HSBC Holdings Plc is a multinational banking and financial services organization based in the UK, providing a wide range of services to individuals, businesses, and institutions across the globe
The company operates through various segments, including retail banking, commercial banking, global banking and markets, and wealth management. HSBC is known for its extensive international presence, facilitating cross-border transactions and providing solutions for diverse financial needs. Its offerings encompass personal and corporate banking, investment services, and various financial products, aimed at fostering economic growth and supporting clients in their financial endeavors.
Red Badger, a leader in digital transformation for some of the world’s most prominent brands and financial institutions, is proud to announce the launch of its dedicated Public Sector practice. This new initiative will bring the company’s deep digital expertise, innovative methods, and progressive technologies to the public sector, helping organisations tackle complex challenges with cutting-edge, highly effective digital solutions.
Today's Research Daily features new research reports on 16 major stocks, including Apple Inc., Alphabet Inc., and Cisco Systems, Inc., as well as two micro-cap stocks Hovnanian Enterprises, Inc. and Perma-Pipe International Holdings, Inc..
Shares of computer processor maker AMD (NASDAQAMD)
fell 5.9% in the morning session after Goldman Sachs analyst Toshiya Hari downgraded the stock from Buy to Neutral and lowered the price target from $175 to $129. The downgrade was driven by what the analyst considers a more modest demand outlook for AMD's PCs, servers, and data center graphics processing unit (GPUs) amid growing competition.
Shares of computer processor maker AMD (NASDAQAMD)
fell 5.2% in the morning session after the company received a double rating downgrade from HSBC. Analyst Frank Lee cut his rating from Buy to Sell and lowered the price target from $200 to $110 on concerns that AMD's competitive posture in the GPU market might not be as strong as initially anticipated. The analyst thinks the AI GPU growth for the first half of 2025 could decelerate due to weak demand for AMD's new MI325 GPU.
The venture healthcare market saw a return to new investment, up 30% versus 2023, but not without careful consideration of risk, with larger syndications of investors raising early-stage mega rounds or shifting focus to later-stage, leading to fewer small Seed and Series A deals, according to the annual HSBC Venture Healthcare Report: Look What You Made Me Do.
HSBC announced that Lisa McGeough has officially been appointed President and Chief Executive Officer for the United States, effective January 1, 2025. In this role, Lisa will lead the next phase of growth for the United States, overseeing all businesses in the region. She will also drive the expansion of the newly integrated wholesale business, Corporate and Institutional Banking, in North America. Lisa will be based in New York City.
The expansion of the gaming sector presents opportunities for investors who seek companies with strong user growth, solid financials, and innovative platforms.
HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 7.75% to 7.50%, effective tomorrow, 12/19/2024.
HSBC announced today the launch of HSBC CommunityWorks Opening Doors, a new program that offers home loan grants to homebuyers in underserved counties in California, Florida, New York, New Jersey, Virginia, Washington and the District of Columbia. It is effective January 1, 2025.
HSBC Innovation Banking published today its latest quarterly outlook for the U.S. technology sector, exploring major trends shaping startup development, venture activity, and big tech strategies in the age of AI.
HSBC U.S. Head of International Wealth, Premier and Global Private Banking Racquel Oden today announced that Eric Ingber has been named U.S. Head of Ultra High Net Worth, leading efforts to support high-performing teams across sales, investment management, and compliance.
Surv Essex is proud to offer industry-leading planning drawings for a diverse range of property projects across Essex and surrounding areas. Whether it’s a new extension, loft conversion, or any other home improvement, Surv Essex is dedicated to bringing your property vision to life with detailed and precise planning drawings that meet every local council requirement.
HSBC Asset Management (HSBC AM) has appointed Pete Scott as Head of Innovation Credit as the business extends its alternatives credit capabilities through the development of its venture debt strategy.
HSBC Hong Kong, Cathay Pacific and biofuels platform EcoCeres announced a new initiative aimed at helping to decarbonize air travel by supporting the use of sustainable aviation fuel (SAF) in Hong Kong.
HSBC and the National Community Reinvestment Coalition (NCRC) announced a four-year, $25 million community growth initiative today, as part of HSBC’s broader strategy to drive responsible banking practices and promote financial equity across its U.S. footprint and designed to address concerns raised by NCRC.
HSBC’s Global Entrepreneurial Wealth Report 2024 reveals that an impressive 94% of U.S. HNW and UHNW entrepreneurs are optimistic about future business prospects, and 88% believe their wealth will grow in the next 12 months, even as markets face uncertainties.
UWG Global Reflections is proud to announce the 20th Anniversary of the World Diversity Leadership Summit (WDLS) ATHENA, taking place at the United Nations Headquarters, Delegates Room in New York City on March 25-26, 2025. This will be the first time that the conference will be held during Women’s History month, and within the Women’s history UN event calendar. Janet Salazar, WDLS Athenastrategic partner stated “The WDLS Athena’s 20 years of excellence is nowaccomplishing another great milestone, by holding the event during Women’s history month.”
HSBC, Europe’s largest bank, announced a $3 billion share buyback following an impressive third-quarter earnings report that exceeded analyst forecasts.
HSBC US Head of Wealth, Premier and Global Private Banking Racquel Oden was awarded the London Stock Exchange Group Global Executive Leader Award at the 2024 Powerlist Black Excellence Awards.
