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HSBC Holdings Plc News

Why Is A Major Bank Buying Land In The Metaverse?

HSBC is buying a piece of land on The Sandbox for an undisclosed sum.

HSBC Stock Higher on Profit Beat, $2 Billion Stock Buyback

HSBC says its $2 billion stock buyback should be a signal that it is not concerned about its exposure in China.

Everything You Need To Know About Blockchain Interoperability

The concerns around the lack of interoperability are a false flag by the bears.

HSBC Shares Surge After Solid Q3 Profits, Deeper Planned Costs Cuts

HSBC said it will deepen its planned cost cuts, while adjusting its business model towards fee-paying services, following a stronger-than-expected third quarter earnings report for Europe's biggest bank.

Wells Fargo Reportedly Cuts More Than 700 Jobs in Commercial Banking

Wells Fargo says it expects to reduce its workforce 'through a combination of attrition, the elimination of open roles and job displacements.'

Breaking News

Gap Stock Slumps On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.