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

Banks Tap AI for Estate Management and Compliance
Banks Tap AI for Estate Management and Compliance
August 27, 2024  |  artificial intelligence

Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Wells Fargo’s AI-driven estate management is boosting customer satisfaction, while Treasury Prime...

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UK Banking Giants Accused of Breaching CMA Rules
UK Banking Giants Accused of Breaching CMA Rules
July 25, 2024  |  Bank Regulation

Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response...

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HSBC Promotes CFO Georges Elhedery to Chief Exec
HSBC Promotes CFO Georges Elhedery to Chief Exec
July 17, 2024  |  Personnel

British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC’s chief financial officer (CFO) last year, will move into...

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HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
July 09, 2024  |  Cross-border Payments

Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing...

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HSBC Scales Back Hiring Amid Cost-Cutting Efforts
HSBC Scales Back Hiring Amid Cost-Cutting Efforts
July 02, 2024  |  Personnel

European banking giant HSBC is reportedly slowing hiring and asking investment bankers to reduce expenses. It’s part of an effort by CEO Noel Quinn to...

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FundPark Gets $250 Million for Chinese Working Capital Projects
FundPark Gets $250 Million for Chinese Working Capital Projects
June 25, 2024  |  Startups

Hong Kong-based FinTech FundPark reportedly obtained a $250 million private loan led by HSBC. The loan is the second investment of this type FundPark has...

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Swiss Regulator Says HSBC Violated Money Laundering Regulations
Swiss Regulator Says HSBC Violated Money Laundering Regulations
June 18, 2024  |  AML

Swiss financial market supervisory authority FINMA has ruled that HSBC Private Bank (Suisse) SA violated money laundering regulations. This ruling followed enforcement proceedings opened by...

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Mastercard and HSBC Middle East Partner on Travel Industry Payments
Mastercard and HSBC Middle East Partner on Travel Industry Payments
May 30, 2024  |  Partnerships

Mastercard and HSBC Middle East have joined forces to introduce the Mastercard Wholesale Program (MWP) in the Middle East, with a specific focus on the...

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HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
May 17, 2024  |  Banking

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns...

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