HSBC Holdings (HSBC) Company Overview

Svenska Handelsbanken AB has issued a Pre Stabilisation Notice on February 6, 2025, with HSBC acting as the Stabilisation Coordinator. The securities include fixed-rate bonds maturing in 2028 and 2032, with the stabilisation period expected to run from February 6 to March 19, 2025. The Stabilisation Managers may engage in activities to support the market price of these securities, but there is no guarantee that such actions will occur or continue.

Selene Chong, the deputy global head of equities at HSBC, is stepping away from her position, according to two sources familiar with the situation, as reported by Reuters. This is part of a series of recent changes in senior leadership at the bank, which focuses on Asia.

HSBC plans to reduce certain areas of its investment banking operations outside of Asia to concentrate more on Asian markets and improve its profits.

HSBC Chairman Mark Tucker spoke into the microphone at a large conference table in Beijing, expressing the desire for stronger economic connections on behalf of all UK businesses present to British business leaders and senior Chinese officials.

In October, the bank announced its plans for a new geographic structure and aimed to combine its operations into four business units.

James Steel, the chief precious metals analyst at HSBC, states that the opposite connection between the two consistently reappears. He explains that a weak dollar serves as a "true stabilizing force" for the gold market.

HSBC is getting ready to close its mergers and acquisitions and equity capital markets divisions in Europe, the UK, and the Americas, according to a memo released on Tuesday. This move is part of a significant restructuring of its investment banking activities.

HSBC Holdings PLC is reportedly planning to shut down a highly anticipated app just a year after its launch. Financial News has reported that the bank is expected to notify its employees soon, following difficulties with compliance issues.

HSBC has chosen to close its international payments app called Zing, which could lead to about 400 job losses, according to a source. This move comes as CEO Georges Elhedery intensifies cost-cutting measures at the largest bank in Europe.