Tag: HSBC Holdings PLC

  • HSBC CEO on how the bank bought Silicon Valley Bank UK

    The Bank of England announced on Friday that, “in the absence of meaningful further information”, it would place Silicon Valley Bank UK in insolvency proceedings. More than 200 companies – savers at SVB UK – wrote to the British Treasury on Saturday asking for help. HSBC UK announced at 7am London time on Monday that […]

  • China denies Mark Mobius’ claims that his government is restricting capital flows

    Billionaire investor Mark Mobius told Fox Business in an interview last week, “I can’t get my money out of it.” State Administration on Foreign Exchange (SAFE) officials told CNBC that it is a matter of “basic process and internal control requirements of banking processing [this] specific company.” Chinese authorities have rejected claims from billionaire investor […]

  • WMT, HD, VIR and more

    The Walmart logo is displayed outside their store near Bloomsburg. Paul Weaver | Rocket | Getty Images Check out the companies making the biggest strides in premarket trading: Walmart — Walmart shares fell about 4% before the bell after sharing a prudent outlook for the year as consumers shop less and buy fewer discretionary items. […]

  • The economy could be OK with inflation above 2%

    United States Federal Reserve Building, Washington DC Lance Nelson | The Image Bank | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to speed with everything they need to know, wherever they are. Do you like what you see? You can […]

  • HSBC Reports Q4 Full Year 2022 Results

    HSBC’s reported profit before tax for the three months ended December was $5.2 billion. Analyst estimates compiled by HSBC had expected an 87% increase to $4.97 billion. Hong Kong ferris wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbour, Hong Kong, China. Ucg | Universal Image Group | Getty Images HSBC reported […]