HSBC’s share gains could be under threat from Natwest, Barclays and Lloyds
HSBC is expected to post lower pre-tax profits in 2022, which could have a knock-on effect on its buoyant share price
Company
HSBC Holdings PLC
LON:HSBA
HSBC serves customers worldwide from more than 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC is one of the world's largest banking and financial services organisations.
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Growing influence of ESG advisers to be probed
The Financial Reporting Council will undertake the review
HSBC banker resigns and rips into former employer and 'cancel culture'
Many in the finance sector were surprised by Kirk's initial comments about climate change, in which he also mentioned there was "always some nut job telling me about the end of the world"
Chinese property developer Shimao misses payment on bond
Evergrande, Kaisa Group, and Sunac China are three of the top five issuers who have reportedly defaulted on their dollar bonds
HSBC suspends responsible investing boss after controversial speech
Stuart Kirk questioned whether the impact of climate change really mattered.
HSBC break-up not the way to go, suggests Credit Suisse
HSBC’s Asian arm is unlikely to attract the same kind of premium as the group’s Hang Seng bank.
HSBC break-up talk may be catalyst for new HQ review
After its last review the bank decided to keep its headquarters in London due to the UK's "important and globally connected economy" - but that was in early 2016 before the Brexit vote
HSBC jumps on break-up proposals from largest shareholder
Boss Noel Quinn last year confirmed the bank's future focus will be pointed even more towards Asia, with an exit from the US planned
HSBC faces AGM pension protest and calls to defeat climate vote
Ahead of today's AGM, hedge fund billionaire Christopher Hohn has urged shareholders to vote against the directors of banks “who are hiding their exposure to climate risk”
HSBC shareholder returns off the table in 2022, analysts say
Covid restrictions in Asia, lower market volumes and market appetite accounted for lower than expected income but, argued analysts at UBS, "are not permanent in our view"
HSBC profits hit by Hong Kong lockdown and loss provisions for inflation
Although the Russia-Ukraine war has exacerbated inflationary pressures and increased economic uncertainty, the bank sees an improved outlook for revenue
FTSE 100 closes modestly higher, erasing a bigger rally as US stocks retreat ahead of big tech earnings
In London, the UK blue-chip index closed 5.65 points, or 0.1% higher at 7,386.19, just above the day’s low of 7,380.54 and well below the session peak of 7,463.15
AGM votes at HSBC, Glencore and AstraZeneca on climate change, pay may face strong opposition
AGM questions from shareholders have in the recent past provided the 'nudge' that leads companies to make improvements on pay, renewable energy and climate targets, says investors activist group ShareAction
HSBC increases stake in Chinese JV as eastern expansion continues
HSBC is betting on rising incomes in the Greater Bay Area and other parts of China.
HSBC cuts Ukraine 'war' reference as fighting rages on
The bank is one of the few that has not announced plans to withdraw from Russia
HSBC to close another 69 branches this year
The closures will begin in July. HSBC. The bank hopes to redeploy all of the 400 staff working in the branches that are to be closed.
FIVE at FIVE: HSBC doubles profits, UK petrol prices surge, investors turn to gold and Russian companies hammered in London
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
HSBC pledges to crank up its low-carbon emission efforts
The banking giant is committed to working with its clients to develop valid, science-based transition plans to understand how it will achieve “net zero” by 2050.
HSBC profits double on the back of economic recovery and release of credit losses
The bank said it would hit its target of 10% return on equity in 2023, a year earlier than anticipated, if central bank interest rates rise in line with market expectations
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FTSE 100 ends higher even as Russia-Ukraine tensions heat up
The UK blue chip index recovers from lows but Wall Street wary as geopolitical tensions escalate