Media releases

“We delivered another good quarter, which shows that our strategy is working,” said Group Chief Executive Georges Elhedery.

HSBC has announced the appointment of Pam Kaur as Group Chief Financial Officer and an Executive Director of the Board effective 1 January 2025.

SemFi by HSBC, which will deliver embedded finance solutions to business clients, is a joint venture with B2B fintech Tradeshift.

The successful trial marks the latest step by HSBC in pioneering the protection of critical applications from potential future quantum computing attacks.

We’ve announced changes to our senior management team which will help position the Group for the next phase of development and growth.

“We had another strong profit performance in the first half of 2024, which is further evidence that our strategy is working,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc today announces that Georges Elhedery has been appointed as Group Chief Executive, with effect from 2 September 2024.

HSBC Bank (China) Company Limited has completed the acquisition of Citi’s retail wealth management portfolio in mainland China.

“I’m pleased with our start to 2024. Our good profit performance has enabled us to continue the trend of rewarding our shareholders,” said Group Chief Executive Noel Quinn.

“Our record profit performance in 2023 enabled us to reward our shareholders with our highest full-year dividend since 2008,” said Group Chief Executive Noel Quinn.

HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to CCF.

HSBC has become the first bank to pioneer quantum protection for AI-powered foreign exchange trading.

“We’ve had three consecutive quarters of strong financial performance and are on track to achieve our mid-teens return on tangible equity target for 2023,” said Group Chief Executive Noel Quinn.

‘This investment will allow us to further build out our core wealth business in HSBC Bank China,’ said Nuno Matos, CEO, Wealth and Personal Banking.

HSBC has announced plans to make available $1bn of financing to early-stage climate tech companies around the world.

“We have delivered a strong first half performance and are confident of achieving our revised mid-teens return on tangible equity target in 2023 and 2024,” said Group Chief Executive Noel Quinn.

HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps.

HSBC is the first bank to join BT and Toshiba’s pioneering commercial quantum secure metro network, working in collaboration with Amazon Web Services (AWS).

New standalone entity, formerly Silicon Valley Bank UK, will be core to HSBC’s strengthened global innovation economy proposition.

“Our strong first quarter performance provides further evidence that our strategy is working,“ said Group Chief Executive Noel Quinn.

The Board of HSBC believes a structural reconfiguration of HSBC Asia Pacific would result in material loss of value for HSBC shareholders.

Significant interest rate rises since the sale terms were agreed and the related fair value accounting treatment on acquisition have made completion by the Purchaser Group less certain.

HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.

“2022 was another good year for HSBC,” said Group Chief Executive Noel Quinn. “We completed the first phase of our transformation and our international connectivity is now underpinned by good, broad-based profit generation around the world.”

HSBC Holdings plc announces its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has today entered into an agreement to sell its banking business in Canada (‘HSBC Canada’) to Royal Bank of Canada, subject to regulatory and governmental approvals.

HSBC Holdings plc announces Georges Elhedery appointed as Group Financial Officer and Executive Director, Greg Guyett appointed CEO of GBM - Ewen Stevenson to step down.

“We maintained our strong momentum in the third quarter and delivered a good set of results,” said Group Chief Executive Noel Quinn.

22 September 2022 – HSBC Asset Management (HSBC AM), has announced its policy to phase out coal-fired power and thermal coal mining (‘thermal coal’) from its listed holdings.

“Our first-half performance reflects the continued impact of our strategy, with gathering revenue momentum and tight cost control,” said Group Chief Executive Noel Quinn.

“Our strategy is on track, with organic growth and good momentum across most parts of the Group,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc (‘HSBC’) today announces plans to continue our leadership on climate change and outlines three steps we will take to turn our net zero ambition for our portfolio of clients into business transformation across the bank.

HSBC Holdings plc reported profit before tax of USD18.9bn in 2021, up USD10.1bn on 2020. “We have good momentum coming into 2022,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc (HSBC) today publishes ambitious new 2030 targets for reductions in financed emissions from two carbon intensive sectors, Oil and Gas, and Power and Utilities.

Further to the announcement on 16 August 2021, HSBC Insurance (Asia Pacific) Holdings Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has completed the acquisition of 100% of the issued share capital of AXA Insurance Pte Limited (AXA Singapore).

HSBC Holdings plc (“HSBC”) is today announcing it is investing USD100m as an anchor partner in Breakthrough Energy Catalyst, (“Catalyst”), a groundbreaking programme that leverages private-public capital to accelerate the development of clean technologies that will help achieve net-zero emissions by 2050.

HSBC Insurance (Asia) Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has received approval from the Shanghai office of the China Banking and Insurance Regulatory Commission to acquire the remaining 50% equity interest in HSBC Life Insurance Company Limited (HSBC Life China), which would allow HSBC to take its shareholding to 100% upon completion.

HSBC Asset Management (India) Private Ltd, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has entered into an agreement with L&T Finance Holdings Limited (LTFH) to fully acquire L&T Investment Management Limited (LTIM) for US$425 million.

HSBC Holdings plc (“HSBC”) is today setting out a detailed policy to phase out the financing of coal-fired power and thermal coal mining by 2030 in EU and OECD markets, and worldwide by 2040.

