Hsbc Bank

Sensex to hit 94,000 by 2026-end on earnings, cooling valuations: HSBC

Foreign portfolio investors have sold $16.8 billion worth of Indian equities in 2025 so far, putting the market on track for a record year of outflows

HSBC India's profit before tax increases 16.7% in first half of 2025

In Asia, HSBC India's PBT is the second highest after Hong Kong. In the half year ended June 30, 2024 (H1CY24), the India arm of the UK-headquartered bank had reported a PBT of $798 million

No more point waste: HSBC's new rewards platform lets you redeem Instantly

There are no caps on redemptions, making it one of the most flexible programmes in the industry.

HSBC launches travel rewards: Transfer points to 15 airlines, 5 hotels

HSBC India's new travel rewards programme lets cardholders transfer points to 20 airline and hotel partners at 1:1 ratio. It is available from April 1, 2025, via the HSBC India Mobile App.

London's Canary Wharf office vacancies hit record high amid tenant exodus

London's Canary Wharf struggles to recover from pandemic-era demand slump, even as central city areas and global hubs like New York and Paris show signs of commercial property rebound

HSBC lays off 40 dealmakers in Hong Kong as part of revamp to cut costs

The job cuts in HSBC's regional hub Hong Kong started on Monday, where at least four managing directors were let go, with three of them based in Hong Kong and one in Singapore

HSBC plans to unveil $1.5 billion of annual cost savings on February 19

HSBC said that it plans to wind down its M&A and some equities businesses in Europe and the Americas, accelerating a shift towards Asia in its biggest retrenchment from investment banking

Business activity between India, UK flourishes in 2024, shows HSBC data

Business activity between the UK and India has flourished in 2024 as the value of payments received by clients in Britain from India rose by 121 per cent, according to the latest data released by HSBC UK. The multinational bank, which highlighted the figures based on its two-way support for businesses within the India-UK corridor this week, said its data on payments and client referrals showed year-on-year growth. In the nine months to October 2024, the value of payments made by HSBC UK business clients to India reportedly rose by 32 per cent and the bank received 36 per cent more new business client referrals from HSBC India year-on-year. Our data shows that business between the UK and India is not only strong, it's getting even stronger, and the opportunities for expanding businesses in India are huge, said Cora McLaren, Head of International Subsidiary Banking at HSBC UK. India's population is not only a vast number of potential customers, within it there is a growing middle cla

HSBC, IFC launch $1 bn trade finance programme for emerging markets

Demand for trade finance far outpaces supply, especially in emerging markets, with the global trade finance gap last estimated at $2.5 trillion, according to a report from the Asian Development Bank

HSBC appoints Lisa McGeough to lead US biz as CEO Elhedery shuffles leaders

The appointment comes as part of a sweeping overhaul by new CEO Georges Elhedery, who has made a raft of leadership changes and split the lender's geographic footprint into East and West

HSBC pulling back from China credit card biz after struggling to expand

HSBC has stopped issuing new cards and is working towards winding down the service offered to a large part of China onshore customers

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy customers

HSBC aims to double assets under management in its British wealth business to 100 billion pounds

HSBC's third-quarter profit tops estimate, launches $3 bn buyback

HSBC's revenue grew 5 per cent in the quarter ended September to $17 billion from a year earlier, with volatile market conditions supporting higher customer activity in wealth products

HSBC weighs cost-cutting plan of up to $300 million, targeting top ranks

Reported $300 million in savings would be a fraction of group costs that reached $16.3 billion in the first six months this year, 5 per cent higher than in the same period a year ago

HSBC appoints Georges Elhedery as group chief executive, replaces Quinn

Since 2020, Elhedery had been the co-head of the Global Banking and Markets business

Five biggest challenges Quinn leaves for HSBC's new CEO Georges Elhedery

HSBC's net interest income, which accounts for half its revenues, rose $5.4 billion in 2023 to nearly $36 billion. But it is expected to fall back to $33 billion this year

Rupee rises 1 paisa to 83.43 against US dollar in early trade

The rupee inched up 1 paisa to 83.43 against the US dollar in early trade on Thursday on the back of a weak American currency and positive domestic equity markets. Forex traders said an upward movement in the crude oil prices resisted a sharp rise in the Indian currency even as investors moved cautiously ahead of the RBI's monetary policy decision to be announced on Friday. At the interbank foreign exchange market, the local unit opened at 83.40 and slipped to 83.43 against the greenback, trading 1 paisa higher from its previous close. On Wednesday, the domestic currency settled 7 paise higher at 83.44 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15 per cent lower at 104.06. Analysts attributed the weakness in the dollar index to a sharp fall in US Treasury yields after the latest data showed private sector job growth in May was slower than estimated, raising expectations of an interest rat

May services growth cools to five-month low of 60.2 from April's 60.8: PMI

The final HSBC India Services purchasing managers' index, compiled by S&P Global, fell to 60.2 last month from April's 60.8, confounding a preliminary reading for a rise to 61.4

HSBC CEO Quinn announces surprise retirement, banks looks for successor

One of the main tasks for Quinn after he took over was to improve returns for shareholders, and he sought to do that by shrinking the bank's footprint in non-profitable markets

Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO

Tarun Mehta and Swapnil Jain founded Ather in 2013 after graduating from the Indian Institute of Technology Madras