HSBC Profit Sinks 80% on $3 Billion Charge: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
bloomberg.com/news/newsletters/2024-02-21/hsbc-profit-sinks-80-on-3-billion-charge
Quick Glance: HSBC Increases CEO's Pay Despite Profit Fall
- HSBC has nearly doubled its Chief Executive Noel Quinn's pay despite a drop in fourth-quarter profits.
- The London-based bank revealed that Quinn will receive a package of £10.6 million.
- The bank's board also raised the bonus pool for staff by 12% to $3.8 million.
- The fourth-quarter profits fell unexpectedly due to a $3 billion charge related to the bank's stake in the Bank of Communications in China.
HSBC CEO Pay Almost Doubles as Bonus Pool Hits Decade High: HSBC Holdings Plc’s Chief Executive Officer Noel Quinn’s total pay nearly doubled to £10 ...
bloomberg.com/news/articles/2024-02-21/hsbc-ceo-quinn-s-pay-almost-doubles-as-bonus-pool-gains-12
HSBC CEO Noel Quinn Braces for Tough Times After Strong 2023: At a recent retreat in southeast England for his top executives, HSBC Holdings Plc boss Noel Quinn ...
bloomberg.com/news/articles/2024-02-19/hsbc-ceo-noel-quinn-braces-for-tough-times-after-a-strong-2023
Paid articlePaid
Banks: HSBC must pay dearly for its heavy dependence on China: The major British bank has to write off three billion dollars. Group CEO Noel Quinn nevertheless ...
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-hsbc-muss-ihre-starke-abhaengigkeit-von-china-teuer-bezahlen/100016231.html
Late Bounce: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-01-24/late-bounce-the-bloomberg-close-asia-edition
HSBC cost conundrum intensifies investor bank scrutiny: Climbing costs at HSBC have added to growing investor concerns about how big banks manage their expenses ...
reuters.com/business/finance/hsbc-cost-conundrum-intensifies-investor-bank-scrutiny-2024-02-22/
StanChart CEO’s Pay Soars to $10 Million, Highest Since 2015: Standard Chartered Plc Chief Executive Officer Bill Winters saw his total pay package rise 22% in ...
bloomberg.com/news/articles/2024-02-23/stanchart-ceo-bill-winters-s-pay-increases-to-10-million
HSBC Slashes Exposure to Commercial Property in US, UK to Limit Losses: HSBC Holding Plc slashed its exposure to commercial real estate in both the US and UK ...
bloomberg.com/news/articles/2024-02-21/hsbc-takes-axe-to-global-property-exposure-as-market-cracks
Paid articlePaid
Red Envelope Guide: How Much Should You Give Your Assistant? What Bankers Say: Welcome to Hong Kong Edition, your guide to the people and money shaking up the ...
bloomberg.com/news/newsletters/2024-02-22/red-envelope-guide-how-much-should-you-give-your-assistant-what-bankers-say
HSBC Introduces New Bonus System for Most Junior Employees: HSBC Holdings Plc is introducing a new bonus plan for most junior employees in support roles as it ...
bloomberg.com/news/articles/2024-02-19/hsbc-introduces-new-bonus-system-for-most-junior-employees
HSBC Unveils Its First Transition Plan Amid Push to Decarbonize: HSBC Holdings Plc has released its first ever so-called transition plan, laying out a path to ...
bloomberg.com/news/articles/2024-01-25/hsbc-unveils-its-first-transition-plan-amid-push-to-decarbonize
Paid articlePaid
UK Banker Bonuses Should Remain ‘Sensible’ Even Without Cap: HSBC CEO: HSBC Holdings Plc Chief Executive Officer Noel Quinn said the UK’s move to scrap the cap ...
bloomberg.com/news/articles/2023-11-29/hsbc-ceo-says-bonuses-should-remain-sensible-even-without-cap
Deutsche Bank chief says EU should consider scrapping bonus cap: But HSBC boss Noel Quinn warns against ‘unleashing inappropriate amounts of risk-taking’
ft.com/content/4f5eb7fc-fd51-45c2-ac23-2c08ae0170f3
Paid articlePaid
HSBC CEO says bank 'well provisioned' for any further China real estate losses: HSBC (HSBA.L) is well provisioned against further China real estate losses ...
