HSBC Holdings (HSBC) has signed an agreement to sell its private banking business in Germany to BNP Paribas (BNPQY) . The deal's financial terms, expected to close in the second half of 2025, have not been disclosed.The transaction, still subject to relevant regulatory approvals, is projected to result in a gain on sale for HSBC. As part of the agreement, the assets and customers of HSBC Germany’s private banking business, along with nearly 120 employees, will be transferred to BNPQY.For BNPQY, the deal ali ...

As HSBC Holdings plc (HSBC) seeks a larger share of the wealth management market in the U.K., the bank has gone on a hiring spree to recruit hundreds of bankers to serve the ultra-rich. The news was first reported by The Guardian.HSBC aims to strengthen the U.K. arm of its wealth and private banking operations by recruiting more relationship managers, who offer bespoke services and advice to rich clients in exchange for lucrative fees.According to a source familiar with the plan, while HSBC has headquarters ...

HSBC Holdings (HSBC) is considering a merger between its Commercial Banking and Global Banking and Markets divisions as part of its new CEO Georges Elhedery’s efforts to reduce costs and improve operational efficiency. This news was first reported by Bloomberg.By integrating these two major divisions, HSBC aims to streamline operations, eliminate redundant roles and create a more focused approach to serving clients of all sizes.HSBC’s Strategic Move to Reduce OverlapThe step would bring together HSBC’s Comm ...

Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations.The plan is part of new CEO Georges Elhedery’s effort to eliminate overlapping roles across the company and reduce expenses, Bloomberg reported Monday (Sept. 9), citing unnamed sources.The merger could marry HSBC’s global banking and markets business, creating a combined division with a 90,000-person workforce that would be the bank’s largest driver of revenue at $40 billion a year, according to the report ...

Yellow cute robot stands on heap US banknote background. Pla2na/iStock via Getty Images If you're looking for yield, deep value stocks are among those you should be looking at. Such stocks often have very high yields, and as a class have a slightly higher than average yield. The Roundhill Deep Value ETF (DEEP) has a 1.62% 30-day SEC yield, which is slightly higher than that of the S&P 500. It's not an enormous yield in itself; however, the deep value basket it tracks does contain some high yield names. In t ...

HSBC Holdings plc’s (HSBC) incoming chief executive officer (CEO), Georges Elhedery, is considering a significant organizational transformation intended to streamline the company’s operations, according to a Bloomberg report. After taking over as the new CEO on Sept. 2, Elhedery will mull plans that could include cutting layers of middle management and reducing the number of country heads across HSBC’s global footprint.These anticipated job cuts align with HSBC’s ongoing focus on improving efficiency and co ...

Goldman Sachs (GS) and HSBC Holdings plc (HSBC) , along with the other two companies, have settled a long-standing class action lawsuit, putting an end to claims of market manipulation in the platinum and palladium markets that have persisted for over a decade.The other defendants in the lawsuit are German industrial company BASF (BASFY) and London-based ICBC Standard Bank. GS, HSBC, BASFY and ICBC Standard Bank have agreed to pay $20 million to settle the long-standing platinum price-fixing antitrust lawsu ...

文章核心观点 - 汇丰银行正在考虑出售其在南非的业务,这是其战略转向亚洲市场的一部分[1][2][3] - 汇丰银行一直专注于为大型企业和机构客户提供服务,而非零售银行业务[3] - 此举与汇丰银行全球范围内精简业务、集中资源于亚洲的战略相一致[4][5][8] - 汇丰银行正在出售其在美国、加拿大、法国、新西兰、希腊和俄罗斯的零售业务,并正在重组其在德国的业务[5][6] - 汇丰银行希望通过此次出售获得的收益用于在东南亚和中国的业务拓展[8] - 这一决定是为了适应不断变化的全球金融格局,提高股东回报和长期增长[9][10] 行业分析 - 汇丰银行的股价表现低于同行业[10][11] - 随着利率下降,汇丰银行正专注于削减成本和在更有价值机会的市场重新定位[9] - 汇丰银行的战略转向亚洲市场与其他银行如花旗集团类似,都是为了专注于高增长地区[4][8] 公司分析 - 汇丰银行在1995年进入南非市场,主要从事商业银行、全球银行和全球市场业务[2] - 汇丰银行此次出售南非业务标志着其几乎完全退出撒哈拉以南非洲地区[3] - 汇丰银行还出售了其在毛里求斯的零售和商业银行业务[3] - 汇丰银行正在重组其在德国的业务,包括出售基金管理和托管业务[6] - 汇丰银行在2024年6月收购了花旗集团在中国的零售财富管理业务[8]

BERK OZDEMIR Investment Thesis HSBC Holdings plc (NYSE:HSBC) is one of the largest investments in our portfolio. It has also been with us for nearly ten years. In our previous article in March this year, we looked past Q1 results and continued our line of buy stances for this large financial institution. This was based on the anticipation that HSBC should be able to grow EPS and the dividend per share from improvements in productivity and successful execution of business, especially in wealth and corpor ...

HSBC Holdings (HSBC) reported a second-quarter 2024 pre-tax profit of $8.9 billion, up 1.5% from the prior-year quarter. The reported quarter included a loss related to the recycling of reserves following the completion of the sale of the business in Russia. This was partly offset by growth in Securities Financing and Equities in Global Banking and Markets, and from Wealth in Wealth and Personal Banking.Results were aided by a decline in expected credit losses and other credit impairment charges (ECL). Howe ...