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HSBC Holdings plc (0005.HK)

HKSE - HKSE Delayed price. Currency in HKD
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46.900-0.400 (-0.85%)
At close: 04:08PM HKT
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  • Reuters

    HSBC resigns as LME member after exiting industrial metals

    LONDON (Reuters) -HSBC has resigned its membership in the London Metal Exchange, the LME said on Friday, after the bank decided to close its industrial metals business two years ago. The exchange, the world's oldest and largest market for industrial metals, said in a notice that HSBC Bank plc had resigned from both the exchange and its clearing house effective on Friday. The bank was a small player in industrial metals, but told Reuters in July 2020 that returns were too low to justify continuing the business.

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    Canadian Imperial (CM) Stock Dips as Q4 Earnings Decline Y/Y

    Canadian Imperial (CM) records a rise in revenues and expenses in the fourth quarter of fiscal 2022 (ended Oct 31).

  • Reuters

    Exclusive-HSBC cutting 200 senior operations managers in global cost drive -sources

    HONG KONG/LONDON (Reuters) -HSBC is cutting as many as 15% of its 2,000 senior operations managers worldwide, as it attempts to streamline its management ranks and reduce costs, two sources with knowledge of the matter said. The global job cuts at the London-headquartered bank will fall across several business units and geographical locations and result in the loss of at least 200 positions, mostly with the title of Chief Operating Officer (COO), the sources said. HSBC, which used to position itself as the world's local bank, employs many COOs because country and business lines have their own separate COO, the sources said.