NYSE - Nasdaq Real Time Price ? USD HSBC Holdings plc (HSBC) Follow Compare 44.18 -0.54 (-1.21%) At close: October 21 at 4:00 PM EDT 44.09 -0.09 (-0.20%) Pre-Market: 7:26 AM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations HSBC puts wealth in the spotlight after huge restructure From 1 January 2025, HSBC will operate completely differently. Private Banker International ? 1 hour ago HSBC -1.21% New HSBC CEO Shakes Up Structure of Europe's Biggest Bank HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income at Europe's biggest bank by assets. Under the plan laid out Tuesday, HSBC will merge its commercial- and investment-banking units. The U.K. and Hong Kong, HSBC's biggest markets, will have standalone divisions. The Wall Street Journal ? 1 hour ago HSBC -1.21% Trending tickers: Nvidia, Apple, SAP, HSBC and Mulberry The latest investor updates on stocks that are trending on Tuesday. Yahoo Finance UK ? 2 hours ago ^FTSE GBPEUR=X GBP=X HSBC unveils sweeping overhaul in bid to simplify corporate structure Investing.com -- London-listed shares in HSBC (LON:HSBA) were little changed on Tuesday as investors parsed through the bank's new plans to carry out a sweeping overhaul of its corporate structure. Investing.com ? 2 hours ago HSBC -1.21% HSBC splits bank amid growing tensions between China and the West HSBC has unveiled a sweeping overhaul of its bank separating its UK division from its Asia business amid growing geopolitical tensions between China and the West. The Telegraph ? 4 hours ago HSBC -1.21% HSBC to Revamp Organizational Structure Europe’s largest bank by market value will split off its Hong Kong and U.K. businesses as individual units. The Wall Street Journal ? 5 hours ago HSBC -1.21% HSBC splits East and West in major revamp and appoints first female finance chief HONG KONG/LONDON (Reuters) -HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the appointment of the bank's first female finance chief. Under the revamp, announced on Tuesday, HSBC will combine some of its commercial and investment banking businesses. It also installed a new leadership structure, which would "unleash our full potential and drive success into the future," Elhedery said in a memo to staff. Reuters ? 7 hours ago HSBC -1.21% Artificial Intelligence and Trust to Reshape Healthcare by 2035, HSBC Report Charts Path to Innovation NEW YORK, October 21, 2024--A strengthening of trust between physicians and patients, a reinvention of in-person interactions, and new innovations that resolve silos and reimagine incentives, are factors needed for meaningful change in healthcare, according to the Health 2035: A Bold Path Through the Uncharted Future of Health, published by HSBC Innovation Banking and The Linus Group. This report was announced at HLTH USA 2024 in Las Vegas. Business Wire ? 19 hours ago HSBC -1.21% Update: Market Chatter: HSBC's French Life Insurance Business Draws Interest From BNP Paribas, BPCE, and Matmut Update: Market Chatter: HSBC's French Life Insurance Business Draws Interest From BNP Paribas, BPCE, and Matmut PREMIUM MT Newswires ? 22 hours ago HSBC -1.21% HSBC expands Nova Credit partnership HSBC is making its UK mortgages more accessible for international homebuyers by introducing technology Retail Banker International ? 4 days ago HSBC -1.21% How Big Banks are using AI and what it means for workers JPMorgan Chase & Co. (JPM) CEO Jamie Dimon says while artificial intelligence (AI) is poised to boost productivity, banks need to do more to help the workers who will be displaced by the tech. Synechron Co-Founder and CEO Faisal Husain joins Seana Smith and Madison Mills on Catalysts to discuss what the company that advises nine of the 10 of the largest banks outside of China on AI is telling clients. “We believe that AI can play a big role in boosting productivity and thereby also reducing cost for a lot of financial institutions and also other enterprises. But at the same time, we're still in the very early stages of this technology. It will take time to get it to a point where, as Mr. Dimon says, it massively affects jobs. So I think it will be a gradual process.” Husain says it will take time for banks to see the full return on their investment in AI. “The technology is still evolving. It's evolving at a very fast pace. We're still trying to help our clients understand where it can be applied, how it can be applied, and people are going in different directions.” Synechron is telling clients, “Don't worry about finding the killer app for your company within your enterprise,” Husain says, telling that "productivity-focused initiatives" should initially be aimed at saving minute amounts of time in workflows first. "And use that as a way of leveraging AI within the enterprise rather than finding this nirvana, this killer app type of a solution which takes time.” To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 4 days ago MS -2.30% MS-PQ BAC Best UK mortgage deals of the week, 17 October Find out the latest mortgage rates and deals from HSBC, NatWest, Santander, Barclays and more. Yahoo Finance UK ? 5 days ago BCS -1.79% TWODF TWODY Best credit card deals of the week, 16 October Discover the best credit cards to save money, earn rewards, and travel smarter Yahoo Finance UK ? 6 days ago HSBC -1.21% BCS -1.79% BABWF HSBC Shares Up 17% Since Canada Divestiture, Focus Shifts Toward Asia (Revised) HSBC shares have surged 17% since selling its Canadian business to RBC for C$13.5B. The deal aligns with HSBC's strategy to focus on Asia while boosting investor returns. Zacks ? 6 days ago HSBC -1.21% RY -0.84% HSBC launches review of China digital wealth business Pinnacle This scrutiny could potentially lead to layoffs and represents a shift from the bank's previous growth plans for the unit. Private Banker International ? 6 days ago HSBC -1.21% Singapore Seeks to Jail OK Lim for 20 Years for Cheating HSBC (Bloomberg) -- Singapore oil tycoon Lim Oon Kuin will be sentenced on November 18 for cheating and forgery in one of the biggest trading scandals to rattle the energy-trading hub.Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms, an Old Boogeyman Returns: BrusselizationThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsIn Bloomberg ? 7 days ago HSBC -1.21% HSBC probes China Pinnacle wealth business on costs and control, say sources HONG KONG/SHANGHAI (Reuters) -HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender's ambition for the unit, several sources said. As part of the review, the lender is looking at staff salary structures and probing whether suppliers inflated expenses, contributing to a sharp spike in costs that outpaced revenues, according to five sources familiar with the matter. The review, which has not been previously reported, started a few months ago, the sources said, requesting anonymity because the conversations are confidential. Reuters ? 7 days ago HSBC -1.21% Footasylum ￡35m funding to fuel store expansion, sustainability plans Sportswear retailer Footasylum has secured a ￡35m ($46m) Revolving Credit Facility (RCF) from financial services group HSBC UK to drive store expansion, enhance its omnichannel retail capabilities, and further advance its sustainability initiatives. Just Style ? 11 days ago HSBC -1.21% HSBC Plans to Expand Private Wealth Management Business in Canada HSBC aims to double its private client business in Canada as the Canadian private wealth management market offers an attractive opportunity for the company. Zacks ? 11 days ago HSBC -1.21% CFG HSBC ‘planning cuts among top bankers in cost-saving plan’ Boss Georges Elhedery is said to be considering a merger of the commercial banking and investment arms. PA Media: Money ? 11 days ago HSBC -1.21% Performance Overview Trailing total returns as of 10/22/2024, which may include dividends or other distributions. Benchmark is FTSE 100 Return HSBC FTSE 100 YTD +18.86% +6.86% 1-Year +29.57% +11.64% 3-Year +79.56% +14.93%
