HSBC Holdings PLC (HSBC)

The Trust Threshold: The Majority of U.S. Investors Use AI To Explore, But Only 7% Say It Drove Their Last Major DecisionJune 24, 2026 1:00 PM
Business Wire New U.S. findings from HSBC research shows affluent and high-net-worth investors are using AI for financial research, but human judgment is more influential for ideas and decisions 57% of U.S. affluent investors use AI for financial and investment tasks (vs. 73% globally) Only 7% of U.S. investors cite AI as the most influential factor in their last investment decision (12% globally); 59% cite financial professionals/institutions as the source of their last investment idea (vs 19% who say AI) More than one-third (38%) of those surveyed in the U.S. said they prefer a hybrid approach (AI and advisors) to their decision making AI has become a mainstream tool for U.S. investors to research finance and investing topics, but when it comes to making a decision, they turn to trusted human advisors for judgment, context, and conviction. These findings come from a new survey, commissioned by HSBC from Ipsos Asia Limited, of almost 10,000 affluent and high-net-worth individuals across 10 markets, including over 1,000 in the U.S., exploring how individuals use AI in finance and investment decision-making. “AI has democratized access to information, providing investors a valuable tool to help explore financial and investment options. However, our survey findings confirm that when it comes to making important financial decisions, investors primarily look to financial professionals and institutions for human judgment, accountability, and personalized advice,” said Racquel Oden, Head of International Wealth Management and Private Banking, U.S. at HSBC. “We believe the future of wealth management isn't about choosing between technology and people; it's about combining the power of AI with the insight and trust that only a financial professional can provide." Key U.S. findings from survey include the following: AI accelerates research; decisions remain human In the U.S., 57% of respondents said they use AI for financial and investment tasks, primarily for the practical benefits of AI, such as analysis and research (51%), strategy support (40%), and to provide a second opinion on their ideas (23%). The data also shows that higher AI usage does not remove the need for advice. As decisions become higher-stakes, investors turn to advisors for human input: 77% cite the need for reassurance and 68% said they look to advisors for strategic expertise. When asked where their last investment idea came from, 59% of U.S. respondents said it was from financial professionals and institutions, versus 19% who cited AI. AI’s influence drops further at the point of commitment: only 7% of U.S. investors cite AI as the most influential factor in their last investment decision. On average, 38% of U.S. respondents say their ideal future decision-making approach is hybrid, with AI and advisors working together. This includes respondents who use AI to discover options, then seek a human advisor to validate findings before acting; and those who want their advisor to use AI tools to support them, underscoring the role of advisors in applying judgment and context when investors are ready to act. This is more pronounced for younger generations. When asked about their ideal approach, Gen Z and Millennials consistently choose a hybrid model across every financial task (50% and 44%). For Gen Z, this includes analyzing portfolio performance (42%) and generating new investment ideas (37%); for Millennials, the pattern is similar at 30% and 33%. While AI use was high across generations, Gen Z and Millennials are the most active users in the U.S.: 63% benefit from confidence and decision support from AI, compared to 31% of Gen X and Baby Boomers. AI boosts confidence, advisors provide conviction According to the survey findings, AI is changing U.S. investor behaviors and attitudes. Globally, 49% said that AI makes them more willing to take calculated risks; in the U.S., 44% say the same, suggesting a slightly more measured approach. Meanwhile, 48% of U.S. investors self-report that AI helps them feel more in control (slightly below the global average, 51%), and 31% say AI makes them feel less in control (higher than the global average, 26%). While AI’s impact on attitudes and behaviors vary between the U.S. and global respondents, and across generations, around nine in ten (86%) U.S. investors self-report that AI has influenced their investment returns, attributing an average of 35% of returns to AI, higher than the global average (33%). This rises to 36% for high-net-worth investors (US$2M+). High-net-worth investors in the U.S. ranked finance and investment as a top area for using AI (44%). Yet, for this group, professional advice remains more influential, with 67% citing financial professionals and institutions as the leading source of an investment idea, compared with 16% who cite AI. In the U.S., investors are signaling a clear preference for a hybrid approach: AI for discovery and research, and human advisors for decision judgment and validation, especially when building long-term plans and making major portfolio decisions. About HSBC HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through International Wealth and Premier Banking (IWPB) and Corporate and Institutional Banking (CIB). Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly owned subsidiary of HSBC North America Holdings Inc. Notes to editors Methodology HSBC’s “The AI and Human Advantage” survey findings are based on insights from 9,993 affluent and high-net-worth individual investors aged 21 to 69 with minimum investable assets of USD 100,000 and USD 2 million respectively. The research was conducted by Ipsos Asia Limited on behalf of HSBC online in mainland China, Hong Kong, India, Malaysia, Mexico, Singapore, Taiwan, the UAE, the UK and the U.S. (U.S. sample: 1,128). The fieldwork ran from 6 January to 6 February 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260624836719/en/ Media
Maya Dillon
Head of Communications, U.S. and Americas
HSBC
maya.dillon@us.hsbc.com Original: The Trust Threshold: The Majority of U.S. Investors Use AI To Explore, But Only 7% Say It Drove Their Last Major Decision

