Will HSBC's patience on fate of U.S. retail unit pay off?


The London company poured cold water on speculation a deal to divest its 152-branch network in the United States was imminent. But biding its time here while focusing on issues in other parts of its global operation could drive up the price in a seller’s M&A market.


If HSBC’s selling its branches, who’s buying?


The U.K. banking giant is reportedly mulling an exit from retail banking in the United States. It could attract more interest if it tries to sell its network in pieces instead of looking for a single buyer, analysts say.


HSBC contemplates complete exit from U.S. retail banking


HSBC's management is looking at a complete withdrawal from its retail operations in the U.S., although a full exit from other businesses in the country is unlikely, according to a person familiar with the matter.


JPMorgan no longer stands alone as most important bank


JPMorgan Chase dropped one rung on the Financial Stability Board’s annual rankings of systemically important banks to sit alongside Citigroup and HSBC Holdings as one of the world’s three most important banks.


HSBC says rock-bottom interest rates may curb free bank accounts


Europe's largest lender could start charging for basic banking services "in some markets" because low interest rates meant they were losing money, Chief Financial Officer Ewen Stevenson said on a call with reporters Tuesday after the bank reported third-quarter earnings.


HSBC vows to 'accelerate' U.S. cost-cutting plan


The global bank, which has already closed more than 30% of its U.S. branches this year, indicated that the pandemic is prompting it to adjust its plans on the fly.


How lenders aim to profit from climate change


HSBC, Bank of the West and Fannie Mae are among those offering green mortgage bonds, financing commercial clients’ efforts to rein in carbon emissions and developing other novel products that help customers tackle environmental challenges.


Bank job cuts expected to top 60,000 globally in 2020


Led by HSBC, European banks account for the largest share of the announced reductions, according to a Bloomberg analysis.


Fed corrects stress test error for Morgan Stanley, Goldman Sachs


The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.


Big banks hire 19,000 with pandemic boosting demand for services


Eight of the top 15 firms increased headcount this year through June, while only four reduced it.