The Latest Breaking News from HSBC

HSBC upgraded its rating of Schlumberger (NYSE:SLB) to Buy with a price target of $44.20, changing its price target from $40.60 to $44.20. Shares of Schlumberger are trading up 1.01% over the last 24 hours, at $39.94 per share.

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Stock futures edge lower ahead of busy earnings slate; Twitter shares edge higher amid key questions on Musk's take-private future; HSBC shares tumble as Asia-focused bank books credit losses, pauses buybacks; Microsoft earnings to highlight Azure importance as PC demand wanes and Google earnings in focus as ad market competition…

HSBC today reported a plunge in profits, defended its Russianbusiness and said rising interest rates should enable it to retain returns to investors.

Bank puts aside £504m to cover unpaid loans as customers miss payments due to cost of living crisis

Hong Kong (AFP) - HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its outlook. 

Many banks are offering similar deals

The Isles of Scilly is losing its last remaining bank branch, Lloyds, but the closure means anyone wanting face-to-face banking has to do it every fortnight or travel for five hours

Four banks are offering cash incentives to switch and one is offering thousands of reward points.