HSBC Holdings Plc is a multinational banking and financial services organization based in the UK, providing a wide range of services to individuals, businesses, and institutions across the globe. The company operates through various segments, including retail banking, commercial banking, global banking and markets, and wealth management. HSBC is known for its extensive international presence, facilitating cross-border transactions and providing solutions for diverse financial needs. Its offerings encompass personal and corporate banking, investment services, and various financial products, aimed at fostering economic growth and supporting clients in their financial endeavors.
HSBC Hong Kong, Cathay Pacific and biofuels platform EcoCeres announced a new initiative aimed at helping to decarbonize air travel by supporting the use of sustainable aviation fuel (SAF) in Hong Kong.
HSBC, Europe’s largest bank, announced a $3 billion share buyback following an impressive third-quarter earnings report that exceeded analyst forecasts.
Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corp., The Coca-Cola Co., and T-Mobile US, Inc., as well as a micro-cap stock Preformed Line Products Co.
OpenAI secured a $4 billion revolving credit line, boosting its liquidity to $10 billion, which will support investments in high-cost computing infrastructure, including Nvidia chips.
HSBC stock price has soared by over 200% from its lowest point in 2020. The company is continuing with its turnaround efforts under Georges Elhedery. It expects to merge global banking and markets with its commercial banking.
UK regulators reportedly direct HSBC to reassess data practices crucial for risk management in investment banking and trading, following previous warning and fine.
HSBC reportedly plans to double its British wealth assets to £100 billion in 5 years by targeting the 'mass affluent' market and leveraging global reach.
The Bank of England cuts interest rate for first time in over 4 years to 5%, citing inflation below target and emerging economic slack. Pound falls, UK stocks hold steady.
