HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns interest on every dollar deposited into the account, the bank said in a Thursday (May 16) press release. "Every organization has complex needs, and the HSBC Hybrid Checking Account provides an important solution to our clients by both offsetting service fees and growing account balances at the same time," Thomas Halpin, head of glob ...

There are several options including "further share sales, similar to the $50 million sale it disclosed last week." Ping An sold HSBC shares worth 391.49 million Hong Kong dollars ($50.19 million) on May 7, cutting its stake from 8.01% to 7.98%. The sale marked the first disposal of shares from Ping An since it backed a 2023 shareholder motion that sought to spin off its Asia business and establish fixed dividends. That motion was eventually defeated. Customers use automated teller machines (ATM) at an HSBC ...

HSBC Holdings Plc building at Canada Square at the heart of Canary Wharf financial district on 7th ... [+] May 2024 in London, United Kingdom. HSBC has announced that it will be relocation from Canary Wharf to the City of London. In recent years, and with work practices changing from office based to hybrid and remote working has resulted in office occupancy being lower. (photo by Mike Kemp/In Pictures via Getty Images)In Pictures via Getty ImagesHSBC’s stock (NYSE: HSBC HSBC ) has gained 8% YTD as compared ...

The company did quite well with its initial earnings report of the year.Sprawling international banking conglomerate HSBC Holdings (HSBC 3.32%) pleased the market with its first quarterly-earnings report of 2024, although the company's CEO shocked some with a surprise resignation.Both of these developments occurred well before market open Tuesday. Investors reacted to them by trading the company's U.S.-listed American depositary receipts (ADRs) up by more than 3.3% across the day. That contrasted well with ...

HSBC Holdings’ (HSBC) shares rose Tuesday after the London-based bank surprised the market and said its group chief executive (CEO), Noel Quinn, was stepping down after nearly five years at the helm. The bank said Quinn, a 37-year-veteran at the lender, will stay on as it looks for a successor.  First-Quarter Pretax Profit Declined HSBC, which makes most of its profit from Hong Kong and has pivoted more of its business to Asia under Quinn, also announced Tuesday that pretax profit fell to $12.7 billion ...

HSBC Holdings PLC (NYSE:HSBC) Q1 2024 Earnings Conference Call April 30, 2024 2:45 AM ET Company Participants Mark Tucker - Chairman Noel Quinn - Group CEO Georges Elhedery - Group CFO Conference Call Participants Joseph Dickerson - Jefferies Raul Sinha - JPMorgan Chase & Co. Jeremy Hugh - CICC Jason Napier - UBS Perlie Mong - KBW Andrew Coombs - Citigroup Katherine Lei - JPMorgan Chase & Co. Operator Welcome, ladies and gentlemen, to the analyst and investor webinar on the 2024 first quarter results for HS ...

HSBC on Tuesday announced the surprise departure of Group Chief Executive Officer Noel Quinn after nearly five years at the helm.In a statement released by the bank, Quinn said:"It has been a privilege to lead HSBC. I never imagined when I started 37 years ago that I would have the honour of becoming Group Chief Executive of this great bank. I am proud of what we have achieved, and it has only been possible because of the talent, dedication, and commitment of the people at HSBC. I want to thank them wholehe ...

The investment-banking sector across the Pacific Ocean isn't exactly thriving.There's apparently trouble on the Eastern front for global banking conglomerate HSBC (HSBC -2.27%), and investors are clearly concerned. On news of layoffs in two major Asian markets, they traded out of the company's stock, to the point where the bank's U.S.-listed shares lost more than 2% of their value.Pink slips coming?HSBC is in the process of laying off a clutch of workers in its investment-banking operations in two of the co ...

KEY TAKEAWAYSHSBC is selling its Argentina business to Grupo Financiero Galicia for $550 million.The sale will result in a $1 billion loss for HSBC in the first quarter of 2024.The deal follows several others as HSBC focuses on higher-growth markets like Asia.  HSBC Holdings (HSBC) will sell its banking operations in Argentina to Grupo Financiero Galicia for $550 million, with the divestment resulting a $1 billion first-quarter loss, the bank said Tuesday. Grupo Financiero Galicia will acquire all of HSBC's ...

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 February 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 22 February 2024 HSBC HOLDINGS PLC SHARE BUY-BACK HSBC Holdings plc ("HSBC") announces that, as ...