reuters.com/markets/asia/hsbc-ceo-says-bank-well-provisioned-any-further-china-real-estate-losses-2023-11-29/
HSBC Plans $3 Billion Buyback, CEO Touts Capital Strength: HSBC Holdings Plc announced a fresh buyback program and hinted at the potential for further returns to ...
bloomberg.com/news/articles/2023-10-30/hsbc-announces-3-billion-share-buyback-after-missing-estimates
HSBC CEO Quinn says Chinese businesses stepping up offshore diversification: HSBC Group (HSBA.L) Chief Executive Noel Quinn said on Wednesday the bank had seen a ...
reuters.com/markets/asia/hsbc-ceo-quinn-says-chinese-businesses-stepping-up-offshore-diversification-2023-11-08/
HSBC Says China Property (Real Estate) Sector May Worsen, Sets Aside Funds: HSBC Holdings Plc Chief Executive Officer Noel Quinn said China’s commercial property ...
bloomberg.com/news/articles/2023-10-30/hsbc-warns-china-property-sector-may-worsen-sets-aside-funds
UK’s biggest banks accused of ‘doing as little as they can get away with’ to reward savers
inews.co.uk/news/business/uk-biggest-banks-accused-doing-little-reward-savers-2722235
HSBC accused of 'making hay' out of high interest rates after profits boom
news.sky.com/story/hsbc-accused-of-making-hay-out-of-high-interest-rates-after-profits-boom-12931884
HSBC’s Win Against Ping An Over Asia Plans Came With Compromises: HSBC Holdings Plc has won its battle against Ping An Insurance Group Co. about a strategic ...
bloomberg.com/news/articles/2023-08-04/hsbc-s-win-against-ping-an-over-asia-plans-came-with-compromises
HSBC CEO Says Lender Has Moved On From Ping An Breakup Campaign: Three months on from winning a shareholder vote over a strategy shakeup pushed by its largest ...
bloomberg.com/news/articles/2023-08-01/hsbc-ceo-says-lender-has-moved-on-from-ping-an-breakup-campaign
HSBC invites shy investors to turnaround party: Noel Quinn is giving up his modesty. On Tuesday, on the back of estimate-beating earnings for the second quarter ...
reuters.com/breakingviews/hsbc-invites-shy-investors-turnaround-party-2023-08-01/
HSBC CEO on Farage-Coutts spat: 'We do not exit clients based on their lawful personal views'
cnbc.com/2023/08/02/hsbc-ceo-on-farage-row-we-do-not-exit-clients-based-on-their-lawful-personal-views.html
HSBC Announces Fresh Buyback as Higher Rates Propel Profits: HSBC Holdings Plc announced a new buyback program as rapid interest rate rises stoke the bank’s ...
bloomberg.com/news/articles/2023-08-01/hsbc-announces-fresh-buyback-as-higher-rates-propel-profits
HSBC’s New Technology Arm Primed for Expansion, CEO Quinn Says: HSBC Holdings Plc is considering further expansion at its new technology unit after buying the UK ...
bloomberg.com/news/articles/2023-06-12/hsbc-s-new-technology-arm-primed-for-expansion-ceo-quinn-says
Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds, HSBC Says: The backlash against investing strategies that factor in environmental, social and governance ...
bloomberg.com/news/articles/2023-07-10/hsbc-says-rising-anti-esg-sentiment-in-us-is-impacting-funds
HSBC Targets ‘Mid-Teens’ Asia Returns Amid Ping An Pressure: HSBC Holdings Plc said it’s targeting return on tangible equity for its Asia business that’s in the ...
bloomberg.com/news/articles/2023-05-15/hsbc-targets-asia-returns-in-mid-teens-amid-ping-an-pressure
HSBC Under Scrutiny Over Hong Kong Expats’ Retirement Funds: HSBC Holdings Plc Chief Executive Officer Noel Quinn is facing pressure from senior politicians on ...
