Bank of England set to offer clues on interest rate cut timing, but City expects another hold Mortgage holders, house hunters and City traders on watch for pointer to a June rate cut Evening Standard · May 7, 2024
Geopolitical tensions and Covid crisis: tightrope walk on China and Trump facing new HSBC boss CEO is making a surprise exit after successfully slimming down the global bank and winning over its tough chair The Guardian - UK · May 3, 2024
HSBC Innovation Banking chair departs in latest boardroom reshuffle The chair of HSBC Innovation Banking has stepped down in the latest sign of a boardroom reshuffle at the firm formerly known as Silicon Valley Bank UK. Evening Standard · May 1, 2024
HSBC CEO Noel Quinn To Retire, Successor Search Begins HSBC CEO Noel Quinn announces retirement after successful restructuring, with CFO Georges Elhedery a potential successor. Industry experts and shareholders... Top News · May 1, 2024
Noel Quinn’s exit seems respectable but big uncertainties about HSBC remain Chief executive’s departure sounds sensible enough but successor will inherit heavy strategic workload The Guardian - UK · Apr 30, 2024
Eurozone escapes recession; UK mortgage approvals hit 18-month high – as it happened Fastest growth in 18 months as GDP expands by better-than-expected 0.3% in Q1 2024, after two quarters of contraction The Guardian - UK · Apr 30, 2024
HSBC chief Noel Quinn to step down after ‘intense’ five years Bank says it has started search for a successor as it reports quarterly profits beat forecasts The Guardian - UK · Apr 30, 2024
Stocks Plunge Before the Open as Meta’s Revenue Forecast Disappoints, U.S. GDP Data and Earnings in Focus June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.87% this morning as a disappointing revenue outlook for the current quarter from Meta weighed on sentiment, while market participants braced for a new round of U.S. economic data and quarterly reports… Barchart · Apr 25, 2024
HSBC Reports Chinese Wealth Driving US Investments Among Clients HSBC reports Chinese wealth driving US investments, focusing on tech, real estate, healthcare sectors. Top News · Apr 24, 2024
Leading UK lenders raise fixed-rate mortgage deals amid ‘market uncertainty’ Borrowers urged not to panic as banks including Barclays, NatWest and HSBC readjust cost of loans The Guardian - UK · Apr 23, 2024
Even a ‘rate shock’ for British mortgage borrowers may not help the banks The prospect of home loan rates staying high for longer is not the tonic for lenders’ financial results it once was The Guardian - UK · Apr 20, 2024
Best First Credit Cards in UK 2024: How To Apply, Eligibility, Card Fees, and More Learn about fees, credit limits, eligibility, perks, and the role of credit scores when applying for UK credit cards for the first time. International Business Times UK · Apr 15, 2024
West Virginia adds four banks to restricted institution list over ESG policies West Virginia Treasurer Riley Moore (R) announced April 8 that four large banks and financial services firms—Citigroup, TD Bank, HSBC, and The Northern Trust Company—were ineligible to do business with the state under a 2022 state law prohibiting contracts with businesses that boycott fossil fuel companies. The announcement came after… Ballotpedia · Apr 12, 2024
Banco Galicia Optimistic After HSBC Deal In Argentina Banco Galicia's acquisition of HSBC's operations in Argentina strengthens its market position and growth strategy in the evolving financial landscape. Top News · Apr 9, 2024
International Business Times · Apr 9, 2024 HSBC To Offload Argentina Business, Absorbs $1 Billion Loss on Exit Deal HSBC announced its agreement to sell its business in Argentina for $550 million, with a $1 billion pre-tax loss in the first quarter of 2024.
Evening Standard · Apr 9, 2024 HSBC exits Argentina nursing $1 billion in losses Argentina exit followers earlier Mexican cocaine scandal
The Guardian - UK · Apr 9, 2024 Gold hits fresh record high; Fitch downgrades Thames Water parent company – as it happened Rolling coverage of the latest economic and financial news, as gold rises almost 1% today to $2,365 per ounce
Evening Standard · Apr 3, 2024 Morgan Stanley will not quit Canary Wharf as it signs new lease until 2038 Big-name tenants like HSBC, Clifford Chance and Moody’s recently announced plans to leave Canary Wharf for the City, but the US investment bank will not follow them
Caixin Global · Mar 28, 2024 HSBC Launches Tokenized Gold Product in Hong Kong The Gold Token is aimed at retail investors and is part of the government’s drive to build the city into a global virtual assets hub
Evening Standard · Mar 26, 2024 Mortgage shock as two major lenders raise interest rates on some products while cutting prices on others Mortgage brokers were baffled by some of the changes
The Guardian - UK · Mar 22, 2024 HSBC urges investors to back AGM vote opening way to higher bonuses London-headquartered lender wants to take advantage of UK’s decision to scrap bonus cap
The Guardian - UK · Mar 22, 2024 HSBC and NatWest accused of financing North Sea oil extraction despite pledge Campaigners call on banks to cease funding Ithaca, which is playing a key role in Rosebank oilfield plan
Evening Standard · Mar 19, 2024 Mortgage holders and house hunters eye looming inflation data before Bank of England interest rate call City experts predict that rate of price rises will hit BOE’s target in one or two months’ time
Barchart · Mar 18, 2024 Strength in Technology Stocks Leads the Broader Market Higher The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.63%. Stocks this morning are moderately higher, led by strength in technology stocks. Alphabet...
Barchart · Mar 18, 2024 Stocks Rally on Strength in Technology Stocks The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.00%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.67%. Stocks this morning are moderately higher, led by strength in technology stocks. Alphabet...