HSBC Holding News

Hudson's Bay Company announced today that it will release its financial statements for the fiscal quarter ended May 4, 2013 on June 12, 2013.

PLC said Monday that John Thornton, a director who played a pivotal role in a 2010 power struggle at the bank, will step down this month to spend more time on other business interests.

HSBC Holdings PLC Chairman Douglas Flint said Monday that it's premature to review its decision to be based in London before global regulations are settled.

Banking and financial services provider HSBC Holdings PLC , said Monday that John L. Thornton has decided not to seek re-election to the board of HSBC at the Annual General Meeting on May 24, and to resign his Chairmanship of HSBC North America Holdings Inc.

Bank of Shanghai may have been HSBC's original mainland partner, but Stuart Gulliver seems happy to snub it for a more recent tie-up George Chen is currently the financial services editor at the South China Morning Post.

HSBC traded up 0.75% on Wednesday, hitting $57.57. HSBC has a 1-year low of $38.56 and a 1-year high of $57.59. The stock's 50-day moving average is currently $54.06. The company has a market cap of $215.1 billion and a price-to-earnings ratio of 11.98. The company also recently announced a quarterly dividend, which is scheduled for Thursday, July ... (more)

HSBC, the bank chaired by Glaswegian Douglas Flint, has unveiled plans for a further 14,000 job losses in a new cost-cutting drive aimed at saving $2 billion to $3bn a year.

Sir John Bond was today ejected as chairman of FTSE 100 mining giant Glencore Xstrata, only minutes before he was due to run its first annual meeting following the $67 billion merger.

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The logo of HSBC bank is seen at its office in the Canary Wharf business district of London April 1, 2013.

HSBC Holdings PLC said Wednesday it plans to further cut costs of US$2 billion to US$3 billion via streamlining processes and procedures by 2016.

's stock had its "conviction-buy" rating reiterated by investment analysts at Goldman Sachs in a note issued to investors on Tuesday, Stock Ratings Network.com reports.

Financial services company HSBC Holdings PLC Tuesday said it may sell HSBC Private Bank SA following recent unsolicited expressions of interest in the business.

The unit is located within the Village Community Centre at Arabian Ranches, HSBC said.

Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a "buy" rating on shares of HSBC in a research note to investors on Wednesday, May 8th.

HSBC Holdings PLC could announce more job cuts on Wednesday, when investors will be told that Chief Executive Stuart Gulliver will push ahead with plans to produce a leaner, more streamlined bank, U.K. daily The Independent reported on its website Sunday without citing specific sources.

HSBC opened at 56.52 on Wednesday. HSBC has a 52-week low of $38.56 and a 52-week high of $57.39. The stock's 50-day moving average is currently $53.54. The company has a market cap of $207.8 billion and a price-to-earnings ratio of 15.28. Other equities research analysts have also recently issued reports about the stock.

's stock had its "buy" rating reiterated by equities research analysts at Nomura in a research note issued to investors on Wednesday, Analyst Ratings Network reports.

Fitch Ratings says HSBC Holdings PLC's latest results highlight the benefits of its global operations.

Russian floors saw slight growth at the start of Wednesday trading - investors expect the upward trend to continue later in the day, but estimate that foreign markets will mostly trade flat.