HSBC Holdings (HSBC) Stock

Lower interest rates and efforts to restructure businesses are expected to help stocks in the Zacks Foreign Banks Industry, such as HSBC Holdings and UBS Group, as the global economy experiences uneven growth.

Jose Rasco, the chief investment strategist at HSBC Private Bank Americas, and Steve Sosnick, the chief strategist at Interactive Brokers, appear on 'Closing Bell Overtime' to discuss the market activities of the day.

HSBC has decided to sell its life insurance business in France as part of its plan to concentrate on profitable operations. This move is part of the bank's overall strategy.

Lower interest rates and efforts to restructure businesses are expected to help stocks in the Zacks Foreign Banks Industry, such as HSBC Holdings and UBS Group, as the global economy experiences uneven growth.

PARIS--(BUSINESS WIRE)--Regulatory News: HSBC Continental Europe has agreed to a Memorandum of Understanding ('MOU') for the possible sale of its French life insurance division, HSBC Assurances Vie (France), to Matmut Société d'Assurance Mutuelle ('Matmut') (the “Potential Transaction”). HSBC Assurances Vie (France) offers various life insurance products and services, managing over 20 billion euros in assets, with a net income of 77 million euros and a Solvency II ratio of 287%.

HSBC Chairman Mark Tucker is set to head the UK's most significant business delegation to China since 2018 next month, according to sources who spoke to Reuters. This visit comes as Chancellor Rachel Reeves aims to encourage more Chinese investment in Britain.

NEW YORK--(BUSINESS WIRE)--HSBC Bank USA, N.A. and its affiliates have announced a decrease in their prime and reference rate from 7.75% to 7.50%, starting tomorrow, December 19, 2024. HSBC USA Inc. ("HUSI") is based in Maryland and primarily serves as a holding company for its subsidiaries, including HSBC Bank USA, N.A. Through these subsidiaries, HUSI provides a wide variety of traditional banking products and services to customers.

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HSBC has introduced a new program called HSBC CommunityWorks Opening Doors, which will provide home loan grants to buyers in underserved areas of California, Florida, New York, New Jersey, Virginia, Washington, and Washington D.C. Starting January 1, 2025, this program will offer up to $25,000 in down payment help for those using an HSBC CommunityWorks mortgage, which already includes $5,000 for closing costs.