bloomberg.com/news/articles/2023-06-30/hsbc-asked-by-lawmakers-to-explain-its-hong-kong-expat-position
HSBC Targets ‘Mid-Teens’ Asia Returns Amid Ping An Pressure: HSBC Holdings Plc said it’s targeting return on tangible equity for its Asia business that’s in the ...
bloomberg.com/news/articles/2023-05-15/hsbc-targets-asia-returns-in-mid-teens-amid-ping-an-pressure
It’s time HSBC’s top owner calms down or sells up: Ping An Insurance (601318.SS), (2318.HK) will soon be left with just two good options at HSBC (HSBA.L), (0005 ...
reuters.com/breakingviews/its-time-hsbcs-top-owner-calms-down-or-sells-up-2023-05-04/
HSBC rewards shareholders with buyback, dividend as profit triples: HSBC Holdings (HSBA.L) said on Tuesday its profit tripled in the first quarter ...
reuters.com/business/finance/hsbc-profit-more-than-triples-higher-rates-2023-05-02/
HSBC CEO Says SVB UK Will Form Core of New Global Tech Unit: HSBC Holdings Plc’s Chief Executive Officer Noel Quinn said the bank’s takeover of the British arm ...
bloomberg.com/news/articles/2023-05-02/hsbc-ceo-says-svb-uk-will-form-core-of-new-global-tech-unit
HSBC Executives Pledge Dividends at HK Shareholder Meeting: HSBC Holdings Plc’s senior executives faced off with its large Hong Kong investor base ...
bloomberg.com/news/articles/2023-04-03/hsbc-s-top-executives-face-hk-shareholders-amid-spinoff-pressure
HSBC: right idea, wrong time for an Asian divorce: Thirty years of being headquartered in London is proving to be very disorienting for HSBC Holdings Plc ...
asiatimes.com/2023/05/hsbc-right-idea-wrong-time-for-an-asian-divorce/
HSBC investors reject plan to split bank in meeting disrupted by climate protest: Majority of shareholders reject proposal to spin off Asian operations ...
theguardian.com/business/2023/may/05/hsbc-shareholder-meeting-disrupted-by-climate-crisis-protests
HSBC turns Silicon Valley Bank calamity into gold: A crisis can be an opportunity for the prepared. That’s what HSBC (HSBA.L) may find with its acquisition of ...
reuters.com/breakingviews/hsbc-turns-silicon-valley-bank-calamity-into-gold-2023-03-13/
HSBC Starts to Dig Into What It Bought From Silicon Valley Bank: When acquiring a bank over a weekend, certain details might slip. In the case of HSBC Holdings ...
bloomberg.com/news/articles/2023-03-14/hsbc-starts-to-dig-into-what-it-bought-from-silicon-valley-bank
HSBC cuts staff bonus pool by 4%, but lifts CEO Noel Quinn’s total pay: CEO Noel Quinn told reporters the board set his pay and that HSBC’s overall performance ...
theglobeandmail.com/business/international-business/article-hsbc-cuts-staff-bonus-pool-by-4-but-lifts-ceo-noel-quinns-total-pay/
HSBC cuts staff bonus pool, lifts CEO Quinn's total pay: HSBC cut its annual bonus pool by 4% to $3.4 billion in 2022, the bank said on Tuesday ...
reuters.com/markets/europe/hsbc-cuts-staff-bonus-pool-lifts-ceo-quinns-total-pay-2023-02-21/
HSBC Riles Hong Kong Bankers With Plan to End Private Offices: Senior investment bankers at HSBC Holdings Plc in Hong Kong could lose their private offices as ...
bloomberg.com/news/articles/2023-02-28/hsbc-riles-hong-kong-bankers-with-plan-to-end-private-offices
HSBC signals rate rise profit windfall has peaked even as payouts rise: HSBC (HSBA.L) dampened investors' expectations of a sustained income bonanza from rising ...