NYSE Content Update: UiPath Celebrates Five-Year Listing Anniversary at NYSEApril 21, 2026 8:55 AM
PR Newswire (Canada)

NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, April 21, 2026 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 



Ashley Mastronardi delivers the pre-market update on April 21stThe major averages are climbing Tuesday morning as investors react to the latest developments in Iran and fresh earnings.UiPath (NYSE: PATH) CMO Michael Atalla will join NYSE Live to discuss his company's five-year anniversary as a listed company.HSBC (NYSE: HSBC) Innovation Banking Managing Director Jonathan Norris will join NYSE Live to discuss the state of VC healthcare,Suburban Propane Partners (NYSE: SPH) CEO Michael Stivala will join Taking Stock after market close as his company celebrates its 30th listing anniversary.Opening Bell
UiPath (NYSE: PATH) celebrates the 5th anniversary of its IPOClosing Bell
Suburban Propane (NYSE: SPH) celebrates the 30th anniversary of listingFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com














View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-uipath-celebrates-five-year-listing-anniversary-at-nyse-302748688.htmlSOURCE New York Stock Exchange

Original: NYSE Content Update: UiPath Celebrates Five-Year Listing Anniversary at NYSE

HSBC Expands Tokenized Deposit Service to the United States, Connecting Global Liquidity Across Key Financial MarketsApril 13, 2026 1:30 PM
Business Wire
HSBC TDS is available in Hong Kong, Singapore, Luxembourg, and the UK


Today HSBC announced the launch of its Tokenized Deposit Service (TDS) in the United States, marking a significant expansion of its digital money capabilities to enable seamless, real-time funds movement across jurisdictions in a regulatory-compliant, always-on environment.


TDS combines the familiarity and trust of traditional bank deposits with the speed, transparency, and automation of blockchain-based rails. Through TDS, eligible clients can transfer funds 24/7 – domestically and cross-border – from treasury centers to subsidiaries, instantly and on-chain, improving liquidity management and global commerce.


“Our clients operate across markets, currencies, and time zones and are looking for faster, more transparent ways to manage liquidity and move money without adding operational complexity,” said Tom Halpin, North America Lead, Global Payments Solutions, HSBC. “With TDS, we’re helping clients reduce friction, improve control, and connect more easily with the evolving digital ecosystem.”


Built to integrate with clients’ existing treasury and payment infrastructures and operate within local regulatory frameworks, TDS reflects HSBC’s commitment to delivering innovation with strong governance and compliance standards. The service is also available in Hong Kong, Singapore, Luxembourg, and the UK, and supports a range of currencies including EUR, GBP, HKD, SGD, and USD.


Benefits of TDS can include:



Accelerated settlement within the tokenized deposit network



24/7 availability for domestic and cross-border transfers



More efficient working capital management and liquidity movement across accounts and entities



Compatibility with existing banking and treasury infrastructure



Improved visibility into cash positions to support real-time liquidity decisions



Reduced manual processing and straight-through processing to streamline operations



As part of its broader digital asset strategy, HSBC continues to invest in building an open, interoperable money layer, connecting core financial infrastructure with emerging digital networks. This supports a range of use cases, including bridging blockchain-enabled workflows with payment and banking rails, enabling real-time treasury management, facilitating settlement of tokenized assets, and integrating with regulated digital money solutions.