HSBC Holdings plc (‘HSBC’ or together with its subsidiaries, the ‘Group’) notes the publication today of the Bank of England’s 2021 Solvency Stress Test (‘SST’) results.

“We had a good third-quarter performance, with strong growth in profits supported by additional credit provision releases,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc (“HSBC”) and Temasek today announced a partnership to establish a debt financing platform dedicated to sustainable infrastructure projects with an initial focus on Southeast Asia, as part of efforts to reduce climate change.

HSBC announces the appointment of Lord Udny-Lister as Senior Adviser to Mark Tucker, Group Chairman, HSBC Holdings, with effect from 27 September 2021.

HSBC has agreed to acquire AXA Singapore for USD575 million - a key step in supporting its ambition to be Asia’s leading insurance and wealth provider.

HSBC Holdings plc reported profit before tax in 1H21 of USD10.8bn, up from USD4.3bn in 1H20. All regions were profitable and there was continued strength in Asia.

HSBC Continental Europe (‘HBCE’) has today signed a Memorandum of Understanding (‘MOU’) with Promontoria MMB SAS (‘My Money Group’), its subsidiary Banque des Caraïbes SA (the ‘Purchaser’) and My Money Bank (‘MMB’), regarding the potential sale of HBCE’s retail banking business in France.

David Liao and Surendra Rosha have been appointed as Co-Chief Executives of HSBC Asia Pacific, taking over from Peter Wong with immediate effect.

Strategically repositions US retail business towards international banking and wealth management.

HSBC, in partnership with WRI and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change.

“We had a good start to the year in support of our customers, while achieving materially enhanced returns for our shareholders,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc reported profit before tax of USD8.8bn, down 34%, from higher expected credit losses and other credit impairment charges and lower revenue, partly offset by a fall in operating expenses.

HSBC has today announced a number of changes to its senior management team.

HSBC Holdings plc announces the appointment of Dr Celine Herweijer as Group Chief Sustainability Officer, effective July 2021.

Nuno Matos is appointed as Chief Executive of Wealth and Personal Banking (WPB), subject to regulatory approval.

“These were promising results against a backdrop of the continuing impacts of COVID-19 on the global economy,” said Group Chief Executive Noel Quinn.

Capital market participants are attaching greater importance to sustainable finance than a year ago, even as issuers and investors navigate unprecedented challenges due to the COVID-19 pandemic.

HSBC today announced an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy.

HSBC and Mastercard today announced a partnership under Mastercard’s City Possible framework whereby the two companies will provide their expertise to help cities achieve sustainable economic growth.

HSBC Holdings plc reported profit before tax of USD4.3bn, down 65%, reflecting the impact of COVID-19, falling interest rates, increased geopolitical risk and heightened levels of market volatility.

HSBC is partnering with the Asian Development Bank to provide finance to suppliers of vital medical equipment and support the recovery from COVID-19.

HSBC Insurance (Asia) Limited has entered into an agreement to acquire the remaining equity interest in HSBC Life China, subject to regulatory approval.

HSBC Holdings plc reported profit before tax of USD3.2bn, down 48%, primarily reflecting the impact of the COVID-19 outbreak and weakening oil prices.

HSBC has announced that it has cancelled the fourth interim dividend for 2019 amid the economic uncertainty surrounding the coronavirus pandemic.

HSBC Holdings plc announces that Noel Quinn is appointed Group Chief Executive Officer. This is effective immediately.

HSBC Holdings plc reported profit before tax for 2019 of USD13.3 billion, down 33 per cent. Adjusted profit before tax rose 5 per cent to USD22.2 billion.

HSBC Holdings plc announces changes to its senior management team which will position the Group for the next phase of its growth.

HSBC Holdings plc notes the publication today of the results of the Bank of England’s 2019 stress test.

HSBC Holdings plc announces a number of changes to its senior management team which will position the Group for the next phase of its strategy.

HSBC Holdings plc reported profit before tax was down 18 per cent to USD4.8 billion. Reported revenue was down 3 per cent to USD13.4 billion.

HSBC Holdings plc announces the appointment of Jonathan Calvert-Davies as Group Head of Internal Audit, effective 1 October 2019.

HSBC Holdings plc announces the appointment of Barry O’Byrne as interim Chief Executive of Global Commercial Banking, subject to regulatory approval.

HSBC Holdings plc reported profit after tax of USD9.9 billion in the first half of 2019, up 18.1 per cent. Reported revenue was up 7.6 per cent.

HSBC Holdings plc announces that John Flint has today stepped down as Group Chief Executive and as a Director by mutual agreement with the Board.

HSBC Holdings plc announces that Patrick Burke will retire from HSBC, to be succeeded as President and Chief Executive Officer, HSBC USA by Michael Roberts.

HSBC Holdings plc reported profit after tax of USD4.9 billion for the first quarter of 2019, up 31 per cent compared with the first quarter of 2018.

HSBC Holdings plc reported profit before tax of USD19.9 billion in 2018, up 16 per cent on 2017. Reported revenue rose 5 per cent to USD53.8 billion.

HSBC has settled more than three million FX transactions and made more than 150,000 payments worth $250 billion using distributed ledger technology.