The Latest Breaking News from HSBC

Deal will mean Hang Seng Bank’s shares are taken off local stock exchange as HSBC doubles down on Asian business

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

HSBC, which already owns around 63% of Hang Seng, is proposing to pay around £10.2 billion on buying out the remaining shares to de-list Hang Seng.

HSBC‘s (HKG: 0005) (NYSE:HSBC) (LSE: HSBA) Hong Kong shares dropped over 7% on Thursday, after the European lender announced plans to privatize its majority-owned local unit, Hang Seng Bank (HKG: 0011), in a deal valued at HK$106.1 billion (about $13.63 billion).

Asian markets were mixed Thursday as investors tried to assess the outlook for the global AI-fuelled rally, Federal Reserve interest rates and the ongoing US government shutdown.

UK banks, energy giants and arms exporters are at the heart of one of the world’s least-known human rights and environmental crises, our research has revealed.

All three main U.S. equity indexes opened higher but closed lower as a seven-session winning streak for the S&P 500 came to an end.

HSBC (HSBC) is trading at new 10-year highs and boasts strong technical momentum. Shares are up nearly 57% over the past year. The stock boasts a 2.8% dividend yield and has fundamentals that support its technical strength. Analyst sentiment is positive but mixed, with most ratings between “Strong Buy” and...

NZBA had nearly 150 members but banks began leaving when Trump was re-elected on promise to ‘drill, baby, drill’

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Several major banks, including British lenders HSBC and Barclays, left the Net Zero Banking Alliance in the last year.