Availability and onboarding


Tokenized Deposit Service is available to eligible HSBC corporate and institutional clients in the United States, subject to applicable approvals, documentation and onboarding requirements.


To learn more, visit: https://www.business.hsbc.com/en-gb/products/tokenised-deposit-service


About HSBC


HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,233bn at 31 December 2025, HSBC is one of the world’s largest banking and financial services organisations.


Disclaimer


Tokenized Deposit Service is provided by HSBC and is available only to eligible clients in applicable jurisdictions, subject to relevant terms, conditions and approvals. This press release is for information purposes only and does not constitute an offer, solicitation or recommendation of any product or service.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413715909/en/
Media Contact



Elena Connolly

Email: Elena.Connolly@us.hsbc.com


Original: HSBC Expands Tokenized Deposit Service to the United States, Connecting Global Liquidity Across Key Financial Markets

Women Are Set to Control More Wealth Than Ever but HSBC Finds Only a Minority Feel Prepared for the Financial Decisions AheadMarch 12, 2026 9:30 AM
Business Wire
New HSBC research highlights a “Financial Fluency Gap” and the need for personalized financial planning, with 70% of affluent women saying advice tailored to their life stage would improve financial decisions


KEY FINDINGS



Only 32% of affluent women say they feel prepared for their own long-term care needs, and only 29% feel prepared for their aging costs.



70% say financial education tailored to their life stage would improve their financial decisions.



Less than half of affluent women feel supported by their financial advisor or financial institution.



Nearly two-thirds of affluent women say they financially plan for others, not just themselves.



43% of affluent women prioritize leaving financial security to loved ones, significantly more than men.



As the Great Wealth Transfer accelerates, women are poised to take on an unprecedented role in global financial decision-making. By 2030, women are expected to control more than 40% of global wealth, representing one of the most significant shifts in financial power in modern history1. Yet new research from HSBC finds that many affluent women, while highly engaged in their financial lives, still feel unprepared for the complex financial decisions that accompany this growing responsibility.


The findings, based on a new study conducted by HSBC in partnership with Ipsos, show that while women are earning, saving, investing and planning for the future, many still lack the financial fluency needed to confidently navigate key decisions as their responsibilities evolve across life stages.


The research identifies what HSBC calls the Financial Fluency Gap, the space between financial literacy and the ability to apply financial knowledge strategically over time.


The report highlights that financial literacy refers to understanding the basics of money and investing, financial fluency goes further. It is the ability to apply that knowledge to real-world decisions: knowing what to do and when to do it, and how to address competing financial goals as life evolves.


These findings challenge long-held assumptions about women and wealth. The issue is not effort or ambition, but whether financial advice has evolved to reflect women’s life stages, responsibilities, priorities and longer-term realities.


As women’s lives grow more complex, from supporting children and aging parents to navigating longer life expectancies, traditional financial advice designed around static life stages may no longer reflect how women actually manage wealth.


“Our research shows that women are highly engaged in their financial lives, but engagement alone isn’t enough,” said Racquel Oden, Head of International Wealth Management and Private Banking, U.S. at HSBC. “Financial fluency goes beyond financial literacy. It’s the ability to understand what to do and when to do it as life evolves. Closing the Fluency Gap means financial institutions must do more to provide guidance that shifts with women’s lives and helps them navigate those changing priorities with clarity and confidence.”


“Throughout my work with Know Your Value, I’ve seen that women are incredibly capable and deeply engaged when it comes to building their futures,” said Mika Brzezinski, co-host of Morning Joe on MSNOW and founder of the Know Your Value movement. “But many women still feel unsure about how to translate what they know into financial decisions that support their lives and goals. That’s why the idea of financial fluency is so important. When women understand their options and feel comfortable asking questions, they’re better able to advocate for themselves and build a financial plan that truly reflects their priorities.”


