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The Latest Breaking News from Noel Quinn

HSBC on hiring spree to drive UK wealth division ambitions

Exclusive: Europe’s biggest bank hopes to double UK arm of its wealth and private banking operations

The Guardian - UK

HSBC shake-up at the top continues under Sir Mark Tucker

Another $3bn in buybacks for investors

Evening Standard

HSBC Records $21.6 Billion Pre-tax Profit In First Half 2024

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.

International Business Times

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HSBC shareholders to receive further $4.8bn as profits rise

Outgoing CEO Noel Quinn will have paid $34.4bn to investors during final 18 months in post

The Guardian - UK

‘More politicised than any other bank’: HSBC’s new boss prepares to ride the Chinese tiger

Georges Elhedery learned Mandarin in preparation for the top job, a sign that he grasps exactly where his lender’s strength and weakness lie

The Guardian - UK

HSBC names new Mandarin-speaking CEO as bank prepares for US-China tensions

Lebanese-born ex-finance chief Georges Elhedery takes up job in September when bank veteran Noel Quinn steps down

The Guardian - UK

HSBC Names CFO Elhedery As Next Chief Executive

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive to drive "the next phase of development and growth".

International Business Times

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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

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

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

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

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

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.

International Business Times

Board exit at HSBC Innovation Banking

When HSBC acquired the UK arm of the collapsed Silicon Valley Bank last year, boss Noel Quinn talked up the importance of preserving its operational independence. The firm would keep its own separate office across town and staff would not be ferried into Canary Wharf. “It’s a unit we purchased and we want…

Evening Standard

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The Guardian - UK

HSBC shares suffer biggest one-day drop in nearly four years

Bank increases staff bonus pool by 12% despite hit from exposure to China real estate slump

Evening Standard

HSBC reports record profits but China worries bite shares

Record profits at HSBC, but China worries grows

International Business Times

HSBC Reports 'Record Profit' Of $30.3 Bn In 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

Fortune

HSBC doubled its profits and is giving shareholders $3 billion in buybacks but the bank's troubles haven’t ended just yet

London-listed HSBC's profits soared, thanks to elevated interest rates. But high costs and pains in Chinese real estate continue to put pressure on it.

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news in one place.

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Evening Standard

HSBC gives $3bn boost to investors as profits double

HSBC saw profits in the third quarter more than double to $7.7 billion thanks to higher interest rates, figures likely to lead to fresh calls for banks to boost savings rates.

The Independent UK

Banks under fire as HSBC profits surge while borrowers are squeezed

The chair of the Treasury Committee said the latest figures show major lenders are not sufficiently passing on higher interest rates to savers

Evening Standard

HSBC profits double but it warns 'tougher time’ on the way

HSBC poured fuel on the row about bank profits today with stonking profits of nearly £17 billion in just the last six months.

Daily Mirror

Lavish homes of fatcat bank bosses tackling mortgage crisis - including £12k treehouse

Top bankers advising on the home loan crunch have been revealed as multi-million pound homeowners with no mortgages and 'woodland-type' gardens, while many families struggle to make ends meet.

Fortune

The CEO of Europe’s largest bank on innovation, new tech, and HSBC’s approach to crypto

Noel Quinn believes HSBC is well positioned to navigate new technology in an increasingly complex global landscape.

Irish Mirror

GAAGO boss Noel Quinn urges people to not make judgements after just two weeks

GAA react to Donal Og Cuasck criticism of big Munster hurling games featuring on their subscription channel GAAGO.

The Guardian - UK

HSBC investors reject plan to split bank in meeting disrupted by climate protest

Majority of shareholders reject proposal to spin off Asian operations, after hour of disruption from campaigners

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