HSBC is set to shut down its U.S. business banking portfolio as it refocuses on operations in Asia and the Middle East.

HSBC HSBA 1.01% is disbanding a division that serves small and medium-size companies in the U.S., a spokeswoman said, part of a broader drive to focus on markets where it has an edge. The details ...

(Reuters) -HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle East markets. "Following a strategic ...

George Charalambous, head of digital at HSBC UK said: "Customers have logged onto our mobile banking app almost 1.7billion times in the last year and it is an integral way our customers bank with us.

For the HSBC Premier checking account, you need to have at least $100,000 in total deposits and/or investments with the bank, at least $5,000 in total direct deposits per month or a HSBC U.S ...

We believe that HSBC does not enjoy an economic moat overall. The group's business in Hong Kong is moaty, in our view, with a return on risk-weighted assets of more than 5% significantly exceeding ...

HSBC stock hit a 20-year high in London on Tuesday, up 40% over the past 12 months and 14% this year. Shares dipped 0.8% to £8.91 on Wednesday, valuing the bank at about £160 billion ($201 billion.) ...

HSBC is a name many are familiar with. For starters, the bank serves over 14 million customers in the UK, However, countless Brits are clueless about what the acronym stands for.

It serves more than 14 million customers in the UK - but many have no idea what HSBC actually stands for. The bank, incorporated in 1865, has branches and subsidiaries in 62 countries across the ...

HSBC shares were little changed after the news, down 0.2% to 822 pence at 1146 GMT, valuing the bank at about 147 billion pounds ($183 billion).