{
}
HSBC is considering outsourcing parts of its trading operations to improve returns and reduce technology costs, potentially partnering with firms like Citadel Securities and Jane Street. This move reflects the challenges faced by major banks in competing with non-bank liquidity providers, which have significantly increased their market share. Under new CEO Georges Elhedery, HSBC is restructuring to focus on profitable areas, having already cut back on subscale operations in mergers and acquisitions.
JPMorgan has upgraded its outlook for HSBC Holdings, predicting it will outperform Standard Chartered and other Hong Kong banks, while likely underperforming Chinese state-owned banks. The firm raised its forecasts for fee income and net profit for 2025-2027 by 2-4% and increased the target price from $108 to $115, maintaining an Overweight rating.
PING AN Co-CEO Michael Guo expressed enthusiasm for HSBC HOLDINGS' stock price rebound and the strategic direction under CEO Georges Elhedery. He supports Elhedery's overhaul plan, emphasizing that any reforms should enhance shareholder value, and noted the recent stock performance as healthy.
HSBC Holdings plans to issue SGD800 million in perpetual subordinated contingent convertible securities. The offering aims to enhance the bank's capital position, although potential investors are advised to consult professional financial advice due to inherent investment risks.
HSBC Holdings plans to issue SGD800 million in 5% Resettable Perpetual Subordinated Contingent Convertible Securities on March 24. The initial conversion price is set at SGD4.6675 per share, allowing conversion into approximately 171 million ordinary shares, which will represent about 0.96% of the enlarged issued share capital. The net proceeds from this issuance are expected to be SGD792 million.
HSBC Holdings is in advanced talks to sell its German fund administration business, Inka, to BlackFin Capital Partners. The division manages around 400 billion euros in assets and the deal is expected to be finalized in the coming weeks, according to sources.
HSBC Holdings is in advanced negotiations to sell its German fund administration unit, Inka, to private-equity firm BlackFin Capital Partners. The unit manages approximately 400 billion euros ($435.16 billion) in assets, with a deal potentially finalized in the coming weeks.
HSBC Holdings is in advanced negotiations to sell its German fund administration unit, Inka, to private-equity firm BlackFin Capital Partners. The unit manages approximately 400 billion euros ($435.16 billion) in assets, with a deal potentially finalized in the coming weeks.
UBS is contemplating the sale of Swiss real estate assets valued at under $1 billion as part of a strategic overhaul of its asset management unit. This move aims to enhance profitability and streamline operations following the acquisition of Credit Suisse, with a goal of achieving $13 billion in cost reductions by 2026. The asset management division, contributing 6.5% to total revenues, is being restructured to focus on core functions while integrating Credit Suisse's businesses.
UBS Group AG is considering a partial divestment of its asset management division, particularly its Swiss real estate assets, which could be valued at under $1 billion. This move follows a recent restructuring aimed at enhancing profitability and streamlining operations post-Credit Suisse acquisition. UBS aims to achieve significant cost reductions and has already made substantial progress in integrating its businesses.
HSBC HOLDINGS
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hsbc considers outsourcing trading operations to enhance competitiveness and cut costs
United States Dollar
HSBC HOLDINGS
GBR
Philip Richards
Pam Kaur
Georges Elhedery
Kenneth C. Griffin
Uzair Kundi
Show more
01:41 25.03.2025
JPMorgan raises HSBC target price amid mixed outlook for Hong Kong banks
07:09 21.03.2025
ping an supports hsbc's reform plan amid stock price rebound
03:00 21.03.2025
hsbc holdings plans to issue 800 million singapore dollars in securities
01:14 21.03.2025
hsbc holdings to issue 800 million in perpetual subordinated securities
01:14 21.03.2025
hsbc in advanced talks to sell german fund administration unit to blackfin
05:26 20.03.2025
hsbc in advanced talks to sell german fund unit to blackfin
17:15 19.03.2025
hsbc in advanced talks to sell german fund administration unit to blackfin
17:15 19.03.2025
ubs explores sale of swiss real estate assets amid strategic overhaul
United States Dollar
Barclays PLC
BAWAG Group AG
BNP Paribas SA
Credit Suisse Strategic Income I
UBS Group AG
HSBC HOLDINGS
HKG
CHE
JPN
DEU
SGP
AUT
LUX
Todd Tuckner
Show more
14:06 19.03.2025
ubs group plans partial divestiture of asset management division focused on real estate
United States Dollar
Barclays PLC
UBS Group AG
HSBC HOLDINGS
HKG
DEU
AUT
LUX
GBR
CHE
JPN
SGP
Todd Tuckner
Show more
16:43 17.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
CEO Changes
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
Global Trade Developments
Industry Mergers & Acquisitions
Financial Scams and Security
Inflation and Monetary Impact
Market Analysis and Predictions
Government Policies
Government Economic Policies
Supply Chain Management
Startups & Entrepreneurship
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
Credit Suisse Strategic Income I
NVIDIA Corporation
Amazon.com, Inc.
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: