The transaction is anticipated to finalise in the latter half of 2026, subject to regulatory and antitrust approvals.

HSBC analysts found that the potential market for driverless taxis was "widely overestimated" and warned they could take ...

Britain's HSBC became the latest bank to leave the industry's climate coalition on Friday, following in the footsteps of ...

HSBC becomes first UK bank to leave Net-Zero Banking Alliance, signalling potential shift in financial sector's approach to ...

HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding ...

HSBC has resumed plans to cut 35,000 jobs and restructure its business, saying that the coronavirus pandemic has made the overhaul it announced earlier this year even more urgent.

HSBC posted a 65% drop in profits in its first half 2020 results Monday as the bank continues to be weighed down by the effects of the coronavirus crisis and falling interest rates around the world.

HSBC’s Strategic Business Overhaul Plan. In February 2025, HSBC announced a $1.5 billion cost-saving program from the organizational simplification efforts by 2026.

HONG KONG — Like Hong Kong, HSBC has long sat at the crossroads between East and West, a big global bank based in Britain that has reveled in and profited from its deep relationship with China.

HSBC Holdings PLC HSBC entered into a joint agreement with Grupo Financiero Galicia (“Galicia”) to sell its Argentina business. The transaction is valued at $550 million and aims to shift its ...

Settling charges it gave drug lords and terrorists access to the U.S. financial system, British banking giant HSBC agreed to pay a record $1.92 billion and accepted responsibility for inadequate ...

HSBC is under pressure from its biggest shareholder to spin off its Asia business. Asia accounts for 65% of the group’s reported profit before tax, but less than half of its risk-weighted assets.