reuters.com/markets/europe/hsbc-q4-profit-soars-92-rising-interest-rates-boost-revenue-2023-02-21/
Major high street bank set to shut 100 branches across the UK: HSBC will shutter more than 100 sites across the UK this year.
birminghammail.co.uk/news/midlands-news/major-high-street-bank-set-26298895
HSBC Starts to Dig Into What It Bought From Silicon Valley Bank: When acquiring a bank over a weekend, certain details might slip. In the case of HSBC Holdings ...
bloomberg.com/news/articles/2023-03-14/hsbc-starts-to-dig-into-what-it-bought-from-silicon-valley-bank
HSBC Plans to Inject £2 Billion of Liquidity Into UK Unit of SVB: HSBC Holdings Plc, the new owner of Silicon Valley Bank’s UK unit, is planning to inject £2 ...
bloomberg.com/news/articles/2023-03-13/hsbc-plans-to-inject-2-billion-of-liquidity-into-uk-unit-of-svb
HSBC quarterly profits more than double after interest rate rises: Bank increases CEO’s bonus and plans bigger shareholder payout as it faces pressure from ...
theguardian.com/business/2023/feb/21/hsbc-quarterly-profits-interest-rate-rises-ceo-ping-an
UK Lawmakers Attack HSBC’s Treatment of Hong Kong Immigrants: A committee of UK lawmakers criticized HSBC Holdings Plc’s treatment of Hong Kong customers who ...
bloomberg.com/news/articles/2023-02-08/uk-lawmakers-attack-hsbc-s-treatment-of-hong-kong-immigrants
HSBC CEO ratchets ups cost-cutting target for next year: HSBC (HSBA.L) has identified $1.7 billion of extra costs that can be stripped out next year ...
reuters.com/business/finance/hsbc-ceo-ratchets-ups-cost-cutting-target-next-year-2022-12-01/
HSBC ditches its cost-cut tsar before job is done: HSBC (HSBA.L), (0005.HK) boss Noel Quinn is getting rid of a cost-cutting finance chief, Ewen Stevenson ...
reuters.com/breakingviews/hsbc-ditches-its-cost-cut-tsar-before-job-is-done-2022-10-25/
HSBC elevates Elhedery to CFO in surprise CEO-in-waiting move: HSBC (HSBA.L) named Georges Elhedery as its new chief financial officer on Tuesday in a surprise ...
reuters.com/business/finance/hsbc-q3-pretax-profit-falls-42-impairments-2022-10-25/
Sunak as prime minister must aim to keep UK globally competitive -HSBC CEO: Rishi Sunak becoming Britain's next prime minister will help stabilise markets after ...
reuters.com/world/uk/sunak-prime-minister-must-aim-keep-uk-globally-competitive-hsbc-ceo-2022-10-25/
Quick Glance: Rishi Sunak: Young, ultra-rich, and the UK's first black Prime Minister
- Sunak takes over for Truss, who announced her resignation four days ago but was defeated by him on Sept.
- He will also be the first person of color to become Prime Minister of the United Kingdom.
- "We need someone who can provide stability and proven economic competence in these challenging times, and Rishi Sunak is that person," said Grant Shapps, who was appointed Britain's interior minister after Truss fired his predecessor.
- Sunak moved quickly through the Conservative Party ranks, becoming one of the party's youngest finance ministers in 2020.
Rishi Sunak as PM must aim to keep UK globally competitive: HSBC CEO Quinn: Britain’s next prime minister will help stabilize markets after a period of turmoil ...
english.alarabiya.net/business/economy/2022/10/25/Rishi-Sunak-as-PM-must-aim-to-keep-UK-globally-competitive-HSBC-CEO-Quinn
Analysis: HSBC's direction in question after Elhedery's sprint to CEO contender: Georges Elhedery's appointment as HSBC's chief financial officer caps a journey ...
reuters.com/business/finance/hsbcs-direction-question-after-elhederys-sprint-ceo-contender-2022-10-25/
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics