HSBC

The segment "The Pulse With Francine Lacqua" discusses global business, economics, finance, and politics. Guests featured include Iain Stealey of JPMorgan Asset Management Fixed Income International CIO, Liz Martins of HSBC Senior UK Economist, and Helena Hahn of European Policy Centre Policy Analyst.

HSBC resumed share buybacks following a first-half pretax profit of $19.5 billion, which exceeded expectations. The bank also raised its full-year net interest income guidance.

Campaigners are urging the UK government to implement a windfall tax on banks, which could generate £19bn to support cost-of-living measures. HSBC reported a 60% year-on-year profit increase in Q2, earning £7.5bn, driven by wealth management fees and higher interest rates.

HSBC CEO Georges Elhedery discussed the bank's new stock buyback announcement and second-quarter earnings that exceeded estimates, despite challenges from China's restrictions on cross-border wealth flows. The comments were made during an interview with Bloomberg's Francine Lacqua.

HSBC has resumed share buybacks following a surge in quarterly profit to $10.1 billion, driven by growth in its wealth management and insurance businesses in Hong Kong.

HSBC's pretax profit exceeded market estimates. The increase was primarily driven by higher net interest income and fees.

HSBC, the top lender in Hong Kong, has resumed its share repurchase programme with a US$1 billion allocation over the next three months, its first since October. The bank paused buy-backs in October to conserve capital for its US$14 billion acquisition of Hang Seng Bank.

HSBC Holdings agreed to sell its US$25 billion Australian home loan portfolio to a Blackstone unit, resulting in an immaterial pre-tax loss of less than US$100 million by 2027. The sale price includes a premium based on interest rate changes, collections, and costs.

HSBC Holdings agreed to sell its US$25 billion Australian home loan portfolio to Blackstone, resulting in an immaterial pre-tax loss of less than US$100 million by the first half of 2027. The sale price includes a premium based on interest rate changes, collections, and costs.

HSBC is closing all Australian branches over 18 months after selling its local mortgage and personal loan portfolio to Blackstone. The move ends HSBC’s retail banking presence in Australia, though it will retain private and institutional banking services.

HSBC has sold a $25 billion Australia loan book to Blackstone. This mortgage transfer is part of the bank's global overhaul.

Hong Kong’s corruption watchdog has charged three former HSBC relationship managers with allegedly accepting bribes to help customers jump the queue when opening bank accounts. The accused worked at the Causeway Bay branch and face six bribery charges.

HSBC Holdings will relocate its group chief people and governance officer, Aileen Taylor, from London to Hong Kong as part of efforts to expand its Hong Kong and Asia operations. The move aims to strengthen the presence of senior executives in Hong Kong, HSBC’s biggest market.

HSBC Holdings will relocate its group chief people and governance officer, Aileen Taylor, from London to Hong Kong later this year as part of a strategy to expand its Hong Kong and Asia operations. The move aims to strengthen senior executive presence in Hong Kong, described as HSBC’s biggest market.

Bruce Van Saun transformed Citizens Financial Group from a struggling bank into a high-performing institution, increasing return on equity from 5% to 14% and outperforming regional peers. The bank achieved this through strategic acquisitions, operational efficiencies, and a focus on competing with major banks like JPMorgan Chase and Wells Fargo.

US global asset managers, including BlackRock, have increased investments in WuXi AppTec, a Chinese pharmaceutical contractor, anticipating higher earnings from a surge in weight-loss drug manufacturing orders. HSBC's Linda Shu noted growing investor interest in China's contract development and manufacturing organisation and biotechnology sectors.

US global asset managers, including BlackRock, have increased stakes in China's WuXi AppTec, anticipating higher earnings from a surge in weight-loss drug manufacturing orders. Investors show growing interest in China’s contract development and manufacturing organizations and biotechnology sectors, as noted by HSBC's Linda Shu.

HSBC has agreed to sell its Singapore life and health insurance business to Allianz for S$2.7 billion (US$2.08 billion), with the deal expected to complete in the first half of 2027. The transaction is projected to generate a pre-tax gain of US$1.8 billion for HSBC and increase its common equity tier 1 ratio by up to 15 basis points.

HSBC agreed to sell its Singapore life and health insurance business to Allianz for S$2.7 billion (US$2.08 billion), with the deal expected to complete in the first half of 2027. The transaction is projected to generate a US$1.8 billion pre-tax gain for HSBC and increase its common equity tier 1 ratio by up to 15 basis points.

