[LONDON] HSBC Holdings is restructuring its trading division as part of chief executive officer Georges Elhedery’s push to make the lender a powerhouse in the debt financing business. The firm’s Group ...

HSBC HSBA0.49%increase; green up pointing triangle reported lower quarterly net profit despite improvements in its wealth and Hong Kong businesses, weighed by a $1.1 billion provision for a lawsuit ...

HSBC on Thursday announced it has successfully used quantum computing in a trial to optimize bond trading, making it the first in the world to prove the value of the powerful emerging technology in ...

HSBC Holdings Plc said it’s achieved a world-first breakthrough in deploying quantum computing in financial markets, as a race intensifies among some of Wall Street’s biggest firms to embed the ...

HSBC and ICBC reportedly plan to apply for Hong Kong stablecoin licenses, with ICBC and Standard Chartered expected to secure first-round approvals. HSBC and the world’s largest bank by total assets, ...

HSBC Holdings Plc is asking all managing directors to work in the office for at least four days a week starting in October, as the UK bank joins other financial firms pushing more staff back to the ...

Updates at 12:16 PM ET with HSBC confirming withdrawal and comment and at 10:50 AM ET with NBZA comment in fifth paragraph. HSBC (NYSE:HSBC) withdrew from the Net-Zero Banking Alliance, the latest in ...

HSBC, the largest bank in Hong Kong, has successfully completed a series of blockchain experiments under the Hong Kong Monetary Authority's (HKMA) Project e-HKD+. These tests were designed to explore ...

Kate Subak has been appointed chief executive of HSBC Insurance (Bermuda) and HSBC Life (Bermuda). She will manage the operations of all HSBC’s insurance entities in Bermuda, spearhead the execution ...

After shutting its retail banking business in the United States in 2021, HSBC Holdings PLC HSBC is now set to close its business banking division in the country. This announcement comes amid the ...

HSBC Holdings plc (NYSE:HSBC) is closing its business banking unit in the United States to simplify its operations and shift its focus to the Asia and Middle East markets, according to a report by The ...

Earlier in the week, HSBC laid off 40 employees in the division, which is known as business banking. HSBC also announced the decision to the business bank’s roughly 4,400 clients, firms that have up ...