HSBC

Business

HSBC €31,7 million trader 'chat room' cartel fine upheld by EU court

The European judges dismissed HSBC’s procedural challenge against the cartel fine imposed by the European Commission in 2021.

27/11/2024

Business

HSBC stock rises nearly 4% as it reveals billion-euro share buyback

HSBC reported strong third-quarter earnings, driven by robust performance in wealth and personal banking, as well as investment banking, alongside the announcement of an additional $3bn (€2.8bn) share buyback plan.

29/10/2024

Business

HSBC shake-up sees bank operations split between East and West

As part of the re-organisation, HSBC also announced the first-ever female finance chief in the bank's 159-year history. Pam Kau, currently the chief risk and compliance officer, has worked for the bank for more than a decade.

22/10/2024

Business

HSBC looks to cut costs through merger of major divisions

The new unit would surpass the current wealth and personal banking division in size and would house more than 90,000 employees. However, the merger could lead to job cuts in areas where there are overlapping roles.

10/09/2024

Business

HSBC chief executive announces unexpected retirement

Noel Quinn is to step down after a tumultuous five years at the helm of the UK-based bank.

30/04/2024

Business

Where do European banks stand in the ranking for strongest brands?

The world’s most valuable brand owner is Chinese ICBC bank and it is worth more than Slovenia's GDP. Meanwhile, Europeans are behind and Russia's lenders continue to plummet.

22/03/2024

Business

HSBC shares dive 8% as profit expectations fail to satisfy investors

The share price of HSBC Holdings slumped by more than 8% in London as the UK's biggest bank left investors disappointed with the profits reported for the final three months, and for all of 2023.

21/02/2024

Green News

‘Massive win’: Barclays will stop funding new oil and gas fields

The move sends an ‘important signal’ about the bank’s appetite for fossil fuel financing, but campaigners say there’s still a way to go.

12/02/2024

Business

HSBC hit with £57 million fine for not protecting deposits

HSBC neglected to adequately protect customer deposits from around 2015 to 2022, leading to the PRA issuing its second largest fine ever.

30/01/2024

Markets

Which UK savings accounts pay the highest interest rates?

Euronews Business compares challenger and high street UK savings accounts to see which ones pay the highest interest rates.

05/01/2024

Green News

These banks have poured trillions of euros into fossil fuel expansion

Funding for polluting industries far outstrips support for climate change mitigation, a new report shows.

04/09/2023

Money

HSBC to buy the UK subsidiary of collapsed Silicon Valley Bank

HSBC has agreed to acquire the UK subsidiary of Silicon Valley Bank for just £1 (€1.13) in a bid to protect the country’s tech sector.

13/03/2023

Green News

Euroviews. One of the world’s biggest banks invests billions in deforestation

A Global Witness investigation reveals for the first time how the financial decisions of global banks contradict their public commitments.

28/10/2021

Climate

Household banks are funding deforestation despite climate promises

Which banks should you leave if you don’t want to fund deforestation? A financial investigation has found the worst offenders.

21/10/2021

World News

Euroviews. A circular economy is within reach if European businesses grasp the opportunity ǀ View

Momentum is growing behind the idea of the circular economy, but it is still a distant ideal if European businesses don't grasp hold of the opportunity it presents.

03/03/2020

United Kingdom

HSBC reveals shocking gendar pay gap

It's revealed there's a huge gap between what men and women earn.

16/03/2018

Business Series

HSBC to hire 1000 new staff in China

Despite slowing Chinese growth HSBC still sees it as a solid bet and will hire a further 1000 staff this year.

24/03/2017

Business Series

HSBC names AIA's Mark Tucker as new chairman

Experienced Asia hand Mark Tucker is to take over as chairman of HSBC at the start of October replacing Douglas Flint.

13/03/2017

Business Series

HSBC's profits plunge dragging down share price

Europe's biggest bank HSBC saw annual pre-tax profit slump 62 percent with hefty writedowns and warned its revenues could fall again this year.

21/02/2017

Business Series

HSBC to move 1,000 staff from London to Paris after Brexit

HSBC, Europe's biggest bank, plans to shift around 1,000 workers, who generate around 20 percent of its trading revenue to Paris, post-Brexit.

18/01/2017