As women take on an increasingly central role in wealth creation, inheritance and financial decision-making, the findings highlight the need for financial guidance that reflects the realities of women’s lives and the complexity of their financial priorities.


This presents a significant opportunity for financial institutions to move beyond traditional financial literacy efforts and support women with financial fluency — equipping them to make informed decisions, navigate trade-offs and build long-term resilience for themselves and future generations.


About the Research


The findings are detailed in the report The Financial Glow Up: The Fluency Gap in Women’s Wealth, based on an HSBC online survey conducted in partnership with Ipsos from January 5–8, 2026.


The study surveyed 2,056 individuals with investable assets over $100,000, including 1,045 women, age 18+, with investable assets > 100k, from the U.S., across multiple age groups and backgrounds. The starting sample was weighted to be representative of the U.S. population on age, race/ethnicity, education and Census region. Generation definitions used in this report: Gen Z (born 1997-2012), Millennials (1981-1996), Gen X (1965-1980), Baby Boomers (1946–1964).


View the full report here: https://www.about.us.hsbc.com/newsroom/press-releases/hsbc-uncovers-fluency-gap-as-women-set-to-control-40-of-global-wealth


HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,233bn at 31 December 2025, HSBC is one of the world’s largest banking and financial services organisations. HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through International Wealth and Premier Banking (IWPB) and Corporate and Institutional Banking (CIB). Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Innovation Banking in the U.S. is a business division with services provided in the United States by HSBC Bank USA, N.A.


About Know Your Value

Mika Brzezinski’s Know Your Value is a movement and multi-touch point platform that helps women recognize, and be recognized for, their personal and professional value by developing and inspiring individual growth.


1 McKinsey & Co, The new face of wealth: The rise of the female investor, May 2025

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312396815/en/
Media Contact

Maya Dillon, Head of Communications, U.S. and Americas, HSBC

maya.dillon@us.hsbc.com


Original: Women Are Set to Control More Wealth Than Ever but HSBC Finds Only a Minority Feel Prepared for the Financial Decisions Ahead

$HSBC Book value only worth under $10 pps. $HSBC Has $722.41B debt.

Strategy is still “simplify and focus” under Elhedery and the Singapore insurance review fits that playbook.

HSBC Holdings plc NYSE $HSBC Total Debt (mrq) $698.43B

Bollenger Bands are closing in, looking like a shorting opportunity is forming

Wtf. Y’all

Hong Kong (AFP) - HSBC is planning to lay off up to 10,000 staff, a report said Monday, just weeks after announcing the resignation of its chief executive and the cutting of 4,000 posts citing a weak global outlook.


..."We've known for years that we need to do something about our cost base, the largest component of which is people.

...axe two percent of its global workforce

And last month, Germany's second-largest lender Commerzbank said it plans to cut the equivalent of 4,300 full-time posts -- a tenth of its workforce -- and shut 200 branches as it restructures.

Deutsche Bank has announced 18,000 job cuts and France's Societe Generale 1,600.

https://news.yahoo.com/hsbc-planning-cut-10-000-more-posts-financial-054314315.html

HSBC Get a Charge Card from this company....Talk to customer service..You will want to sell this garbage bank.
Service??? What a joke!

this may end in tears

are they going to increase the dividend

HSBC’s Turkish CEO will stand trial for sharing a video comparing the country’s leader Recep Tayyip Erdogan with Adolf Hitler during anti-government protests in 2013, Bloomberg reported.

As demonstrators flooded Istanbul’s Gezi Park in 2013, HSBC CEO Selim Kervanci shared a video clip from the movie ‘Downfall,’ which depicts Adolf Hitler’s hysterical rant in his Berlin bunker as the Soviet Red Army closed in on the city. The clip had been used for meme-making many times before, but this time the Turkish subtitles made it seem as if the Nazi leader is Erdogan discussing ways of clamping down on the protests.

HSBC accomplice of BARRICK in defrauding the system

HSBC sold fake Gold and Silver from Chile's PASCUA LAMA PONZI SCAM of Barrick and are GOLD + SILVER LESS plus cash less after conned by barrick and its team of financial terrorists.

HSBC selling royalties and making loans on Gold that BARRICK never owned!!

Holding the bag my hearties? you are in good company many banks are now sued and involved in Chile in the CRIMINAL RACKET PASCUA LAMA... wow

CREDIT SUISSE 35 million USD scam to steal PASCUA LAMA with Barrick and NEWMONT failed and they have a Chile Tribunals call with HCBC Scotia bank Deutsche Bank AG JPM the lot.... ah...private banker ANDRONICO LUKSIC of BANCO DE CHILE is one of the scammers at the center of the FINANCIAL TERRORISM

Credit Suisse tampered with the file for the benefit of Barrick via a NEW YORK LAWYER

MOTLEY'S settled an INSURANCE FRAUD with Barrick trying like SILVER WHEATON to fabricate title at PASCUA LAMA as done by barrick via PASCUA LAMA PROTOCOL in fabrication of mining titles that BARRICK never owned or had.

Big correction of GOLD + SILVER SHORTS in physical metals coming right up and at ya.

FULL STORY and maps

https://pascuachile.wixsite.com/mysite

1.05USD + 0,000001 contracted interest contract. below

https://pascuachile.wixsite.com/mysite-1

HSBC sold fake Gold and Silver from Chile's PASCUA LAMA PONZI SCAM of Barrick and are GOLD + SILVER LESS plus cash less after conned by barrick and its team of financial terrorists.

HSBC selling royalties and making loans on Gold that BARRICK never owned!!

Holding the bag my hearties? you are in good company many banks are now sued and involved in Chile in the CRIMINAL RACKET PASCUA LAMA... wow

CREDIT SUISSE 35 million USD scam to steal PASCUA LAMA with Barrick and NEWMONT failed and they have a Chile Tribunals call with HCBC Scotia bank Deutsche Bank AG JPM the lot.... ah...private banker ANDRONICO LUKSIC of BANCO DE CHILE is one of the scammers at the center of the FINANCIAL TERRORISM

Credit Suisse tampered with the file for the benefit of Barrick via a NEW YORK LAWYER

MOTLEY'S settled an INSURANCE FRAUD with Barrick trying like SILVER WHEATON to fabricate title at PASCUA LAMA as done by barrick via PASCUA LAMA PROTOCOL in fabrication of mining titles that BARRICK never owned or had.

Big correction of GOLD + SILVER SHORTS in physical metals coming right up and at ya.

FULL STORY and maps

https://pascuachile.wixsite.com/mysite

1.05USD + 0,000001 contracted interest contract. below

https://pascuachile.wixsite.com/mysite-1

Sell sell sell

HSBC Up 2.5% to $38.19

HSBC Up 1.75% to $37.21

Go $HSBC !!

HSBC on a tear Lately! $40 Break Coming?!

Up Over 5% Today

HSBC Freezes Hiring, Pay In 2016 http://marketexclusive.com/hsbc-holdings-plc-adr-nysehsbc-freezes-hiring-and-pay-in-2016-as-part-of-slashing-costs/2184/

HSBC news today ~ interesting http://www.bloomberg.com/news/articles/2015-11-03/hsbc-turkey-said-to-draw-local-banks-interest-as-deadline-looms-igj68e54?cmpid=yhoo.headline


Fiba Holding, owned by billionaire Husnu Ozyegin, is considering a bid for HSBC Holding Plc’s unprofitable Turkish business, joining ING Groep NV in the running for the unit, four people with knowledge of the matter said.

$51 looked like a place of resistance last few days... now the question is: gap-fill to support of $51 or the battle of $51 will go to those with shorts on?

I have a horizon of $45 for this bad boy.

$50.70 looks like near term resistance.

Do folks share their trades? I have Apr $45 Puts since last week.

only 4 years ... hmm, but actually I do not wonder anymore about the bank crashes..

hope you are doing fine, have a great day, e

Second Major Banking Crash Imminent : HSBC Bank
Saturday, January 25, 2014 8:45

http://beforeitsnews.com/economy/2014/01/second-major-banking-crash-imminent-hsbc-bank-2589488.html
God Bless

hsbc should buy myecheck incorporated and its technology so they can start taking business from paypal and make guarunteed income for years!

HSBC post profit but still below what was expected http://hashooy.blogspot.com/2013/08/hsbc-does-not-want-to-be-embassys-bank.html

HBC Q2 2013 event transcript can be read here....
http://www.earningsimpact.com/Transcript/82677/HBC/Q2-2013-Earnings-Call

This was recently the pull back to the major start of a major decline.

LOAD up the SHORTS here...and watch this baby fall.

jesus,

if no one on this board knows what is happening to hbc...

you must retired and so rich you don't give a damn about your life savings or you are dead.

george

GO SHORT!

So far down 2% and counting from post...more to come.

If half of what is being said is true...HBC will be torn apart and assets will be sold off.

I am talking bankruptcy here.

Investors should bail now and go the other way, SHORT it.

Time to short HBC with every thing you have.

Good way to make a quick 10% profit.

News:

http://ih.advfn.com/p.php?pid=nmona&article=53463120&symbol=KEY

Interesting:

http://online.wsj.com/article/SB10001424052970203718504577182853115156144.html?ru=yahoo&mod=yahoo_hs

AT A GLANCE: UK Bank 1Q Earnings Hit By PPI, Regulatory Charges
Last update: 5/9/2011 7:58:10 AM
THE NEWS: HSBC Holdings PLC (HBC) wrapped up the U.K. banks' first-quarter earnings Monday with a disappointing set of results that highlighted the challenges for new Chief Executive Stuart Gulliver to improve the bank's revenue and cuts its costs.
It also weighed in on how much it expects to repay to customers mis-sold payment protection insurance on mortgages and other loans, after Lloyds Banking Group PLC (LYG) shocked the market last week with a GBP3.2 billion provision.
HSBC set aside $440 million and Barclays PLC (BCS) Monday said it is earmarking GBP1 billion to PPI customers.
It was largely a lackluster quarter for the country's banks, with only Asia-focused Standard Chartered PLC (STAN.LN) pleasing the market with record income.
BARCLAYS, reported April 27: First-quarter net profit slipped to GBP1.01 billion from GBP1.067 billion amid a sharp fall in revenue at its Barclays Capital investment-banking unit. Bank executives said uncertainty over coming regulatory requirements is hindering dividend growth, and that reducing credit exposure will be a priority to curb the effects of higher capital charges from 2013 on risky assets.
Barclays said the U.K. bank levy charge will be about GBP100 million for the first quarter. On May 9, it said it is provisioning GBP1 billion for PPI customers.
SANTANDER UK, reported April 28: The U.K. arm of Spain's Banco Santander SA (STD), said higher regulatory and liquidity costs hit profit, for a 2% fall in first-quarter net profit from a year earlier, to GBP419 million. It said it has had to pay more to replace maturing debt, and is holding GBP30 billion more in liquid assets than it did 15 months ago because of tougher liquidity regulation. The bank said it is paying out PPI claims as they arise and doesn't need to make a provision.
STANDARD CHARTERED, reported May 4: The U.K.-based, Asia-focused bank said it made record revenue in the first quarter, from double-digit growth in both retail and wholesale banking. Cost growth is still outpacing revenue growth but narrowing from 2010 levels. The bank repeated guidance that it aims to fully bridge that gap by the end of 2011. Hong Kong, India, Singapore, Malaysia and China all made strong contributions, the bank said. It never sold PPI products.
LLOYDS BANKING GROUP, reported May 5: The 41% state-owned bank made a surprise GBP3.2 billion provision to cover refunds to customers mis-sold payment protection insurance on mortgages, credit cards and personal loans, a higher figure than had been expected and putting pressure on its peers to drop a legal effort to stem costs. Because of the charge, as well as lower retail margins, the bank posted a GBP2.44 billion net loss in the first quarter, compared with a GBP169 million net profit in the first quarter of 2010. Attention is now on a strategic update due at the end of June from new CEO Antonio Horta-Osorio, who gave few clues Thursday on what it might hold.
ROYAL BANK OF SCOTLAND GROUP PLC (RBS), reported May 6: The bank's first-quarter loss widened from accounting charges and rising bad debts in Ireland, but its shares rose more than 3% Friday as investors and analysts took comfort from improvements in the bank's core divisions.
Group operating profit, stripping out tax, accounting charges and restructuring costs, was GBP1.05 billion in the three months--better than some analysts' expectations--compared with GBP882 million in the first three months of 2010. The 83% state-owned bank took GBP1.95 billion in impairments, down 27% from GBP2.68 billion and including GBP1.29 billion from its Ireland loan books. RBS still hasn't said what it might have to pay over PPI.
HSBC, reported May 9: The bank's costs soared in the first quarter from a series of one-off charges that included a $440 million provision over mis-sold payment protection insurance. However, net profit rose 58% as it took hefty tax credits in its U.S. business. Analysts said they were disappointed with flat revenue and a miss on pretax profit figures, and that they would probably revise their full-year estimates downward.
HSBC's cost-income ratio, or expenses relative to income, hit 60.9%, well above its target of around 52%. New CEO Gulliver on Wednesday will outline the bank's priorities and potential step-back from some countries and businesses. Europe and North America are seen as the biggest candidates for restructuring.
-By Margot Patrick, Dow Jones Newswires; +44 (0)20 7842 9451; margot.patrick@dowjones.com
(END) Dow Jones Newswires
May 09, 2011 07:58 ET (11:58 GMT)

