HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up.

Key Background. First Citizens purchased $72 billion worth of assets from SVB at a discounted price of $16.5 billion after the bank’s collapse in March.

Silicon Valley Bank’s British subsidiary will be acquired by the banking giant HSBC, the Bank of England announced on Monday as it emphasized the stability of the nation’s banking system.

First Citizens BancShares Inc , which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank's employees in ...

London-listed HSBC—a huge funder of international trade—raised its expected credit losses to $900 million, up about $200 million from a year ago. ... The bank is one of the largest in Europe.

HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates worldwide helped it more than double its income ...

HSBC is weighing combining its commercial and investment bank divisions as part of new Chief Executive Officer Georges Elhedery’s push to eliminate overlapping roles across the company and shed ...

HONG KONG (Reuters) -HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the ...

HSBC Holdings Plc’s Swiss private bank failed to carry out adequate checks on ‘high-risk’ accounts owned by politically-exposed persons designed to prevent money laundering, Switzerland’s ...

NEW YORK (Reuters) -HSBC Holdings plc's U.S. unit has hired dozens of Silicon Valley Bank bankers led by David Sabow, who most recently led the technology and healthcare banking segment for the ...

HSBC is the only note-issuing bank in the city which has not applied for a virtual bank licence. The other two – Standard Chartered Bank and Bank of China (Hong Kong) – have both set up joint ...

HSBC hasn’t seen any signs of financial stress among customers, she said. Similarly, Deutsche Bank took a provision of about $148.5 million, citing an uncertain "geopolitical and macro-economic ...