41.55 +0.01 (0.02%)
After hours: 4:52PM EST
|Bid||0.00 x 2900|
|Ask||41.79 x 3000|
|Day's Range||41.40 - 41.79|
|52 Week Range||38.23 - 55.89|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||15.65|
|Forward Dividend & Yield||2.00 (4.82%)|
|1y Target Est||49.65|
HSBC Bank USA has named Shaun McDougall as head of retail business banking for its retail banking and wealth management business. McDougall joins HSBC from Citizens Bank, where he led the company's consumer ...
Here's a summary of some of the sectors and stocks in the United Kingdom that are gaining and losing from May's big Brexit deal loss.
“The question we should ask is: Is this a sag or heading toward a recession?” Draghi told members of the European Parliament in Strasbourg on Tuesday. “The answer we give is: No, it’s a slowdown, which is not headed toward a recession. The ECB president’s remarks followed a spate of disappointing data from across the 19-nation euro area in recent weeks, casting doubt over the economic outlook and leading investors to question whether the central bank will be able to start raising interest rates this year.
Shoe Carnival, Diamondback Energy, HSBC, Northrup and Hitachi highlighted as Zacks Bull and Bear of the Day
HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it said in a statement. HSBC would not give data on forex trades settled by traditional processes, saying only that those settled by blockchain represented a "small" proportion.
HSBC (HSBA.L) has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it said in a statement. HSBC would not give data on forex trades settled by traditional processes, saying only that those settled by blockchain represented a "small" proportion.
HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015. The settlement with the British bank was made public late Wednesday night in the federal court in Manhattan, and requires approval by U.S. District Judge Edgardo Ramos. HSBC is the third bank to settle, after Deutsche Bank AG and Bank of America Corp agreed in August 2017 to pay a respective $48.5 million and $17 million and cooperate with the plaintiffs.
According to the GuruFocus All-in-One Screener, the following stocks have high dividend yields but performed poorly over the last 12 months. AbbVie Inc. (ABBV)'s dividend yield is 3.94% with a payout ratio of 68%. Over the last 52 weeks, the share price has fallen 7.1%.
HSBC (HSBA.L) is facing criticism after its latest gender pay report showed the gap between men and women's pay in its UK business widened in 2018. The gender pay gap, which measures the difference between the average hourly salary of men and women, at Britain's biggest bank grew to 61 per cent in the year to April 2018, up from 59 per cent a year earlier. The lender - which employs more than 40,000 people in Britain - had the widest gender pay gap of any large British company in 2017..
By Jonathan Stempel NEW YORK (Reuters) - HSBC Holdings Plc (HSBA.L) has agreed to pay $30 million (£23.4 million) to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion ...
DUBAI—Saudi Arabia sold $7.5 billion in bonds Wednesday, drawing support from international investors in the kingdom’s first debt sale since the killing of journalist Jamal Khashoggi. The bond sale was backed by several high-profile Western banks, suggesting they are willing to work with Saudi Arabia despite the furor over Mr. Khashoggi’s death in October at the hands of Saudi agents. BNP Paribas, JPMorgan, HSBC, Citi and NCB Capital arranged the bonds, which people close to the transaction said attracted $27 billion in orders.
Career opportunities and professional development remain top reasons expats choose to move to the United States
Poster ads by HSBC appearing in four cities in the U.K. have been questioned by some in the country for stating: "We are not an island." People on social media are divided over the advert, that was launched earlier this month, with some suggesting it is anti-Brexit — which HSBC denies — and others saying that the bank's message is hypocritical.
No Recession Ahead, Says Allianz Chief Mohamed El-Erian Former PIMCO CEO and former head of Harvard’s endowment Mohamed El-Erian doesn’t think a recession is ahead of us in 2019. “You would need either a major policy mistake or a massive market accident to push us into recession.” Seemingly, according to El-Erian, 7 years of zero percent interest […] The post Market Morning: Happy New Year, Brexit Backtrack, Sears Saved, Italy Passes Budget appeared first on Market Exclusive.
The probe relates to HSBC Turkey Chief Executive Officer Selim Kervanci’s retweet of a video during the biggest protests of Erdogan’s rule five years ago, Cumhuriyet reported, without saying where it got the information. Kervanci gave his deposition to police in Istanbul last September, according to Cumhuriyet. HSBC Turkey declined to comment when contacted by Bloomberg.
Talks may not result in a transaction, National Commercial Bank said in a statement. Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, Bloomberg reported earlier Monday, citing people familiar with the matter.
Huawei Technologies Co., whose products have been targeted as a national security risk by the U.S. and other governments, faces a new hurdle: reduced access to the global financial system. Two banks that helped power the Chinese company’s rise as a global technology supplier, HSBC Holdings PLC and Standard Chartered PLC, won’t provide it with any new banking services or funding after deciding that Huawei is too high risk, people familiar with those decisions said. While HSBC made its decision last year, Standard Chartered moved more recently as concerns about Huawei escalated this year from a Justice Department investigation into whether the company violated U.S. sanctions on Iran, some of the people said.
HSBC Holdings' Asia Pacific insurance unit has received regulatory approval to divest its 49 percent stake in the Malaysian life insurance joint venture to Hong Kong-based FWD Group, owned by tycoon Richard Li. The deal to sell the stake in HSBC Amanah Takaful Malaysia Bhd has got the approval from the Malaysian central bank, and is expected to be completed in the first half of next year, the U.K.-headquartered lender said in a statement late Thursday. "We have decided to exit the takaful manufacturing business and focus on our banking operations in Malaysia," Stuart Milne, HSBC Malaysia unit chief, said in the statement, adding the bank would continue to distribute insurance products in that market.
Citigroup Inc., Numis Corp., HSBC Holdings Plc, Banco Santander SA and Peel Hunt LLP have sold shares of Kier Group Plc at a discount after less than 38 percent of Kier shareholders subscribed to the offering, leaving the five banks holding a stake worth 115 million pounds ($146 million). While volatility in global markets has made it harder for companies to find buyers in stock offerings -- and in Britain, Brexit is adding to the jitters -- Kier has company-specific concerns.
NEW YORK-- -- HSBC Bank USA, N.A. and its affiliates announced that they raised their prime and reference rate to 5.50% from 5.25%, effective Thursday, Dec. 20, 2018. HSBC Bank USA, National Association serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Connecticut; Delaware; ...
HSBC lost out after not doing a single deal in Qatar since June 2017, when Saudi Arabia and other Gulf Cooperation Council states imposed a diplomatic embargo on their neighbor. Many institutions “may have decided that, until there’s a diplomatic breakthrough, they should limit themselves to bidding for the business of only one of the sides,” said Richard Segal, senior analyst at Manulife Asset Management in London. HSBC declined to comment, while a Standard Chartered representative couldn’t be reached.
“October lived up to its scary reputation—the S&P 500 falling in the month by the largest amount in the last 40 years, the only worse Octobers being ’08 and the Crash of ’87. For perspective, there have been only 5 occasions in those 40 years when the S&P 500 declined by greater than 20% from […]
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples Read More...