HSBC Forex News
HSBC Sued By Australian Regulator For Failures Against Scams
Australia's markets regulator sued the Australian unit of British lending major HSBC Holdings Plc for allegedly failing to adequately protect customers from scams. As per the documents filed by the Australian Securities and Investments Commission or ASIC, HSBC Bank of Australia Ltd. or HSBC Australia failed to properly protect customers scammed out of millions of dollars.
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9 days ago
HSBC Stock Up On Q2 Pre-tax Profit Growth, Outlook Lift, $3 Bln Buyback
Shares of HSBC Holdings Plc were gaining more than 4 percent on the London Stock Exchange as well as in pre-market activity on the NYSE after the British lending major on Wednesday reported higher pre-tax profit, despite weak revenues. The company also lifted fiscal 2024 banking net interest income outlook, and also said it intends to initiate a share buy-back of up to $3 billion...
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147 days ago
HSBC Teams Up With Visa To Develop And Launch Zing International Money App
Visa, Inc. (V) and HSBC Holdings plc (HSBA.L) announced Tuesday the technological collaboration in support of HSBC Group's new international payments app, Zing. The app successfully launched in the U.K. in January 2024 and will expand to additional markets in the near future.
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169 days ago
HSBC Stock Down On Q4 Loss, Cautious View For FY24 Banking NII
Shares of HSBC Holdings Plc were losing around 8 percent on the London Stock Exchange as well as in pre-market activity on the NYSE after the British lending major reported a net loss in its fourth quarter, while pre-tax profit plunged from last year, hit mainly by a hefty impairment charge related to China division. Revenues were weak, while Banking net interest income increased.
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308 days ago
HSBC Fined £57.4 Mln For Failures In Deposit Protection
British lending major HSBC Holdings Plc has been fined 57.42 million pounds by the Bank of England's Prudential Regulation Authority or PRA for failures in customer deposit protection identification and notification. The fine, the second highest imposed by the PRA, reflects the seriousness of the failings, according to the financial watchdog.
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330 days ago
HSBC Q2 Profit Climbs, Lifts FY23 View; Plans Up To $2 Bln Buyback
Shares of HSBC Holdings plc were gaining in London stock exchange as well as in pre-market activity on the NYSE, after the British banking major reported Tuesday significantly higher profit and revenues in its second quarter. The company also raised its fiscal 2023 profit view. Further, the firm said it intends to initiate an additional share buy-back of up to $2 billion.
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512 days ago
HSBC Takes Over Collapsed Silicon Valley Bank's UK Unit In £1 Rescue Deal
British banking major HSBC Holdings Plc has acquired collapsed Silicon Valley Bank's UK unit in a 1 pound rescue deal, with immediate effect. The move comes after the California-based Silicon Valley Bank was shut down on last Friday by U.S. regulators following the biggest U.S. bank failure since the 2008 financial crisis. Following the news, HSBC shares were losing around 4 percent.
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653 days ago
HSBC Q4 Profit Soars, Plans Dividends; Backs Positive View For FY23
Banking major HSBC Holdings plc reported Tuesday that its fourth-quarter profit nearly doubled from last year, with strong revenue growth. The company also announced a final dividend for fiscal 2022, and plans a special dividend. Looking ahead, the company maintained its positive revenue outlook for fiscal 2023.
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673 days ago
