Keywords: HSBC


HSBC upgrades Indian equities to neutral as lower oil prices improve market outlook

HSBC has upgraded its outlook on Indian equities to "Neutral" from "Underweight", citing improving macroeconomic conditions driven by lower crude oil prices and renewed foreign investor participation. The brokerage also raised its year-end 2026 target for the BSE Sensex to 84,000,......

HSBC reviews Turkey banking operations as part of global strategy to streamline business

HSBC has launched a strategic review of its retail and domestic corporate banking operations in Turkey, as the British banking group continues efforts to simplify its global structure and focus on markets where it sees stronger growth potential. The lender said on Tuesday that it is evaluating all options......

Citi expands bullion business with London gold clearing approval

Citi has secured a pivotal role in the global precious metals market after becoming the fifth institution authorized to clear transactions in London's over-the-counter gold market, strengthening its position in one of the world's most influential bullion trading hubs. The approval gives the......

HSBC warns stronger US dollar could trigger major global market shock

HSBC has warned that a sustained appreciation of the US dollar could become one of the most significant risks facing global financial markets during the second half of the year, potentially triggering sharp declines in higher-risk assets and reshaping investor strategies worldwide. In a recent research......

Standard chartered appoints new Europe and UK CEO in strategic push to expand regional growth

Standard Chartered has appointed Margaret Harwood-Jones as Chief Executive Officer for Europe and the United Kingdom, introducing a newly created leadership role aimed at accelerating the bank’s expansion across two of its key strategic markets. The announcement, made on Tuesday, reflects the......

Banks accelerate AI driven layoffs as 63,000 jobs cut

A wave of restructuring across global banking institutions has intensified job cuts linked to artificial intelligence, with 63,000 positions eliminated in 2026. Financial groups are increasingly integrating AI efficiency targets into workforce planning, moving beyond pilot programs and experimental use......

HSBC chief warns 200,000 staff to adopt AI or risk falling behind

HSBC chief executive Georges Elhedery has told the bank’s 200,000 employees to embrace artificial intelligence or risk being left behind, framing generative AI as a force that will both eliminate and create jobs across the financial sector. He made the remarks during an investor day presentation......

HSBC raises S&P 500 years-end target on strong earnings outlook

Global banking group HSBC Holdings has raised its year-end target for the S&P 500 index, reflecting stronger-than-expected corporate earnings and continued optimism in U.S. equity markets. In its latest outlook, HSBC increased its forecast for the index to 7,650 points from 7,500, citing resilient......

HSBC reviews lending policies after $400 million fraud provision

HSBC has announced that it has almost completed a comprehensive review of its lending policies and practices following a significant financial setback linked to fraud in its UK operations. The bank recently set aside a provision of around $400 million after identifying losses associated with suspected......