a business banking summit in India along with other global events. Employees have been informed that internal travel will be restricted until the end of the year, with some plans facing delays or cancellations, affecting even senior ...

FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 For the month of September HSBC Holdings plc 42nd Floor, 8 Canada Square, London E14 5HQ, England (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F). Form 20-F X Form 40-F HSBC HOLDINGS PLC 30 September 2024 Notification of Transactions by Persons Discharging Manage ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely o ...

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 ...

Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations. The plan is part of new CEO Georges Elhedery's effort to eliminate overlapping roles across the company and reduce expenses, Bloomberg reported Monday (Sept. 9), citing unnamed sources. The merger could marry HSBC's global banking and markets business, creating a combined division with a 90,000-person workforce that would be the bank's largest driver of revenue at $40 billion a year, according to the repo ...

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 ...