The Hongkong and Shanghai Banking Corporation Limited
Recent events
Recent events tied to this brand in public sources.
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2020
HSBC introduced enhanced wealth portfolio service for Jade clients in Asia Pacific
HSBC introduced an enhanced version of its Wealth Portfolio Intelligence Service for Jade-level clients in the Asia Pacific region, expanding portfolio analysis to cover most key liquid asset classes.
2020
HSBC and Cainiao partner on digital trade finance
HSBC linked up with Cainiao Network Technology to provide a digital trade finance solution for e-commerce sellers, initially available to Hong Kong-based sellers on TMall Global.
2020
HSBC and Cainiao partner to offer quick trade-finance approvals
HSBC partnered with Cainiao to offer trade-finance loan approvals within seven days to eligible Hong Kong online merchants using Tmall, with loans of up to US$500,000.
2020
HSBC appoints Noel Quinn as chief executive
HSBC appointed Noel Quinn, its interim chief executive, to the permanent chief executive role.
2020
HSBC combines wealth management and private banking businesses
HSBC announced that it would combine its retail banking and wealth management business with its global private banking business to form a new global business, Wealth and Personal Banking.
2020
Meghna Group receives HSBC Business Excellence Award
Meghna Group of Industries received the first HSBC Business Excellence Award for its stated achievements and contribution to Bangladesh's socio-economic growth.
2020
HSBC announces planned global workforce cuts
HSBC announced plans to cut about 15% of its global workforce, approximately 35,000 jobs, over the next three years.
2020
HSBC announces restructuring plan and planned job cuts
HSBC announced a restructuring plan that included plans to cut 35,000 jobs and reduce operations in the United States and Europe. The article reports the reductions as plans, not completed layoffs.
2020
HSBC cuts its two-year Premier mortgage rate
HSBC lowered its two-year fixed Premier home-loan rate in New Zealand from 3.54% to 3.20%. The special rate was offered for a limited time to new HSBC Premier customers and qualifying existing customers borrowing an additional $100,000 or more.
2020
HSBC UAE launches Jade bank account
HSBC UAE launched Jade, a bank account designed for high-net-worth individuals, offering relationship management, wealth solutions and luxury lifestyle services.
2020
HSBC launches green deposit account for corporate clients
HSBC Singapore offered its first green deposit account for corporate clients. HSBC said the product was available in Singapore and the U.K., with deposits financing green initiatives.
2020
Travelex reports ransomware attack and service disruption
Travelex was affected by a ransomware attack on New Year’s Eve and took its global websites offline. Its update said some data had been encrypted, but that the extent was unknown and there was no evidence that structured personal customer data had been breached. The article also reported that online foreign-currency services at several banks were down. Travelex said it had opened an investigation, was working toward recovery, and had restored some internal systems; its CEO apologized for the inconvenience to partners and customers.
2019
HSBC launches No Fixed Address Service
HSBC launched the No Fixed Address Service, a specialist bank account service available in selected branches for people without ID or a fixed address, in partnership with Shelter.
2019
Specialized Signs receives funding from HSBC UK
Edinburgh-based Specialized Signs received a six-figure funding package from HSBC UK to support sustainability, including the purchase of a new printer.
2019
HSBC Swiss private banking arm agrees to pay $192 million over US tax-evasion conduct
HSBC's Swiss private banking arm agreed to pay the US Justice Department $192 million after admitting that it helped individuals and corporations evade federal taxes. The payment includes unpaid taxes, forfeited fees and a fine.
2019
HSBC announces 2020 sponsorship partners
HSBC announced that its 2020 sponsorship partners would include the Sydney Swans Football Club, Opera Australia, and the Queensland Art Gallery.
2019
HSBC launches digital vault custody service
HSBC launched its Digital Vault service, enabling its global custody clients to access details of their private assets in real time.
2019
HSBC UK launches gambling transaction-blocking tool
HSBC UK launched a self-restriction tool that allows customers to block gambling transactions on their accounts, developed with GamCare and GambleAware.
2019
HSBC launches HSBC Dynamics beta service
HSBC launched HSBC Dynamics, an app-based commercial banking service, and said it was in beta testing.
2019
HSBC reports third-quarter 2019 earnings
HSBC reported third-quarter pre-tax profit of $4.8 billion, down 18% year over year, and revenue of $13.36 billion, down 3%.