HSBC

British multinational bank group

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HSBC Holdings plc, acronym from its founding member The Hongkong and Shanghai Banking Corporation, is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA).

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HSBC record annual profits dented by China woes Higher interest rates helped HSBC achieve record annual profits last year but the sum was dented by the economic slowdown in its biggest growth market. Sky News - Published on February 21, 2024
HSBC hit with £57m fine over deposit protection HSBC has been fined more than £57m for failing to protect consumer deposits. Sky News - Published on January 30, 2024
HSBC online and mobile banking services down on Black Friday HSBC customers have been left without online and mobile banking services on Black Friday. Sky News - Published on November 24, 2023

XR climate activists who smashed HSBC windows are found not guilty of criminal damage Nine climate activists have been cleared by a jury of causing £500,000 worth of criminal damage for shattering windows at HSBC bank's headquarters in London. Sky News - Published on November 17, 2023
HSBC sees 240% rise in profits Europe's biggest bank has credited rising interest rates for a 240% lift to its latest quarterly profits but expressed worries about the UK's economic outlook. Sky News - Published on October 30, 2023
ED showcauses Xiaomi, 3 banks for Fema violations Taking cognisance of the Enforcement Directorate’s investigation, the adjudicating authority for Fema has issued showcause notices to Xiaomi Technology India Pvt Ltd, its officials and three banks.. IndiaTimes - Published on June 9, 2023

HSBC to unveil shake-up of Silicon Valley Bank UK board HSBC is shaking up its new subsidiary, Silicon Valley Bank UK (SVBUK), by appointing a trio of senior figures as directors, two months after acquiring the US-owned lender in a £1 rescue deal. Sky News - Published on May 16, 2023
Higher interest rates help HSBC triple profits HSBC has reported a trebling of first quarter profits, aided by higher interest rates. Sky News - Published on May 2, 2023
'We're very excited': HSBC boss says decision to buy SVB UK took just five hours HSBC, Europe's largest lender and buyer of the collapsed UK arm of Silicon Valley Bank, has praised SVB UK and shed new light on how the emergency takeover came to be. Sky News - Published on March 16, 2023
HSBC buys Silicon Valley Bank UK HSBC has bought the embattled UK arm of Silicon Valley Bank (SVBUK), securing the deposits of more than 3,000 customers worth £7bn. Sky News - Published on March 13, 2023

HSBC emerges as last-ditch white knight for Silicon Valley Bank UK HSBC Holdings has emerged as a potential ‘white knight’ bidder for Silicon Valley Bank (SVB) UK as the government and regulators seek to avert the lender’s insolvency. Sky News - Published on March 12, 2023
HSBC to close dozens more bank branches HSBC has announced plans to shut a further 114 UK branches. Sky News - Published on November 30, 2022
HSBC customers unable to pay for meals and shopping during online banking outage Many HSBC customers found themselves unable to pay for meals and shopping on Friday night after online banking services went down. Sky News - Published on November 5, 2022	HSBC profits rise as interest rates increase British bank HSBC has recorded pre-tax profits of $6.5bn in the third quarter of this year amid hiked interest rates. Sky News - Published on October 25, 2022
HSBC pushes back against calls to spin-off its Asian business HSBC has pushed back against calls for a demerger or spin-off of its Asian business. Sky News - Published on August 1, 2022	HSBC to shut 69 branches as shift to online banking takes further toll HSBC is to close 69 branches across the UK, affecting around 400 staff, as customers shift to online and mobile banking. Sky News - Published on March 15, 2022
Ex-HSBC chief Flint leads race to run £22bn UK Infrastructure Bank John Flint, the former HSBC Holdings chief executive, is in talks with Whitehall officials about becoming the inaugural boss of the government's new £22bn UK Infrastructure Bank (UKIB). Sky News - Published on August 21, 2021