HSBC HOLDINGS (HSBC) Company Report

HSBC has appointed Brendan Nelson as its permanent group chair, a role he has held on an interim basis since October.
Nelson, a KPMG veteran with prior board experience at BP and Royal Bank of Scotland, succeeds Mark Tucker and will continue to chair HSBC's group audit committee until February 2026.
This appointment aligns with CEO Georges Elhedery's ongoing restructuring efforts to concentrate HSBC's operations on Asia.
The bank recently reported a 14% decline in profit to $7.3 billion for the quarter ending September 30, partly due to approximately $1.1 billion in legal provisions related to the Madoff fraud scandal.

2 days ago

Morningstar

HSBC Holdings plc Issues Senior Unsecured Notes

HSBC

Debt Issuance

HSBC Holdings plc issued EUR1,250,000,000 in 3.608% Fixed to Floating Rate Notes due 2033 on December 1, 2025.
The notes were issued under the company's Debt Issuance Programme.
Application will be made to list the Notes on the Official List of the Financial Conduct Authority and to trade them on the Main Market of the London Stock Exchange plc.
The Notes have not been registered under the United States Securities Act of 1933 and may not be offered or sold within the United States or to US persons.

4 days ago

6-K

HSBC Holdings plc announces consents for Hang Seng Bank privatization

HSBC

M&A

Takeover Bid

HSBC Holdings plc announced a proposal for the privatisation of Hang Seng Bank Limited by The Hongkong and Shanghai Banking Corporation Limited via a scheme of arrangement.
In connection with this proposal, the Group has secured relevant consents from the Executive under the Takeovers Code for various ordinary course activities, including Structured Products-related Activities, Agency Lending Programme indemnities, Market Making Activities, management of Passive Index-Tracking Funds, and dealings as an executor and discretionary trustee of a deceased's estate.
These consents, granted between September 29, 2025, and November 26, 2025, ensure compliance with Takeovers Code rules (e.g., 21.2, 21.7, 23, 24) by waiving requirements such as 24-hour public notice for sales or confirming no implications on the minimum consideration level for the proposal.

7 days ago

6-K

HSBC Holdings provides update on Hang Seng Bank privatization proposal

HSBC

M&A

Delisting/Listing Issues

Takeover Bid

HSBC Holdings plc, The Hongkong and Shanghai Banking Corporation Limited (HSBC Asia Pacific), and Hang Seng Bank Limited issued a monthly update on the proposed privatization of Hang Seng Bank by HSBC Asia Pacific via a scheme of arrangement.
This proposal also includes the proposed withdrawal of listing of Hang Seng Bank shares.
The parties are currently preparing and finalizing the Scheme Document, which is expected to be despatched on or before December 17, 2025.
Shareholders and potential investors are advised to exercise caution when dealing in the securities of HSBC Holdings and Hang Seng Bank, as the proposal's implementation is contingent on all conditions being satisfied or waived.

7 days ago

6-K

HSBC Holdings Restructures Trading Division to Focus on Debt Financing

HSBC

Management Change

New Projects/Investments

HSBC Holdings is undertaking a major restructuring of its trading division to strengthen its focus on debt financing under CEO Georges Elhedery's leadership.
The restructuring involves combining Group-of-10 rates trading with foreign exchange, emerging markets rates, and commodities desks into a new global macro division.
All remaining global debt market businesses, including high-yield and investment-grade credit trading, will be consolidated into a new global credit and financing division. Derivatives clearing services will be integrated into the global equities team.
This strategic shift follows the closure of much of HSBC's advisory and equity underwriting operations in key regions, allowing the bank to concentrate on debt capital markets where it aims to become a financing powerhouse.
Volkan Benihasim will head the new global macro division, and a temporary leadership team will manage the global credit and financing unit while a permanent head is sought. Separately, Steve Hughes has been appointed CEO and head of Australia and New Zealand banking, effective January 1, 2026.

Nov 20, 2025, 5:19 PM

Bloomberg

HSBC Expands Tokenized Deposit Services to US and UAE Firms

HSBC

Product Launch

New Projects/Investments

HSBC is expanding its tokenized deposit services to corporate clients in the United States and the United Arab Emirates in the first half of 2025.
These services utilize blockchain technology to facilitate 24/7 local and international money transfers, aiming to provide better liquidity management for large companies.
HSBC's tokenized deposits are regulated digital versions of traditional bank deposits, distinguishing them from stablecoins, although the bank is considering issuing its own stablecoin in the future.
This expansion follows previous launches in Hong Kong, Singapore, the UK, and Luxembourg, reflecting a broader industry trend towards adopting digital money technologies.

