HSBC

HSBC Holdings plc is a British multinational investment bank and financial services holding company. It was the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of US$2.558 trillion.

(source: hsbc.com)

HSBC Profits Jump 90% as Interest Rates Rise
HSBC Profits Jump 90% as Interest Rates Rise
February 21, 2023  |  Earnings

Banking giant HSBC is hopeful the interest rates that led to a huge jump in profits will last into this year. The London-based bank reported...

READ MORE >
Uber Launches Payout Solution for Unbanked Drivers in Egypt
Uber Launches Payout Solution for Unbanked Drivers in Egypt
February 08, 2023  |  Ridesharing

Uber has teamed up with HSBC to launch Flexpay, a new on-demand payout solution in Egypt. The two companies announced the launch in a joint...

READ MORE >
UK Competition Authority Calls Out HSBC for Open Banking Failures
UK Competition Authority Calls Out HSBC for Open Banking Failures
January 19, 2023  |  Bank Regulation

The U.K.’s Competition and Markets Authority (CMA) has found HSBC breached its open banking order. The breach in question relates to the Retail Banking Market...

READ MORE >
UK Mortgage Lenders Agree on Measures to Help Struggling Borrowers
UK Mortgage Lenders Agree on Measures to Help Struggling Borrowers
December 28, 2022  |  Loans

The U.K.’s largest mortgage lenders have agreed on measures to help struggling borrowers. The new measures follow a meeting between the chancellor, Jeremy Hunt, and...

READ MORE >
FCA Cautions Holiday Shoppers Against Rise in Loan Fee Scams
FCA Cautions Holiday Shoppers Against Rise in Loan Fee Scams
December 22, 2022  |  Fraud Prevention

The U.K.’s financial regulator has warned consumers to be wary of Christmas scams. With inflation in the double figures, many in the country are turning...

READ MORE >
Major Banks Incorporate New UK Company to Promote Shared Hubs
Major Banks Incorporate New UK Company to Promote Shared Hubs
December 19, 2022  |  Banking

The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up...

READ MORE >
HSBC Teams With Extend to Offer Virtual Cards
HSBC Teams With Extend to Offer Virtual Cards
December 14, 2022  |  Partnerships

Extend has teamed with banking giant HSBC to offer customers virtual cards. It’s the second partnership for the virtual card and spend management platform Extend...

READ MORE >
NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
December 07, 2022  |  CBDC

A group of large banks is preparing to test a shared digital asset settlement platform. According to the announcement, the study is set to take...

READ MORE >
Wells Fargo and HSBC Add Offshore Yuan to FX System
Wells Fargo and HSBC Add Offshore Yuan to FX System
November 17, 2022  |  Blockchain

Wells Fargo and HSBC, two of the world’s largest banks, have added the offshore version of China’s yuan (CNH) to their blockchain-based foreign exchange (FX)...

READ MORE >