Chicoms unpegging of yuan should be good for hbc since HSBC holds many assets denominated in yuans. Thoughts?

Xe-Xe (Pronounced "sheh-sheh"; translated into English as Many Thanks, comrades and fellow workers.

Dubai news bad for this one....GL.

HSBC chairman says banks must promote ethics
HSBC chairman says banks must promote culture of ethics and integrity

On 6:04 am EDT, Wednesday October 7, 2009
Buzz up! 0 Print.LONDON (AP) -- The chairman of banking group HSBC says bankers owe the world an apology.

Stephen K. Green, speaking in an interview with BBC television broadcast Wednesday, said the world cannot do without banks, but that bankers need to learn the lessons of the financial crisis that has rocked the world's economy.

And the most important task for their directors, he said, is to promote a culture of ethics and integrity.

"I think the change in the public perception of the industry is entirely understandable. The banking industry has not covered itself in glory to say the least, and indeed the industry collectively owes the real world an apology for what has happened, and it also owes the real world a commitment to learn the lessons," he said.

Some of those lessons "are about governance and ethics and culture within the industry," said Green, who is also a Church of England priest.

"You can't do all this simply by setting rules and regulations, you have to expect the leadership in the industry to nurture a real culture of ethics and integrity and that's actually a continuing priority, perhaps the greatest priority of all as far as I am concerned for the boards of banks," he added.

In an earlier role as head of HSBC's investment banking and markets operations, Green canceled all bonuses in 2001 and 2002 during a stock market slump. A business which had not performed well for shareholders could not justify bonuses, he said at the time.

Some bankers and analysts left the company in protest, but Green was rewarded in 2003 with promotion to chief executive.

"You can't do without banks. You can't accept the proposition that all banks, that all banking is, as it were, kind of sinful or unattractive," said Green, who is now group chairman of HSBC Holdings PLC.

"No, you've got to find the way forwards. And indeed, the vast, vast majority of bankers want to be doing a professional job, want to be there with a sense of making a real commitment."

He added: "The tragedy is, it's a very small part of the industry that has produced all of the difficulties which has led to the breakdown of public trust."

HSBC Increases Samurai Bond Sale Twice in Four Days

By Yusuke Miyazawa

Sept. 15 (Bloomberg) -- HSBC Holdings Plc’s banking unit increased the amount of its first Samurai bond sale to 119.4 billion yen ($1.3 billion) today, after almost doubling its initial plan on Sept. 11.

HSBC Bank Plc plans to sell 89.8 billion yen in five-year, fixed-rate bonds, and 29.6 billion yen of similar maturity floating- rate notes, according to a filing with Japan’s finance ministry. The total amount of bonds on offer was increased by 2.4 billion yen.

The increase came four days after the London-based lender raised its sale to 117 billion yen from the original plan of 60 billion yen, following HSBC’s meetings with potential investors in Tokyo on Sept. 8 and 9.

