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China's biggest insurer Ping An boosts HSBC stake with US$39.4 million purchase amid stock sell-off
Ping An Insurance (Group) has raised its stake in struggling UK lender HSBC Holdings by picking up additional shares from the open market just as they slumped to the lowest in more than two decades amid loan losses and concerns over its business dealings.The Shenzhen-based insurer, the world's largest
South China Morning Post · 10h ago
China’s Ping An Insurance Increases Stake in HSBC to 8%
China’s Ping An Insurance Group Co. raised its stake in HSBC Holdings Plc, cementing its position as the lender’s biggest shareholder.
Bloomberg · 1d ago
Our Best Reads of the Week
It was a tough week for banks, with leaked documents showing $2 trillion of transactions under scrutiny. HSBC ordered a social media blackout as a bad year got worse. Westpac is paying a record Australian fine for money-laundering breaches, and JPMorgan may pay $1 billion to settle a spoofing probe. Let's hope banker behavior gets better.Covid-19 continues to roil efforts to get people back to work, so this weekend we look at some of the enduring effects of the disease. We also touch on social i
Bloomberg · 2d ago
Getting Real About Electric Cars,  Batteries and Hype
(Bloomberg Opinion) -- In the world of cars, investors seem to love news of partnerships, synergies and cost-savings as expensive tech upends long-held rules of the road. They may need a reality check.Auto companies across the globe are looking for their next green partner, even if they have their own
Bloomberg · 2d ago
3 Reasons Why This Gold Correction Could Be The Last Below $2,000
Deliveries of September spot gold have intensified during gold's correction, October deliveries begin September 29 with over 60,000 contracts open, and Registered Comex gold supplies are falling.A second round of lockdowns will crimp the supply of real goods and services and spur the next round of central bank money printing.A no-deal Brexit looks imminent with the passage of the UK Internal Market Bill that overrides the Brexit agreement regarding Northern Ireland.Coupled with a second UK lockdown already in force, some weak bank is going to fall and trigger the next global banking crisis.Gold will continue to fall initially until the next round of money printing begins, at which point it should break through $2,000 for the last time. This could be the last opportunity to buy sound money at these prices.
Seekingalpha · 3d ago
HSBC Bank USA Appoints Ralph Jardine as Head of Inclusion and Culture
HSBC Bank USA, N.A. ("HSBC USA"), part of HSBC Group, today announced the appointment of Ralph Jardine as the US Head of Inclusion and Culture, a newly created position focused on expanding the bank’s diversity and inclusion efforts. He reports directly to Michael Roberts, President and CEO
Business Wire · 3d ago
Deep Recession a Long Way From Solid Recovery: HSBC Economist Henry
Bloomberg · 3d ago
UK watchdog tells banks to improve remote working safeguards
Banks and investment firms have to come up with more "creative solutions" to avoid misconduct as staff work from home due to the coronavirus pandemic, Britain's Financial Conduct Authority said on Thursday. Britain told people to work from home from Thursday if possible as new cases of
Reuters · 3d ago
Asia Market Recap: Fed's Warning On Economic Recovery Sends Chills Across Asian Stocks
The selloff in U.S. stocks spread to Asia after the Fed Chairman Jerome Powell warned on the need for more stimulus to aid U.S. recovery.
Benzinga · 3d ago
Asian markets trading lower following an overnight drop in Wall Street
Japan -0.78%. Softbank (SFTBY) down 3.5% in Japan.China -1.46%. Yangtze Power leads decline.Hong Kong -2.14% as HSBC (HSBC) leads decline, Xiaomi slipped 3.84% while Tencent (TCEHY) declined 1.26%, with the Hang Seng Tech index falling 2.59%.Australia -1.04%.South Korean stocks down 2.3% on rising tension with
Seekingalpha · 3d ago
HSBC Loyalists Are Losing Faith After Stock’s $83 Billion Plunge
HSBC Holdings Plc’s tumbling stock price is testing the patience of even the bank’s most loyal investors.
Bloomberg · 3d ago
HSBC Global Asset Management & Pollination to launch largest natural capital manager
HSBC Global Asset Management, marketing name for the asset management businesses of HSBC Holdings (HSBC) +2.1% PM, and Pollination Group Holdings, specialist climate change advisory and investment firm, entered into a JV
Seekingalpha · 4d ago
HSBC Global Asset Management & Pollination Launch Partnership to Create World’s Largest Natural Capital Manager
HSBC Global Asset Management and Pollination Group , enter into a joint venture agreement to create the world’s largest natural capital manager
Business Wire · 4d ago
HSBC: Not Much Further To Fall
HSBC had further bad news with more money laundering allegations.The shares fell further and continue to trade at quarter-century lows.So much bad news is already priced in, the shares are near a bottom.Several possible triggers for positive rerating in the coming twelve months exist.I am still not a fan of the name, but I do expect the share price to bottom soon and start a recovery within twelve months.
Seekingalpha · 4d ago
Banks Halt U.K. Office Return; India Deaths Climb: Virus Update
Bloomberg · 4d ago
HSBC halts return to office plan in Britain
HSBC has paused its plan to return more staff to office working in Britain, in common with other financial firms after Prime Minister Boris Johnson on Tuesday urged workers to stay home to combat the coronavirus. "We will pause any further consideration of ‘phase one’ teams returning to offices
Reuters · 4d ago
HSBC Pauses Office Return Plans As U.K. Advises Work From Home
HSBC Holdings Plc hit pause on efforts to return workers to its U.K. offices after the government urged people to work from home to arrest a surge in virus cases and prevent another nationwide lockdown.
Bloomberg · 4d ago
HSBC Global AM: Investors Have to Be in Risk Assets
Bill Maldonado, global chief investment officer for equities and CIO for Asia Pacific at HSBC Global Asset Management, discusses the outlook for stocks, bonds and corporate earnings. He speaks with Yvonne Man and Tom Mackenzie on "Bloomberg Markets: Asia." (Source: Bloomberg)
Bloomberg · 4d ago
Goldman Halts London Office Return Plan After Johnson Plea
Bloomberg · 4d ago
Investor Alert: Kaplan Fox Investigates Alleged Money Laundering At Global Banks, Including HSBC Holdings PLC
Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of HSBC Holdings PLC. ("HSBC" or the "Company") (NYSE: HSBC).
PR Newswire · 5d ago
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About HSBC
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. RBWM business offers Retail Banking, Wealth Management, Asset Management and Insurance. CMB services include working capital, term loans, payment services and international trade facilitation, among other services, as well as expertise in mergers and acquisitions, and access to financial markets. GB&M supports government, corporate and institutional clients across the world. GPB's products and services include Investment Management, Private Wealth Solutions, and a range of Private Banking services.
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