Allianz is acquiring HSBC's Singapore insurance unit for $2.09 billion. This transaction involves the insurance business in Singapore.

China's trade surpluses have not prevented capital flight, with up to $1 trillion leaving last year. Authorities are tightening controls on financial outflows through Hong Kong brokerages and vetting mainland Chinese customers, driven by internal economic weaknesses like low investment, weak consumption, and historical fears of expropriation.

HSBC is offering Indian diaspora members 19x leverage on FCNR(B) deposits. The article mentions Moumita Shome receiving calls from bankers after arriving in Dubai from Australia.

A UK user fell victim to a scam on Vinted's website, which triggered a Google Pay transaction for 0.01 pence. The user canceled the transaction but is concerned about potential card detail compromise, though no deductions were confirmed in their HSBC account. They froze their card and are considering replacing it.

HSBC Orion has received approval from the Bank of England to participate in the Digital Securities Sandbox. The first Digital Gilt Instrument transaction is anticipated in the first quarter of 2027.

BTG Pactual began operating in Uruguay after acquiring HSBC's local bank for approximately $211 million. The acquisition received final regulatory approval from Uruguay’s central bank.

Hong Kong banks are increasing mortgage cash rebates to their highest levels in over two years to attract homebuyers amid a property market rebound. Major lenders like Bank of China (Hong Kong), Hang Seng Bank, and HSBC have raised rebates to 1.4%, with some smaller banks offering up to 1.5%.

Saudi tech firm NourNet is reportedly selecting Goldman Sachs and HSBC to underwrite its initial public offering. The firm will list on the Saudi Exchange in Riyadh.

HSBC Holdings may see increased interest from investors due to Hong Kong’s board-lot reform, which will change the stock’s minimum trading unit. The current 400-share lot has been a barrier for retail investors, but the reform is expected to make the stock more accessible.

Brokers anticipate increased interest in HSBC Holdings due to Hong Kong's board-lot reform, which will change the stock's minimum trading unit. The reform addresses the previous 400-share lot, which was too costly for many retail investors.

Expectations for S&P 500 companies' earnings reports next week are high, but HSBC notes this optimism is limited to a select few. The article highlights that certain as-yet-unrewarded sectors may hold unexpected results.

The article discusses how Europe would handle defense without American support, covers HSBC's private credit exposure, and mentions Burnham's opposition to splitting the Treasury.

The Global Finals of the HSBC/HKU Business Case Challenge, organized by HSBC and The Hongkong Bank Foundation, featured 24 four-member university undergraduate teams from 20 countries across Asia-Pacific, Europe, and the Middle East tackling real-time business problems. In its 19th year, the competition tests students' financial literacy and teamwork in a simulated executive environment.

Citi is set to become a clearing bank in the London gold market, joining JPMorgan, UBS, ICBC, and HSBC. This marks the first new clearing member for the world's largest physical gold market in a decade.

Global institutional investors are scaling up their yuan operations, with Hong Kong serving as a key offshore hub, according to an HSBC survey. The survey of over 120 investors managing $32 trillion shows 63% prefer offshore yuan markets for transactions.

Global institutional investors are scaling up yuan operations, shifting from market entry to growth with Hong Kong as a key hub. A HSBC survey of 120+ investors managing $32 trillion shows 63% prefer offshore yuan markets for transactions.

HSBC and Standard Chartered are evaluating SRTs as activity in Asia-linked deals increases. HSBC is set to release earnings results on July 30, 2025.

Adobe’s stock is rising following a contrarian upgrade from HSBC. An Adobe analyst advised investors to buy the stock despite the upgrade being against prevailing trends.

China's AI-driven drug-design firms are expanding globally through cross-border dealmaking, with out-licensing deals to major pharmaceutical companies reaching $75 billion in the first five months of 2026, up from zero before 2020. This growth occurs despite increasing US scrutiny of Chinese biotech firms.

Chinese AI-driven drug-design firms are securing global deals despite US scrutiny, with out-licensing deals reaching $75 billion in the first five months of 2026, up from zero before 2020.

HSBC plans to establish an integrated campus in Bengaluru. India is recognized as a key talent center and market for HSBC, as stated by Georges Elhedery, the group CEO of HSBC.