After 37 years, 5 of which as CEO, Noel Quinn leaves the banking institution for "a better balance between my personal and work life". Positive Q1 2024 results: net profit 10,8 billion, intermediate dividend and extraordinary coupon arriving.…
According to the Euromoney ranking, the bank has been recognized as Market Leader for Corporate Banking and Highly Regarded for Investment Banking in 2022 in Italy.
Ubs and Banco Santander did very well, recording a growing profit in the first three months of 2022 – While HSBC discounts the signs of the war in Ukraine and Covid in China
Fifty-year-old John Flint throws in the towel and presents a quarterly report with adjusted pre-tax profit up 6,8% and net profit of almost 10 billion (+18,1%)
The latest was HSBC, which announced its move to Paris - Deutsche Bank, Morgan Stanley, Citigroup, Standard Chartered and Nomura have chosen Frankfurt, while Barclays is going to Dublin - The fear is that the divorce from the EU will come without…
Among the 11 countries on which the HSBC survey was conducted, China and India are the most prone to technological innovation - But older technologies are still very much in vogue almost everywhere, with 50% of…
HSBC SURVEY - Technophobia is still strong in large sections of the population who do not trust innovative technologies that they cannot fully understand and master - Many still rely on access passwords…
In the last quarter of the year alone, HSBC suffered a net loss of $3,45 billion - The relocation of employees to the French capital should take place within the next two years
The English Bank has chosen the German capital because it is already present here with an operating office that previously belonged to the Bank of Scotland, now incorporated into the group.
They were the most stringent tests ever carried out by the Bank of England - Among other banks, problems also for Barclays and Standard Chartered - HSBC, Lloyds, Nationwide and Santander UK passed with flying colors
The British giant closed the third quarter with a 4% decline in revenues and a drop in operating profit, which fell to 16,36 billion - Profits and revenues down for Commerzbank.
Considering the sale of activities in Turkey and Brazil, the reduction in jobs reaches 50 thousand - The goal is to achieve a cost reduction of 4,5-5 billion dollars a year up to 2017 - HSBC has been affected by…
The case concerns the process of fixing the prices of gold, silver, platinum and palladium in London - Involved Deutsche Bank, JP Morgan, Goldman Sachs, Barclays, Credit Suisse, Société Générale, Standard Bank Group, UBS, HSBC and Bank of …
New apologies for the Swissleaks scandal and the Falciani list - Meanwhile, the London Executive recovers another 500 million pounds after the 2008 mega-bailout.
The Swiss judiciary has opened proceedings against the British credit institution for aggravated money laundering.
Of the 7 Italian names on the Falciani list, 1.264 are protected by the 2009 tax shield, while the Guardia di Finanza managed to collect a trifle - Briatore defends himself among the VIPs: "I'm not evading, I've been living outside for thirty years…
Over 180 billion euros stolen from the tax authorities - The list of alleged tax evaders includes the stylist Valentino, Flavio Briatore and Valentino Rossi, as well as showbiz stars such as Phil Collins, Tina Turner and John Malkovich - Belgium announces…
No problem for HSBC and Barclays - Royal Bank of Scotland and Lloyds pass the measurement test - The only institution rejected is Cooperative Bank.
The Swiss branch of the English bank is under investigation by the Brussels Public Prosecutor's Office for having "deliberately helped hundreds of customers, especially diamond merchants in Antwerp, to evade taxes": this is how much damage the state is suffering…
This time the sanctions come from both sides of the Atlantic, for a total of over 2,5 billion euros which will have to be paid to five of the world's major banks for a foreign exchange manipulation affair - In addition to the two American…
Earnings per share and dividends per common share were $0,50 and $0,20, respectively, from $0,54 and $0,20 in last year's first half.
Which banks have disbursed the most money to the US authorities? Reuters is thinking of answering this question with a graph that clarifies who paid, why, how much, when and how many times. At the top of the list is JP…
The Commission fears that the three banks may have participated in a collusive scheme that aimed to distort the normal course of the price components of European interest rate derivatives.
The preliminary reading for March calculated by HSBC and Markit marks a result of 48,1 points (the minimum level for eight months), from 48,5 in February - The market had instead expected a rise to 48,7 points - Analysts…
According to the latest official data, the non-manufacturing PMI rose to 55,0 points (the highest in three months), against 53,4 the previous month, while the manufacturing PMI, edited by Markit/HSBC, reached 48,5 (preliminary…
The British bank recorded a 2013% increase in net profit in 15,5 and announced that it had raised the dividend from 0,45 to 0,49 dollars.
Manufacturing production in China drops in December. Indeed, the HSBC PMI index dropped from 50,8 in November to 50,5 in December, the lowest for three months.