HSBC plans to sell its Samurai bonds on Sept. 17, the filing said. Samurai bonds are yen-denominated bonds sold by foreign entities in Japan.

To contact the reporter on this story: Yusuke Miyazawa in Tokyo at ymiyazawa3@bloomberg.net

Last Updated: September 14, 2009 22:28 EDT

HSBC profits halve to $5bn

By Adam Jones

Published: August 3 2009 11:02 | Last updated: August 3 2009 11:02

HSBC announced a 51 per cent decline in interim profits on Monday but added that the financial sector might be over the worst of the credit crunch.

In the first six months of the year, the bank produced pre-tax profits of $5bn, less than half the $10.2bn it reported in the first half of 2008. Analysts polled by Reuters had been expecting $4.9bn on average.

HSBC ADR: 52 weeks range $22-88, Gave up us branches,, Wonder what is it doing in Asia?

Sources close to HSBC, Europe’s biggest bank, have refused to rule out tapping its investors for new capital, amid speculation that it is considering a $20bn (£14bn) rights issue. HSBC chief executive, Michael Geoghegan, is expected to meet with key institutional investors in the Square Mile this week to gauge support for any cash call ahead of the bank’s full year results next Monday, writes the Independent on Sunday.

HSBC faces new onslaught from activist investor James Doran in New York The Observer

Sunday 22 February 2009 Article history Eric Knight, the activist investor, will ramp up his campaign against HSBC with renewed calls for the troubled banking group to dump its struggling US loans business amid fears that write-downs for 2008 could balloon to $20bn or more.

Knight, who has campaigned for sweeping changes at HSBC since 2007, is planning a fresh campaign to coincide with the banking group's full-year earnings announcement, scheduled for next Monday. In the past, Knight has called for the removal of HSBC's executives and for it to close down Household, its struggling US home loans arm.

Knight, who owns a swathe of HSBC shares through his Monaco-based Knight Vinke Asset Management - which has close connections to the California Public Employees Retirement System (Calpers), the world's biggest pension fund - said: "There is a time to be quiet and a time to be active, and this is a time to be active."

It is understood that Knight wants HSBC to put Household into Chapter 11 bankruptcy protection, a move he believes will end the erosion of HSBC's capital position. "It is getting worse every quarter," he said.

Sources suggested that HSBC would be forced to write down the value of troubled assets by substantially more than the $20bn already predicted by analysts. "$25bn would not be a surprise to anyone," one source said.

Knight, who is travelling in China, is expected to complete his latest analysis of HSBC's performance by the end of this week. A spokesman for HSBC declined to comment about Knight's plans but indicated the bank had no plans to put Household into bankruptcy.

The bank is one of the few in the world not to have sought capital from investors or governments since the credit crunch began.

HSBC hits 10-year low as Asian markets join global banking rout




20th February 2009 11:15

Shares in Europe's biggest lender, HSBC, hit their lowest point in a decade in Hong Kong on Friday (February 20th) amid negative speculation about the bank's forthcoming earnings and capital reserves.

The tumble helped to pull the benchmark Hang Seng Index down by 2.5 per cent as worldwide financial stocks were hammered by continuing fears over liquidity and concerns over institutions' exposure to a potential collapse in eastern Europe's banking system.

HSBC dropped 2.3 per cent to HK$53.80 (£4.95) per share, the lowest price since October 1998.

"The current economic down cycle is far from over, so the market is still trying to find a bottom," said Peter Lai of DBS Vickers.

The Hang Seng Index closed 324.19 points down at 12,.699.17. Reuters said the market was down 6.3 per cent over the week.

In Tokyo, the Nikkei 225 dropped 1.9 per cent as fears over an eastern European banking recession sent shockwaves through financial stocks.

The country's biggest lender, Mitsubishi UFJ Financial Group, lost 2.3 per cent, while Mizuho Financial Group plunged 4.1 per cent.

The Nikkei closed at 7,416.38, down 4.7 per cent over the week. Japan's broad-based Topix Index also closed down, hitting its lowest point since 1984 at 739.53.