Media releases

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).