49.32 -0.01 (-0.02%)
After hours: 4:11PM EDT
|Bid||0.00 x 1800|
|Ask||50.72 x 4000|
|Day's Range||49.09 - 49.59|
|52 Week Range||43.12 - 55.89|
|PE Ratio (TTM)||20.55|
|Forward Dividend & Yield||2.55 (5.09%)|
|1y Target Est||57.10|
HSBC Holdings Plc is continuing a hiring spree for its equities business in the Asia-Pacific region, recruiting executives from firms including Deutsche Bank AG, the German lender which is making deep cuts to its own global operations. HSBC has hired Deutsche Bank’s Isabella Kwok as a managing director for Asian equity sales with a China focus, according to people familiar with the matter, asking not to be identified because the move hasn’t been announced.
Omnicom agency PHD has won the global media-buying account for HSBC Holdings PLC, according to people familiar with the matter, dealing another blow to rival WPP. The review, which was conducted by consultant ID Comms on behalf of HSBC, came after the bank hired a new chief marketing officer, a move that often leads to a change in agency roster. Last year, HSBC hired Leanne Cutts, a former marketing executive from Mondelez, as its chief marketing officer.
WPP has suffered another blow since the recent departure of Martin Sorrell as chief executive with the loss of HSBC as a client of Mindshare, its media agency. The bank has moved its media buying account, ...
HSBC Private Banking Chief Investment Strategist, Jose Rasco, gives his views on emerging markets. He speaks with Betty Liu and Yvonne Man on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
After an almost 20-year drought in mergers and acquisitions among lenders in Saudi Arabia, a new deal may spur activity in the Middle East’s biggest economy. HSBC Holdings Plc affiliate Saudi British Bank, or SABB, is set to take over Alawwal Bank that’s backed by Royal Bank of Scotland Group Plc in a $5 billion stock deal. The merger will reaffirm HSBC’s position in the kingdom and may offer international lenders some insight on how to approach Saudi Arabia, which is opening up to overseas investment, but still blocks foreign control of banks.
HSBC Holdings Plc, the British bank that earns the largest share of its revenue from Asia, has promoted Rajeev Sahney to head Asia-Pacific advisory and corporates, people familiar with the matter said. Sahney, who was previously global head of consumer and retail investment banking, will remain in Hong Kong and advise on transactions across sectors, the people said, asking not to be named as the details aren’t public. Jason Rynbeck, who was previously head of mergers and acquisitions for the region, has been named the Asia-Pacific chairman for that business and vice chairman of global banking, the people said.
HSBC Holdings Plc’s Saudi Arabia unit offered to pay a 29 percent premium to acquire Royal Bank of Scotland Group Plc’s local venture in a $5 billion stock deal. Bloomberg's Matthew Martin reports on "Bloomberg ...
HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s banking affiliates in Saudi Arabia reached an initial agreement on the terms of a possible merger. Alawwal Bank, which is 40 percent owned by RBS, and Saudi British Bank reached a preliminary, non-binding agreement on the share exchange ratio, according to a statement on the Saudi stock exchange on Wednesday. The deal would mark Saudi Arabia’s first bank merger for almost 20 years and will create an entity with about $73 billion in assets.
HSBC Holdings Plc is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group Plc’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British Bank offered to take over RBS-backed Alawwal Bank in a $5 billion stock deal. The deal would make SABB the country’s third-biggest lender.
The largest banks and financial services firms are more open to collaboration with fintech startups than many observers might assume, according to executives from JPMorgan Chase & Co. (NYSE: JPM ), HSBC ...
HSBC and ING on Monday said they have carried out the first live trade-finance transaction on a blockchain platform, for a soybean shipment from Argentina to Malaysia.
HSBC Holdings Plc appointed Borja Azpilicueta as global head of financial sponsors and sovereign wealth funds coverage. Azpilicueta, who joined HSBC in 2012, has been HSBC's head of advisory for Europe, ...
HSBC Holdings PLC: * HSBC APPOINTS BORJA AZPILICUETA AS GLOBAL HEAD OF FINANCIAL SPONSORS GROUP Source text for Eikon: Further company coverage:
Clear Skies Ahead…For the Next Few Minutes At Least Futures are up this morning, and the positive action is being attributed to a President Trump tweet indicated that he is working together with President Xi of China on bailing out a very big Chinese phone company called ZTE. This sudden concern for the Chinese unemployment […] The post Trump Helps China, HSBC Goes Blockchain appeared first on Market Exclusive.
LONDON, UK / ACCESSWIRE / May 14, 2018 / If you want access to our free research report on LivePerson, Inc. (NASDAQ: LPSN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LPSN as the Company's latest news hit the wire. On May 10, 2018, the Company revealed that it has signed an agreement with HSBC Holdings PLC (NYSE: HSBC) to provide conversational commerce solutions to HSBC's customers across the globe including banking via text communication. The agreement was signed between LivePerson and HSBC late in FY17 and builds on the existing relationship between the two parties.
HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world's first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade. HSBC and Dutch bank ING completed the deal for Cargill last week when a shipment of soybeans was transported from Argentina to Malaysia via the global commodities trader's Geneva and Singapore subsidiaries, the British lender said in a statement. While there have been other trade finance deals that use blockchain in conjunction with other technologies, the Cargill transaction marked the first use of a single, shared digital application rather than multiple systems, HSBC said.
HSBC and ING said that the exchange was performed in 24 hours, compared to the five-to-10 days it normally takes through a paper-based system.
Sixty years ago, the humble shipping container started a boom in global trade. Now enthusiasts think blockchain could have a similar effect. Blockchains are pieces of software originally built to handle transactions of controversial virtual currencies like bitcoin.
Important news for shareholders and potential investors in HSBC Holdings plc (LSE:HSBA): The dividend payment of $0.1 per share will be distributed into shareholder on 05 July 2018, and theRead More...
HSBC has completed the world’s first commercially viable trade-finance transaction using blockchain, opening the door to mass adoption of the technology in the $9tn market for trade finance. The UK-based bank said the blockchain trade, which processed a letter of credit for US food and agricultural group Cargill, had shown the platform was ready to be commercially adopted across the industry. The introduction of blockchain, which underlies cryptocurrencies such as bitcoin, is expected to shake up the centuries-old trade-finance industry, reducing the numerous documents and several days of processing needed for a single transaction to a paperless task that can be completed in hours.
HSBC's (HSBA.L) Connected Money app, providing a single platform for users to see their accounts with a range of providers, registered 13,000 downloads within a day of its launch, the British lender's digital banking head said on Friday. Retail banks are rushing to polish up their digital offerings as smaller financial technology firms enjoy growing popularity among users who increasingly expect slick apps and more personalised services. HSBC has set aside $2 billion (1.5 billion pounds) for investments in technology globally and digital banking head Raman Bhatia said it will start a large advertising campaign at the weekend as it seeks to make the full breadth of its 13 million-strong UK customer base aware of Connected Money.
HSBC's (HSBA.L) Connected Money app, providing a single platform for users to see their accounts with a range of providers, registered 13,000 downloads within a day of its launch, the British lender's digital banking head said on Friday. Retail banks are rushing to polish up their digital offerings as smaller financial technology firms enjoy growing popularity among users who increasingly expect slick apps and more personalised services. HSBC has set aside $2 billion for investments in technology globally and digital banking head Raman Bhatia said it will start a large advertising campaign at the weekend as it seeks to make the full breadth of its 13 million-strong UK customer base aware of Connected Money.