Tag: HSBC

Tuesday, July 29th 2025 - 10:30 UTC
HSBC sells out operations in Uruguay to leading Brazilian bank

Brazilian bank BTG Pactual has acquired the Uruguayan operations of British bank HSBC for US$175 million, marking BTG Pactual's entry into Uruguay and HSBC's exit from the market as part of its global restructuring strategy. The deal, announced on Monday, includes both equity and additional capital instruments and is subject to regulatory approvals.
Tuesday, April 9th 2024 - 21:01 UTC
HSBC leaving Argentina to pursue other interests

Global banking giant HSBC Tuesday announced it was selling its Argentine operations to Grupo Financiero Galicia for US$ 550 million after deciding to leave the South American country to focus on operations in Asia as the new business strategy. The total transfer process could take about 12 months as some regulatory approvals are still needed.
Tuesday, March 3rd 2020 - 08:30 UTC
Argentina hires Lazard, Bank of America and HSBC for debt restructuring process

Argentina’s government said on Sunday it had hired Lazard as financial advisor and Bank of America and HSBC as debt placement agents for the debt restructuring process it hopes to close by the end of March.
Monday, August 5th 2019 - 09:00 UTC
HSBC CEO steps down, “by mutual agreement”; search for a replacement has started

The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a “challenging global environment”. John Flint is giving up the role he has held for a year and a half “by mutual agreement with the board”.
Wednesday, February 20th 2019 - 10:01 UTC
Europe's biggest bank slower profits blamed on tepid growth in China and UK

HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain. HSBC reported a drop in fourth-quarter revenue amid tumbling stock markets that sapped customer's confidence in investing.
Friday, February 2nd 2018 - 19:33 UTC
UBS, HSBC and Deutsche Bank caught spoofing, and have to pay US$ 46.6m

The US Department of Justice (DOJ) says it has charged eight individuals over allegations they “spoofed” or manipulated the futures markets for precious metals and share indexes. Separately UBS, HSBC and Deutsche Bank will pay a total of US$ 46.6m to settle spoofing charges against them.
Tuesday, January 2nd 2018 - 10:58 UTC
Brexit: First quarter of 2018, “point of no return” for financial services industry

The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.
Friday, October 13th 2017 - 12:52 UTC
HSBC names John Flint as next CEO; JP Morgan Chase and Citigroup profits up

Banking giant HSBC has named John Flint, current head of retail banking and wealth management, as its new boss. Mr Flint, who takes over from outgoing chief executive Stuart Gulliver, will start his new role next February.
Tuesday, August 4th 2015 - 09:27 UTC
Bradesco buys HSBC operations in Brazil for 5.2bn dollars

Brazil's Banco Bradesco SA agreed to buy HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy.
Friday, March 20th 2015 - 07:12 UTC
Names of Argentines with HSBC offshore accounts in Switzerland to be made public

Argentina will move forward with its investigation of the HSBC offshore accounts in Switzerland, and will make public the names of those Argentine citizens and organizations that held money overseas in the financial entity, allegedly with the purpose of eluding local taxes.