Nov 18, 2025, 3:55 PM

Bloomberg

HSBC Holdings plc Announces Senior Unsecured Notes Offering

HSBC

Debt Issuance

HSBC Holdings plc is offering $5,000,000,000 in new senior unsecured notes, issued on November 6, 2025.
The offering comprises $2,250,000,000 of 4.619% Fixed Rate/Floating Rate Senior Unsecured Notes due 2031, $2,250,000,000 of 5.133% Fixed Rate/Floating Rate Senior Unsecured Notes due 2036, and $500,000,000 of Floating Rate Senior Unsecured Notes due 2031.
These notes are issued in denominations of $200,000 and integral multiples of $1,000 in excess thereof.
The Issuer retains the option to redeem the notes prior to maturity under specific conditions, such as a Loss Absorption Disqualification Event or on the Par Redemption Date.

Nov 6, 2025, 5:12 PM

6-K

HSBC Holdings plc Issues Senior Unsecured Notes

HSBC

Debt Issuance

On November 6, 2025, HSBC Holdings plc issued a total of US$5 billion in senior unsecured notes.
The issuance includes US$2.25 billion of 4.619% Fixed Rate/Floating Rate Senior Unsecured Notes due 2031, US$2.25 billion of 5.133% Fixed Rate/Floating Rate Senior Unsecured Notes due 2036, and US$500 million of Floating Rate Senior Unsecured Notes due 2031.
Application will be made to list these notes on the New York Stock Exchange.

Nov 6, 2025, 5:06 PM

6-K

HSBC Holdings plc Reports Q3 2025 Earnings

HSBC

Earnings

Legal Proceedings

Guidance Update

HSBC Holdings plc reported a profit before tax of $7.3 billion for Q3 2025, a $1.2 billion decrease compared to Q3 2024, primarily due to $1.4 billion in legal provisions related to historical matters.
Despite the decrease in reported profit, revenue increased by $0.8 billion, or 5%, to $17.8 billion in Q3 2025 compared to Q3 2024, driven by growth in banking net interest income and a strong performance in Wealth.
The annualised return on average tangible equity (RoTE) for Q3 2025 was 12.3%, but 16.4% excluding notable items, an increase of 0.5 percentage points compared to Q3 2024.
For the nine-month period ended September 30, 2025, reported profit before tax decreased by $6.9 billion to $23.1 billion compared to 9M 2024, largely due to an $8.2 billion impact from notable items, including the non-recurrence of prior year gains and $2.1 billion in dilution and impairment losses related to Bank of Communications Co., Limited.
Group CEO Georges Elhedery updated the 2025 RoTE target, expecting it to be mid-teens, or better, excluding notable items.

Oct 28, 2025, 2:47 PM

6-K

HSBC Holdings plc Reports Q3 and 9M 2025 Financial Results

HSBC

Earnings

Guidance Update

M&A

For the nine months ended September 30, 2025, HSBC Holdings plc reported a profit before tax of $23.1 billion, a decrease of $6.9 billion compared to 9M 2024, primarily due to an $8.2 billion year-on-year impact of notable items. Revenue decreased by $2.4 billion or 4% to $51.9 billion compared to 9M 2024, also reflecting the impact of notable items.
The annualized Return on Tangible Equity (RoTE) was 13.9% for 9M 2025, compared with 19.3% in 9M 2024. Excluding notable items, annualized RoTE in 9M 2025 was 17.6%, an increase of 0.9 percentage points compared with 9M 2024. The company expects to deliver a mid-teens or better RoTE for 2025, excluding notable items.
Net Interest Income (NII) increased by $1.1 billion to $25.6 billion for 9M 2025 compared to 9M 2024. Expected Credit Losses (ECL) increased by $0.9 billion to $2.9 billion in 9M 2025, with an annualised charge of 40 basis points of average gross loans, and this is expected to remain around 40 basis points in 2025. Operating expenses increased by $2.7 billion or 11% to $27.1 billion in 9M 2025, mainly due to notable items including $1.4 billion in legal provisions and $0.8 billion in restructuring costs. Target basis operating expense growth in 2025 compared with 2024 is expected to be approximately 3%.
HSBC announced a conditional proposal to privatize Hang Seng Bank, which is expected to result in a net reduction of approximately 125 basis points in the CET1 capital ratio upon completion. The company intends not to initiate share buy-backs temporarily to allow CET1 capital to increase and to restore the CET1 capital ratio to within its target range of 14%-14.5%.

Oct 28, 2025, 1:23 PM

6-K

Earnings Transcripts

Quarterly earnings call transcripts for HSBC HOLDINGS.

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