HSBC Holdings PLC
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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Shares generating the most important moves midday: Walgreens, GameStop, Intel, Robinhood and much more
Verify out the businesses earning headlines in midday trading: Walgreens Boots Alliance — The inventory sophisticated 5.4% on news that Walgreens is wanting for possible customers for its $8.8 billion Boots drugstore chain in the U.K., Bloomberg claimed Monday. Xponential Fitness — Xponential Fitness shares had been last up nearly 8.5% in risky investing. The […]
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Shares producing the largest moves premarket: Yelp, Sweetgreen, Novavax, Akamai Systems and more
Look at out the corporations producing headlines right before the bell. Akamai Systems — Shares of the cloud enterprise fell a lot more than 10% soon after issuing weak steering for the 2nd quarter. Akamai sees adjusted earnings ranging from $1.51 to $1.56 for each share on income of $967 million to $986 million. Analysts […]
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