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The Latest Breaking News from Noel Quinn

HSBC profit rockets on rising interest rates

London (AFP) - Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.

AFP

HSBC reveals plans to rename Silicon Valley Bank UK as profits soar

HSBC boss Noel Quinn laid out a fresh vision for the development of SVB UK after it bought the beleaguered bank for £1 in March.

Evening Standard

HSBC rules out banking crisis as profits triple after Silicon Valley Bank deal

Failure of four banks in six weeks is purely a sign of poor risk management, says chief executive

The Guardian - UK

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HSBC buys Silicon Valley Bank UK in rescue deal to avoid tech sector chaos

The 11th-hour sale was agreed after all-night talks between the Government and the Bank of England.

The Independent UK

HSBC to buy Silicon Valley Bank UK after weekend of crisis talks

Chancellor Jeremy Hunt said deposits will be protected

The Independent UK

HSBC pre-tax profit slumps on France sale

London (AFP) - Bank titan HSBC said Tuesday that annual pre-tax profit tumbled after taking a huge charge on the sale of French retail operations.

AFP

HSBC quarterly profits more than double after interest rate rises

Bank increases CEO’s bonus and plans bigger shareholder payout as it faces pressure from investor Ping An

The Guardian - UK

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Profits jump at HSBC as it moves to fend off break-up calls from China

HSBC today moved to fend off pressure from one of its biggest shareholders to break up the group and return chunks of cash to investors.

Evening Standard

HSBC says pre-tax profits slip to $17.5 bn in 2022

Hong Kong (AFP) - Banking giant HSBC on Tuesday announced a dip in 2022 pre-tax profits last year, calling the ongoing impact of Covid-19 the main factor in its financial performance.

AFP

HSBC quits Canada, selling its business to RBC for £8.4bn

London-headquartered bank has been struggling to navigate political pressure from both Beijing and the west

The Guardian - UK

Calls for UK banks windfall tax as HSBC reports profits of $700m more than predicted

Bank records quarterly profits above $3.2bn estimated as interest rates rise on back of higher borrowing costs

The Guardian - UK

HSBC ditches finance chief as calls for windfall tax grow

HSBC today kicked off bank reporting season with a boom in profits that is likely to add to calls for a windfall tax on the sector – and revealed the surprise departure of number two executive Ewen Stevenson.

Evening Standard

Noel's flying high after scooping Scottish music award for the second year in a row

Lanarkshire teenager Noel Quinn will be playing a gig on his doorstep this weekend.

Daily Record

Ping An insists splitting HSBC would increase bank’s value

The Chinese shareholder has accused HSBC executives of exaggerating the downfalls of separating off the Asian business

The Guardian - UK

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AFP

HSBC H1 pre-tax profit falls, dismisses calls for split

Hong Kong (AFP) - HSBC bank on Monday said pre-tax profit fell in the first half, and appeared to rebuff calls to spin off its Asian activities on the eve of a key shareholder meeting.

Evening Standard

HSBC sets course for return to quarterly dividend payments

The London-listed giant, which earns much of its revenue in Asia, has faced calls from investors for it to be broken up

AFP

HSBC H1 pre-tax profit falls, says to pay quarterly dividends

Hong Kong (AFP) - HSBC on Monday said pre-tax profit fell in the first half of 2022 but it intends to resume quarterly dividends next year as its annual outlook remained positive.

Daily Mirror

HSBC banker suspended for speech on climate change 'nut jobs' discussing 'end of world'

Stuart Kirk spoke at the Financial Times' Moral Money Summit Europe conference and accused central bankers and policymakers of overstating the financial risks of climate change

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The National (Scotland)

HSBC suspend senior banker after he dismissed climate change warnings

LENDING giant HSBC has reportedly suspended a senior banker after he dismissed climate change warnings as “unsubstantiated” and claimed central…

The Guardian - UK

HSBC suspends head of responsible investing who called climate warnings ‘shrill’

Bank investigating Stuart Kirk’s conference speech deriding flooding risks and climate warnings from UN and Bank of England

Evening Standard

City comment: HSBC’s political balancing act is getting increasing precarious

Running a big bank is a political job at the best of times but HSBC boss Noel Quinn has found himself smack bang in the middle of the biggest geopolitical story of our century: the growing rift between the US and China.

AFP

HSBC profits slide as Ukraine war worsens inflation

London (AFP) - HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad debts as Russia's invasion of Ukraine sent inflation rocketing further.

Evening Standard

HSBC sees profits plunge and defends Russian businesses

HSBC today reported a plunge in profits, defended its Russianbusiness and said rising interest rates should enable it to retain returns to investors.

AFP

HSBC first-quarter pre-tax profits drop nearly 30% to US$4.2 bn

Hong Kong (AFP) - HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its outlook.

Evening Standard

HSBC pay deals are just a reward for not screwing up

Comment: Not all boats are rising as economy recovers

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