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Shore Capital has reiterated its sell recommendation on HSBC Holdings PLC (LSE:HSBA, NYSE:HSBC), warning the shares' punchy valuation more than reflects the...
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.
HSBC is weighing a Singapore banking consolidation to simplify operations, cut duplication and sharpen its focus on higher-growth businesses in Asia.
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.
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.
BAC, C, DB and HSBC are among six banks agreeing to an $86.4M settlement over alleged Mexican bond market manipulation.
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.
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.