HSBC to wind down German business for transaction services, over 300 jobs to be phased out

HSBC is winding down its transactions services business ​in Germany, resulting in more ‌than 300 job reductions, a spokesperson confirmed on Wednesday.

Reuters • 8 hours ago

HSBC shares carry 'sell' rating as broker says valuation leaves no room for disappointment

Shore Capital has reiterated its sell recommendation on HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC), warning the shares' punchy valuation more than reflects the bank's confident outlook. Analyst Gary Greenwood kept his 1,335p target price, implying 13% downside from the current level.

Proactive Investors • Sep 3, 2026

HSBC Eyes Singapore Consolidation: Will Simplification Aid Growth?

HSBC is weighing a Singapore banking consolidation to simplify operations, cut duplication and sharpen its focus on higher-growth businesses in Asia.

Zacks Investment Research • Sep 1, 2026

Standard Chartered and HSBC Complete First Interbank Transaction on Swift's Blockchain-Based Ledger

Standard Chartered and HSBC have completed the first interbank transaction executed on Swift's blockchain-based ledger, Standard Chartered said in a Wednesday (Aug. 19) press release. This live cross-border transaction demonstrated interbank operability and helped advance industry progress on 24/7 cross-border payments, according to the release.

PYMNTS • Aug 21, 2026

Citi, HSBC, StanChart adopt Ant International's forex AI tool

Ant International launched an upgraded version of its ​artificial intelligence model on Thursday, signing ‌up major global banks as financial institutions accelerate the adoption of specialised AI to ​manage liquidity risks.

Reuters • Aug 20, 2026

Major US Banks Agree to $86.4M Settlement in Mexican Bond-Rigging Case

BAC, C, DB and HSBC are among six banks agreeing to an $86.4M settlement over alleged Mexican bond market manipulation.

Zacks Investment Research • Aug 18, 2026

HSBC price target raised by RBC as earnings forecasts climb

HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC) has had its share price target raised to 1,375p from 1,275p by RBC Capital Markets after the broker increased earnings forecasts following stronger-than-expected second-quarter results. RBC retained its Sector Perform rating, with the revised target still below HSBC's 1,525.8p share price at the time of the note, suggesting the broker sees much of the bank's improving outlook as already reflected in the valuation.

Proactive Investors • Aug 17, 2026

Banks reach $86.4 million Mexican bond rigging settlement in Manhattan

Mexican banking affiliates of Bank of America , Banco Santander , BBVA , Citigroup , Deutsche ​Bank and HSBC agreed to pay $86.4 million ‌to settle a long-running antitrust lawsuit by investors who accused them of rigging the market for Mexican ​government bonds.

Reuters • Aug 17, 2026

Businesses Are Spending Big on Quantum

Many companies are pouring millions into quantum computing programs to gain a competitive edge and prepare for future encryption threats.

WSJ • Aug 14, 2026

HSBC global insurance business head Moncreiffe to leave, sources say

HSBC's global chief executive for insurance ‌business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, according to two people with direct knowledge ​of the matter.

Reuters • Aug 12, 2026