HSBC says it has acquired Silicon Valley Bank UK HSBC bought the UK arm of stricken Silicon Valley Bank for a symbolic one pound today, rescuing a key lender for technology start-ups in Britain … Business • 13 Mar
HSBC's quarterly profits soar by 92% HSBC's quarterly profit surged 92% as rising interest rates swelled net interest income, but its Hong Kong shares fell 2% as a cautious outlook left … Business • 21 Feb
HSBC to stop funding new oil and gas fields HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said today, as part of … Business • 14 Dec 22
HSBC to sell Canada business to RBC for $10bn HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars in cash. Business • 29 Nov 22
HSBC's third quarter profits fall by 42% HSBC has today named Georges Elhedery, a former chief of its investment bank, as its new chief financial officer in a surprise move. Business • 25 Oct 22
HSBC to review Canary Wharf tower headquarters HSBC is reviewing whether to keep its global headquarters in London's Canary Wharf, a staff memo seen by Reuters today showed, a decision which could … Business • 29 Sep 22
HSBC suspends senior banker over climate claims Lending giant HSBC has reportedly suspended a senior banker after he dismissed climate change warnings as "unsubstantiated" and claimed central bankers have exaggerated global warming … Business • 23 May 22
HSBC's Q1 profit drops on credit charges HSBC Holdings has today posted a 27% drop in quarterly profit and ruled out the possibility of more buybacks this year, while it blamed rising … Business • 26 Apr 22
Western firms head for the exit in Russia Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia today, … Business • 28 Feb 22
HSBC brings forward key target as profits double HSBC has brought forward its key profitability target by a year and more than doubled its annual profits as expected bad loans from the Covid-19 … Business • 22 Feb 22
HSBC fined £64m for UK anti-money laundering failings Britain's financial regulator has fined HSBC £63.95m for failings in its anti-money laundering processes. Business • 17 Dec 21
HSBC says clients must have plan to exit coal by 2023 HSBC, Europe's leading banker to corporate Asia, has today laid out its long-awaited policy on financing thermal coal, and said it expected all its clients … Business • 14 Dec 21
HSBC explores re-entry into India private banking HSBC Holdings is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India's private banking business, senior executives … Business • 09 Nov 21
Businesses face a battle for talent Businesses planning to expand their workforce over the next 12 months face a battle for talent. Business • 05 Oct 21
HSBC initiates legal proceedings against El Salvador HSBC Holdings said the banking group has initiated legal proceedings against El Salvador for what the company called a breach of the nation's investment treaty … Business • 19 Aug 21
HSBC takes $2.3 bn hit with sale of French retail bank HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 … Business • 18 Jun 21
HSBC exits loss-making US retail banking as part of Asi HSBC said it is withdrawing from US mass market retail banking by selling some parts of the money-losing business and winding down others, a long-awaited … Business • 27 May 21
HSBC chief executive says Bitcoin 'not for us' HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile … Business • 24 May 21
HSBC pretax profit rises 79% on recovery from pandemic HSBC Holdings has reported a significantly better-than-expected 79% rise in first quarter profit, as an improved economic outlook allowed the bank to release cash set … Business • 27 Apr 21
HSBC's 2020 profits tumble due to Covid-19 hit HSBC Holdings has today abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the Covid-19 shock … Business • 23 Feb 21
HSBC set to announce exit from US retail banking HSBC is set to withdraw from US retail banking, a source familiar with the matter told Reuters today, as Europe's biggest bank seeks to dispose … Business • 22 Feb 21
Lower interest rates hit HSBC's quarterly profits HSBC Holdings has today signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from … Business • 27 Oct 20
HSBC shares at 25-year low after China list report Shares in banking giant HSBC plunged to a 25-year low today on fears it could be added to a Chinese list of firms deemed a … Business • 21 Sep 20
HSBC revives plan for 35,000 jobs cuts delayed by Covid HSBC is resuming a redundancy plan it put on ice after the coronavirus outbreak, and will cut around 35,000 jobs over the medium term, a … Business • 17 Jun 20
HSBC sees mounting losses as Covid-19 hits Q1 profits HSBC Holdings has today warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected to … Business • 28 Apr 20
