Hsbc news
Here are some recent news articles and updates about HSBC:
Recent News
- HSBC to cut 35,000 jobs globally: HSBC announced plans to cut 35,000 jobs globally as part of a major restructuring effort to reduce costs and improve efficiency. (Source: Reuters, March 2023)
- HSBC to pay $125 million to settle US sanctions violations: HSBC agreed to pay $125 million to settle allegations that it violated US sanctions by doing business with countries including Iran, Sudan, and Syria. (Source: Bloomberg, February 2023)
- HSBC to launch digital-only bank in the US: HSBC announced plans to launch a digital-only bank in the US, which will offer a range of financial services including checking and savings accounts, credit cards, and loans. (Source: The Financial Brand, January 2023)
- HSBC to sell its French retail banking business: HSBC agreed to sell its French retail banking business to Groupe BPCE, a French banking group, for €1.4 billion. (Source: The Financial Times, December 2022)
- HSBC to increase investment in Asia: HSBC announced plans to increase its investment in Asia, with a focus on China, India, and Southeast Asia. (Source: The Straits Times, November 2022)
Recent Financial Results
- HSBC reports 2022 profit of $8.8 billion: HSBC reported a profit of $8.8 billion for 2022, down 12% from the previous year due to higher costs and lower revenue. (Source: HSBC, February 2023)
- HSBC's Q4 2022 profit falls 21%: HSBC reported a profit of $2.1 billion for the fourth quarter of 2022, down 21% from the same period a year earlier. (Source: HSBC, January 2023)
Other News
- HSBC to launch sustainable finance initiative: HSBC announced plans to launch a sustainable finance initiative, which will focus on financing projects that support the transition to a low-carbon economy. (Source: The Financial Times, October 2022)
- HSBC to partner with fintech companies: HSBC announced plans to partner with fintech companies to develop new financial services and products. (Source: The Financial Brand, September 2022)