HSBC to field questions on US retail banking exit at Friday's AGM

Friday is a quiet day for scheduled corporate announcements and macroeconomic data; a good opportunity, perhaps, to make the long weekend even longer?

Proactive Published 27/05/2021

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Banking giant HSBC Holdings PLC (LON:HSBA) is holding its (virtual) annual conflab on Friday.

The HSBC annual general meeting comes after the bank revealed on Thursday it would exit the US retail banking market.

The company has a chequered record in the US – if your concept of "chequered" is a draughts board where 58 of the 64 squares are red – and the strategy is in line with its increased focus on international banking and wealth management.

Reckitt Benckiser recently took mercy on us all and announced it would be rebranding as Reckitt. It also has an annual general meeting scheduled but as it released first-quarter numbers at the end of April it is not expected to announce any new data.

Significant announcements expected

Trading statements/AGMs: AIQ Limited (LON:AIQ), Barr (AG) PLC (LON:BAG), Minoan Group plc (LON:MIN), HSBC Holdings PLC (LON:HSBA), Reckitt Benckiser PLC (LON:RKT), Tekcapital PLC (LON:TEK), Wameja Limited (LON:WJA)

Finals: Volvere PLC (LON:VLE)

Economic data: US personal spending, US inflation expectations, US Chicago PMI