The Latest Breaking News from HSBC

Revealed: The five high street banks with the most customer complaints

In total banks paid out £236.2m to complainants, with the average pay-out totalling £215

The Independent UK · May 7

RBI likely to hold rates in June: HSBC

The Reserve Bank of India faces a tough choice in June. Economists predict no interest rate changes as the economy deals with rising energy costs and unpredictable weather. The RBI must balance fighting inflation with keeping economic growth strong. Any rate hikes are likely delayed until global supply chains stabilize…

The Economic Times · May 7

Ahead of AMD Earnings, Here Is What Barchart Options Data Shows for AMD Stock

Options traders believe AMD shares will rally after Q1 earnings today. But HSBC downgraded AMD stock heading into the quarterly release.

Barchart · May 5

HSBC profits worse than forecast after jump in bad debt provisions

The UK lender reported first-quarter pre-tax profits of £9.4 billion US dollars (£6.96 billion), down from 9.5 billion (£7 billion) a year earlier.

Evening Standard · May 5

HSBC profits fall amid $400m fraud-related charge and Iran war

London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict

The Guardian - UK · May 5

UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge

The Guardian - UK · May 5

HSBC profits fall slightly despite strong wealth and Hong Kong business growth

The bank said the decrease reflected higher expected credit losses and other credit impairment charges.

Evening Standard · May 5

HSBC profits dip amid credit fraud charges and Iran war

The bank’s revenue was boosted by strong performance in wealth management and the Hong Kong business segment

The Independent UK · May 5

Ahead of Palantir Earnings, Here Is What Barchart Options Data Shows for PLTR Stock

Options traders believe Palantir stock will push higher on Q1 earnings today, after market close. But HSBC downgraded PLTR shares to “neutral” heading into the quarterly release.

Barchart · May 4

Close call tipped as Reserve Bank mulls third rate hike

Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.

AAP · May 3