HSBC

HSBC Holdings plc is a British multinational investment bank and financial services holding company. It was the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of US$2.558 trillion.

Source: hsbc.com

Crypto Companies Crunched by Cautious UK Banks
Crypto Companies Crunched by Cautious UK Banks
April 02, 2023  |  Cryptocurrency

U.K. Prime Minister Rishi Sunak’s cryptocurrency plans have reportedly hit some snags. As Bloomberg News reported Sunday (April 2), crypto companies were already dealing with...

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Can HSBC Preserve SVB’s Innovation Culture Post UK Unit Acquisition?
Can HSBC Preserve SVB’s Innovation Culture Post UK Unit Acquisition?
March 14, 2023  |  Banking

The world woke up on Monday (March 13) to news that British multinational banking giant HSBC is purchasing Silicon Valley Bank (SVB) UK, the U.K....

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New Owner HSBC Invests $2.1 Billion Into SVB UK
New Owner HSBC Invests $2.1 Billion Into SVB UK
March 13, 2023  |  Banking

British banking giant HSBC is reportedly set to inject $2.1 billion into Silicon Valley Bank UK. Bank officials told investors Monday (March 13) that HSBC...

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HSBC Pays One Pound to Purchase Silicon Valley Bank UK
HSBC Pays One Pound to Purchase Silicon Valley Bank UK
March 13, 2023  |  Banking

Banking giant HSBC is set to acquire the U.K. arm of failed lender Silicon Valley Bank. HSBC announced the purchase Monday (Mar. 13) morning, saying...

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TD Bank and HBSC Make ‘Monumental’ Settlement in $7B Ponzi Case
TD Bank and HBSC Make ‘Monumental’ Settlement in $7B Ponzi Case
February 27, 2023  |  Legal

A group of banks have agreed to settle a lawsuit tied to a $7 billion Ponzi scheme. Among these is TD Bank, which announced in...

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Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
February 22, 2023  |  Banking

In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest. Barclays...

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HSBC Profits Jump 90% as Interest Rates Rise
HSBC Profits Jump 90% as Interest Rates Rise
February 21, 2023  |  Earnings

Banking giant HSBC is hopeful the interest rates that led to a huge jump in profits will last into this year. The London-based bank reported...

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Uber Launches Payout Solution for Unbanked Drivers in Egypt
Uber Launches Payout Solution for Unbanked Drivers in Egypt
February 08, 2023  |  Ridesharing

Uber has teamed up with HSBC to launch Flexpay, a new on-demand payout solution in Egypt. The two companies announced the launch in a joint...

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UK Competition Authority Calls Out HSBC for Open Banking Failures
UK Competition Authority Calls Out HSBC for Open Banking Failures
January 19, 2023  |  Bank Regulation

The U.K.’s Competition and Markets Authority (CMA) has found HSBC breached its open banking order. The breach in question relates to the Retail Banking Market...

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