The purchases of Luxottica shares were triggered by the upgrade made by HSBC analysts, who improved the recommendation from "neutral" to "overweight", raising the target price from 42 to 46 euros.
November the PMI index calculated by HSBC fell to 50,4 points, from 50,9 in October - The item relating to new exports recorded the lowest level in the last three months.
The British bank closed the third quarter with growing profits but disappointing market expectations - In addition to announcing the quarterly accounts, HSBC announced that it is one of the institutes under investigation for manipulation of the…
The preliminary HSBC China Manufacturing Purchasing Managers Index rose to 50,9 points from 50,2 in September - this is the best result in the last seven months for Chinese manufacturing.
The final figure for September stands at 50,2 points, a level lower than the flash estimate of 51,2, but just above the fateful 50 - Chinese manufacturing is above all supported by the increase in orders from abroad, which plywood…
The US site Bloomberg has drawn up a ranking of the financial institutions preferred by the scrooges on the planet (12 million people with total assets of 4.620 billion dollars): in first place is the Hong Kong bank HSBC, which…
The Anglo-Chinese bank's revenues fell 7% to $34,4 billion on the back of the weak economy in Europe and slower growth in Asia.
SACE announces the finalization of two loans in favor of Eskom Holdings SOC Limited (Eskom), in an investment program to diversify energy sources and respond to the growing internal demand of the African country.
According to HSBC calculations, in February the PMI index relating to the services sector recorded a decline from 54 to 52,1 points on a monthly basis, however remaining in the expansion zone.
The result was affected by the fine paid in the United States to close the money laundering proceeding and by the provisions linked to the abusive sale of financial products in the United Kingdom - The group has however promised to increase the first three…
HSBC, Barclays, Lloyds and Royal bank of Scotland risk having to compensate all the small and medium-sized enterprises to which they have sold derivatives to hedge interest rate risks - According to the FSA (the British Consob), 90% of…
The banking giant has agreed to negotiate the record amount not to proceed with the trial - The agreement puts an end to the dispute with which the US authorities accuse the bank of having ignored the indications and signs of infringement…
To buy 15,65% of the Chinese insurance company from HSBC for 9,38 billion dollars is Charoen Pokphand Group, a conglomerate headed by the richest man in Thailand.
The British bank closed the third quarter of 2012 with current profit amounting to 5 billion dollars, up 125% compared to the 2,2 billion made in the same period of 2011.
A study by the bank has raised the prices and targets of the three Italian luxury groups, which are growing strongly thanks to the Asian market, which have responded well on the financial markets.
The top five British lenders have set aside assets of at least 11,34 billion euros (£9 billion) to repay customers to whom they had sold insurance policies to cover mortgages and loans.
This is highlighted by the provisional data published by HSBC: the PMI index of purchasing managers rose to 49,5 points this month, however remaining below the 50-point threshold, which divides expansion from contraction.
Real giants of global finance suspected of complicity with Barlays - These are Credit Agricole, HSBC, Deutsche Bank and Société Générale.
The British Bank has been accused by the US Congress of doing business with Mexican drug cartels, banks close to Al Qaeda and even the Iranian regime - Lack of controls, perhaps, but it's difficult…
Last year profits stopped at 5,4 billion. Analyst estimates stopped at 5,9 billion. CEO Gulliver: "We continue to grow thanks to our positioning in emerging countries".
The landing of Dim sum bonds in London, bonds denominated in Chinese currency, was made official by HSBC with an offer worth two billion renminbi which, in addition to marking a turning point for the City as…
Markit Chinese business new orders index fell to 47,9 points in March, as did the manufacturing index, down to 48,1 - The contraction is reportedly due to weakening domestic demand - Jobs at minimum levels…
The shares of the two companies, promoted by the Banca d'Affari, are among the best in the Ftse Mib - Male instead Tod's, which has seen its rating reduced to neutral from overweight.
HSBC closes 2011 well: the British banking group sees net profit grow to 16,8 billion, fully respecting analysts' forecasts - Net interest margin, gross profit and dividends also increase - The…
In addition to its growing role as a currency in international trade, the renminbi also offers potential for appreciation and lower volatility. The investment funds allow foreign companies to use instruments denominated in Chinese currency and services…
An analysis by HSBC has highlighted what the recapitalization needs of the main European banks could be in the future - According to estimates, the most critical scenario is that of Italian and Spanish institutions
The British banking giant concluded an operation that will allow it to collect a premium of 2,6 billion - The sale is part of the plan for the disposal of non-strategic assets - CEO Gulliver: "Expected savings of 3,5 billion".
The Anglo-Asian bank announces the drastic downsizing of personnel over the next two years despite the very positive results of the first half-year: growing profit before tax (11,5 billion) and net income (8,9 billion).
