Pretax profit for the first half of the year more than doubled to $10.8 billion, compared with the $4.32 billion posted for the same time last year.
41 new firms signed onto the Net Zero Asset Managers initiative, bringing the total of net-zero focused assets under management to $43 trillion.
The report, based on the banker's interviews with 100 coworkers, claimed HSBC has "abnormal levels of systemic discrimination," Bloomberg reported.
Stocks should benefit from "a positive combination of low rates, low inflation, and a recovery," Willem Sels said.
"Given the volatility, we are not into bitcoin as an asset class," CEO Noel Quinn told Reuters. He added the bank has no plans of starting a crypto desk.
Europe's largest lender said profit-before-tax came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank.
HSBC IT program manager Jonathan Frostick said his he was working too much and sleeping poorly, in a post that struck a chord with others suffering burnout.
HSBC executives at the bank's London HQ have been moved two storeys down and have to "hot desk" as part of a new office model, CEO Noel Quinn said.
In a note to a client, the bank said while the account can hold and sell shares of MicroStrategy, it will not permit new purchases.
Guards wearing masks, face shields and protective clothing stood in front of the entrances to HSBC's Hong Kong office to deny people entry.
Pressure from ShareAction and activist investors prompts HSBC to end financing of the coal industry and expand its climate strategy.
The dollar's rally after last week's jobs data offers another indication that recovery prospects are "becoming more influential," says HSBC.
HSBC posted a 45% decline in profits to $US12.1 billion in 2020. The bank earned $US12.8 billion in Asia, but lost $US4.2 billion in Europe. HSBC earned lower profits in three of its four divisions. Visit the Business section of Insider for more stories. HSBC posted a 14% slump in […]
Europe's biggest bank reported lower profits in three of its four divisions in 2020, but its gains in Asia offset its losses in Europe.
His Royal Highness The Prince of Wales announced Sunday the creation of the ‘Terra Carta’ – a charter giving businesses a roadmap to a more sustainable future. The charter is backed by some of the world’s biggest businesses, including: Bank of America, BlackRock, Unilever, AstraZeneca and BP. Prince Charles’ has […]
HSBC staff in Hong Kong can choose to work up to four days a week from home, per an internal staff memo seen by Bloomberg. The banking giant has given staff three options: working primarily from home, primarily in the office, or full-time in the office, per Bloomberg. HSBC is […]
European shares fall to their lowest since late September, dragged down by concern over the spread of coronavirus and the lack of progress on US stimulus talks, which offset strong quarterly bank earnings. Market gauge of European investor nervousness nears four-month high, as cases of COVID-19 across the region trigger […]