The Hongkong and Shanghai Banking Corporation Limited
Recent events
Recent events tied to this brand in public sources.
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2020
HSBC sues over alleged Hin Leong fraud
HSBC is suing the Lim family and an employee of Hin Leong, seeking to recover $85.3 million that it alleges was obtained with forged documents. The allegations are reported as allegations, not as an established determination.
2020
Mastercard and HSBC partner on sustainable urban development
Mastercard announced a new partnership with HSBC through the City Possible network to accelerate sustainable urban development. The partners plan to develop an approach to green financing for sustainable infrastructure projects in net-zero cities.
2020
HSBC launches green deposit product in India
HSBC launched a corporate term-deposit product called a “green deposit,” committing to on-lend the accrued inflows to finance environmentally sustainable initiatives such as renewable energy projects.
2020
HSBC reports first-half 2020 results
HSBC reported first-half 2020 after-tax profit of $3.1 billion, down 69% year over year, and pre-tax profit of $4.3 billion, down 65%.
2020
HSBC cooperates with Lingang New Area on fintech plans
HSBC China said it had reached cooperation with Lingang New Area and planned to establish a fintech services company in Shanghai to provide technology and data services to licensed financial institutions within the HSBC Group.
2020
HSBC launches ESG portfolio reporting service
HSBC launched a reporting service that provides asset owners and managers with independent measurement of the ESG focus of their listed asset investments. The service includes monthly dashboard reporting with portfolio-level ESG ratings and carbon emissions data.
2020
Huasheng Securities and HSBC launch e-DDA funding service
Huasheng Securities and HSBC jointly launched e-DDA authorization and funding functionality, allowing investors to initiate deposits through the Huashengtong app without uploading a transfer receipt.
2020
HSBC and HKSTP collaborate on open banking support for startups
HSBC partnered with Hong Kong Science and Technology Parks Corporation to assist Hong Kong-based startups with open banking programs through the API EcoBooster initiative.
2020
HSBC commits to cloud deal with AWS
HSBC committed to a cloud deal with Amazon Web Services, saying it would make AWS technology available across customer-facing apps and use it in application modernization for its global wealth and personal banking business.
2020
HSBC announces digital wealth and insurance planning service in mainland China
HSBC announced that it was starting a digital wealth and insurance planning service for customers in mainland China, initially covering new customers in Guangzhou and Shanghai.
2020
Eileen Murray joins HSBC's board
HSBC said Eileen K Murray was joining its board as an independent director, effective Wednesday.
2020
Investors sue HSBC over film investment schemes
Hundreds of investors sued HSBC, alleging it should be held responsible for false promises made by its client, Eclipse Film Partners, in connection with film investment schemes. The article reports the amount in dispute as up to £1.3 billion.
2020
Customer sues HSBC Bank Malaysia over alleged negligence
Lee Cheong Chee sued HSBC Bank Malaysia, alleging that the bank failed to warn him about potentially fraudulent transactions and seeking reimbursement of his losses. The claims were allegations at the time of the report.
2020
HSBC clarifies its commitment to its China business
After claims circulated that HSBC would close its China business, HSBC issued a clarification stating that China is an important strategic market and that it would continue increasing investment in the mainland across business, services, talent and technology.
2020
HSBC says it will resume planned layoffs
HSBC CEO Noel Quinn said the bank must resume its layoff plan, with Europe and the United States expected to be particularly affected. The article reports this as a plan, not as completed layoffs.
2020
8minute Solar Energy closes $225 million credit facility
8minute Solar Energy closed a $225 million letter-of-credit facility from a consortium of five banks to post securities for power purchase and interconnection agreements related to its solar and storage pipeline.
2020
Libra Association appoints Stuart Levey as CEO
The Libra Association announced Stuart Levey as its new CEO. Levey was expected to join the association after stepping down as HSBC Holdings' Chief Legal Officer that summer.
2020
HSBC and Ascenda announce Taiwan rewards partnership
HSBC and Ascenda announced a partnership to enhance HSBC rewards propositions in Taiwan. The announcement also said a new Traveller's Card for Taiwanese travellers was planned to launch starting in Q2 2020.
2020
Proxymity raises $20.5 million in strategic investment
Proxymity announced that it had raised $20.5 million in a strategic investment round from an industry-led consortium.
2020
HSBC UK agrees with Fidelity to offer a SIPP
HSBC UK entered into an agreement with Fidelity FundsNetwork to offer a self-invested personal pension (SIPP).