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HSBC Holdings PLC (0005.HK)

0005.HK on Hong Kong Stock

63.50HKD
30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

HSBC says issued $2.5 bln senior notes due 2023 on March 13
Tuesday, 14 Mar 2017 01:04am EDT 

Hsbc Holdings PLC : On March 13, 2017, HSBC Holdings Plc issued $2.5 billion 3.262% fixed rate / floating rate senior unsecured notes due 2023 .US$2.50 billion 4.041% fixed rate / floating rate senior unsecured notes due 2028 pursuant to its senior indenture dated August 26, 2009.  Full Article

HSBC says issued $2.5 bln senior notes due 2023 on March 13
Monday, 13 Mar 2017 12:20pm EDT 

Hsbc Holdings PLC : On March 13, 2017, HSBC Holdings Plc issued $2.5 billion 3.262% fixed rate / floating rate senior unsecured notes due 2023 .US$2.50 billion 4.041% fixed rate / floating rate senior unsecured notes due 2028 pursuant to its senior indenture dated August 26, 2009.  Full Article

HSBC appoints Mark Tucker to succeed Douglas Flint as group chairman
Sunday, 12 Mar 2017 06:23pm EDT 

HSBC Holdings-<0005.HK> : HSBC appoints Mark Tucker to succeed Douglas Flint as group chairman . Tucker, will take over responsibility for leading process of identifying a successor to current group CEO, Stuart Gulliver . Process of identifying a successor "expected to conclude during 2018 in order to meet Stuart Gulliver's expressed desire to retire in that timeframe" .Upon appointment, Mark Tucker will be independent and will be stepping down from boards of AIA and Goldman Sachs.  Full Article

HSBC CEO Gulliver to announce he will leave the bank in 2018 - WSJ
Sunday, 12 Mar 2017 03:03pm EDT 

:HSBC Holdings Plc CEO Stuart Gulliver to announce he will leave the bank in 2018 - WSJ, citing a source.  Full Article

HSBC Holdings updates on sale of additional portfolio of US consumer mortgage loans
Wednesday, 8 Mar 2017 07:21pm EST 

HSBC Holdings Plc : On 8 March, HSBC Finance Corp & HSBC Bank USA, N.A. completed sale of portfolio of US first lien residential mortgage loans . "sellers have received cash consideration of us$3.396bn" . "proceeds will be used to pay down long-term debt and for general corporate purposes" .Disposal of loan portfolio is expected to generate a pre-tax gain on sale, after associated costs, of approximately us$150m..  Full Article

Hsbc to start share buy-back of ordinary shares
Wednesday, 22 Feb 2017 02:12am EST 

Hsbc Holdings Plc : HSBC announces that, as outlined in its announcement on 21 february 2017, it will commence a share buy-back of HSBC's ordinary shares of $0.50 each for up to a maximum consideration of $1,000,000,000 . The purpose of the buy-back is to reduce HSBC's outstanding Ordinary Shares .HSBC has entered into an irrevocable, non-discretionary agreement with Credit Suisse Securities to enable the purchase of ordinary shares by Credit Suisse, acting as principal, during the period running from 22 February 2017 and ending no later than 30 June 2017.  Full Article

HSBC enters into agreement with Credit Suisse Securities to enable purchase of ordinary shares
Tuesday, 21 Feb 2017 11:04pm EST 

Hsbc Holdings Plc : Entered into agreement with Credit Suisse Securities (Europe) to enable purchase of ordinary shares by Credit Suisse, acting as principal .Deal for aggregate purchase price of no greater than US$1 billion and simultaneous on-sale of such ordinary shares by Credit Suisse to HSBC.  Full Article

HSBC says no shortlist yet for candidates to replace Chairman
Tuesday, 21 Feb 2017 04:24am EST 

Hsbc Holdings Plc : HSBC CEO says bank not in a situation where it has a shortlist of candidates for chairman's successor .HSBC CEO says expects to identify successor to chairman Douglas Flint in calendar year 2017.  Full Article

HSBC says $3.2 bln private banking impairment won't impact capital ratio
Tuesday, 21 Feb 2017 12:40am EST 

HSBC <0005.HK> -- : CEO says no intention to sell private banking business despite impairment, restructuring over . HSBC CFO says $3.2 billion private banking impairment to have no impact on bank's capital ratio or cash position Further company coverage: [HSBA.L] (Reporting by Sumeet Chatterjee and Lawrence White) ((sumeet.chatterjee@thomsonreuters.com;)).  Full Article

HSBC Holdings FY pre-tax profit $7.11 bln
Tuesday, 21 Feb 2017 12:12am EST 

HSBC Holdings Plc: FY adjusted operating expenses fell by $1.2bln or 4 pct . "We are investing over $2 billion in digital transformation initiatives" . FY adjusted profit before tax $19.3 billion, down 1.2 pct . FY adjusted revenue of $50.2 billion was broadly unchanged . Co instigating a further $1 billion buy-back programme . Maintained FY dividend at $0.51 per ordinary share; total dividends in respect of year of $10.1 bln; confident of maintaining at this level . As at 31 Dec 2016 common equity tier 1 ratio 13.6 pct . FY reported PBT $7.11 billion, down 62.3 percent . FY reported revenue of $48.0 billion was 20% lower . Board has determined to return to shareholders up to a further $1 bln by way of a share buy-back which is expected to complete in first half of 2017 . Gulliver says "The strength of our network gives us an unrivalled ability to help clients navigate complexity and uncover new opportunities" . "Encouraging to see the significant improvement in performance across all business units in Mexico" . "Expect to deliver increased annualised cost savings of c. $6.0bn" . "May need to relocate 1000 roles from London to Paris over next two years due to Brexit" . On chairman succession "Process remains on track and an announcement will be made in due course" . Targeted reduction of risk-weighted assets is 97 pct complete; now expect to exceed co's cost reduction target.  Full Article

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HSBC announces fintech partnership with Tradeshift

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