HSBC Holdings PLC
UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households […]
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European markets close higher as euro zone inflation rises; tech stocks up 2.6% led by ASML
LONDON — European markets closed higher on Wednesday, maintaining positive momentum after euro zone inflation rose unexpectedly. The Stoxx 600 index preliminarily closed 0.79% higher, with technology stocks jumping 2.62%. Dutch chip firm ASML led the charge, rising as much as 10% before somewhat paring gains after a Reuters report suggested that the company could be exempted […]
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HSBC reports narrow first-half profit decline, beats expectations
Aaron P | Bauer-Griffin | GC Images | Getty Images Europe’s largest lender HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment. The bank posted pretax profit in the six months to June of $21.56 billion, down from […]
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CNBC Daily Open: Dow jumps 700 points, gold hits record, HSBC new CEO
Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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HSBC appoints Georges Elhedery as group CEO starting Sept. 2
Key Points HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery replaces Noel Quinn, who has held the position for nearly five years. Elhedery will continue to serve as group CFO during the transition period, and his successor for the role has not been announced. Source
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European stocks observed slipping as traders digest French election result
LONDON — European shares have been established to tumble at the open on Monday as markets reacted to an predicted hung parliament in France just after a shock gain for a left-wing coalition of parties. France’s CAC 40 was witnessed slipping 37.9 points to 7,631, in accordance to IG, and the euro was down .18% […]
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HSBC, Virgin Revenue and Nationwide consumers suffer on-line banking outage
LONDON – Nov. 5, 2020: Fog shrouds the Canary Wharf business enterprise district which includes world-wide financial institutions Citigroup Inc., Condition Avenue Corp., Barclays Plc, HSBC Holdings Plc and the commercial place of work block No. 1 Canada Sq.. Dan Kitwood | Getty Photographs Information | Getty Pictures Buyers of HSBC, Nationwide and Virgin Dollars […]
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Revolut moves global HQ to heart of London’s financial district as it awaits UK bank license
A mockup of what Revolut’s new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup. Revolut British financial technology firm Revolut announced Thursday that it’s planning to move its […]
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Digital lender Monzo posts 1st entire year of gain immediately after a lot more than doubling earnings
A Monzo debit card becoming utilised at a payment terminal. Monzo Monzo, the British electronic challenger bank, on Monday noted its initially entire 12 months of profitability. The fintech startup said in yearly economical effects that its pre-tax profits totaled £15.4 million ($19.6 million) in its 2023-2024 fiscal yr, swinging to the black from a […]
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HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Key Points Citing people familiar with the matter, Bloomberg said that “one option an internal team at the Chinese insurance giant is considering is further share sales, similar to the $50 million sale it disclosed last week.” Ping An has butted heads with HSBC’s management in recent years, most notably supporting a shareholder motion in […]
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