BNPL Startup Tabby Prepares for IPO with Top Banks’ Help
One of the Middle East’s first fintech unicorns, BNPL startup Tabby is consulting with HSBC, JPMorgan, and Morgan Stanley ahead of its prospective IPO.
HSBC
HSBC Reportedly to Scale Back Retail Banking in Some Countries
The media has released information according to which HSBC is currently considering scaling back its retail banking operations in countries such as Mexico, Malaysia, Indonesia, and some others.
HSBC Expects S&P 500 Index to Hit 6,700
Brokerage HSBC expects the S&P 500 index to reach 6,700 by the end of next year.
HSBC Launches New Platform
HSBC has launched a platform for managing domestic and international business payment transactions.
HSBC Exec Says About AI’s Impact on Finance Sector
Edward J Achtner, the head of generative AI for UK banking giant HSBC, said that many companies have still failed to achieve tangible results in the use of artificial intelligence in their activities, despite statements about significant progress in the relevant direction.
HSBC & SBF to Help Singapore Businesses Expand to Greater Bay Area, India, and the Middle East
Due to the fresh partnership, businesses in Singapore will be able to leverage global HSBC network and solutions for international expansion and net-zero transition.
HSBC to Sell Argentina Business
The financial institution HSBC, which is based in the United Kingdom, has agreed to sell its business in Argentina.
Fintech Akulaku Secures HSBC Financing
Online lending platform Akulaku, which operates in Southeast Asia and is backed by Alibaba, secured $100 million in debt financing from HSBC, based in London.
China’s Economic Troubles Hurt HSBC
HSBC on Wednesday, February 21, published data on a significant decrease in its quarterly profit after the share of this financial institution in China’s Bank of Communications (BoCom) fell by $3 billion.
HSBC to Improve Ties With Hong Kong Unit
HSBC intends to tighten risk management in its Hong Kong unit Hang Seng Bank.
HSBC Unveils Its Transition Plan
HSBC Holdings Plc has published the first so-called transition plan in its history.
HSBC Reportedly Joins Ranks of Suitors for Tesco Banking Arm
HSBC has joined the list of financial institutions that are participating in a kind of race for the right to acquire Tesco Bank.
HSBC Completes Sale of Its French Retail Banking Business
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France.
HSBC Takes on Revolut With New App for Non-Customers
HSBC Holdings plans to release an app with which financial services consumers will be able to make international payment transactions.
Royal Bank of Canada Gets Nod for Purchase of HSBC Unit
Canada at the end of last week approved the implementation of a deal to acquire the internal unit of HSBC by Royal Bank of Canada (RBC) for $10.2 billion.
Yoti Receives Funding From HSBC
Digital identity company Yoti has received debt financing for 12.5 million pounds from HSBC and another 7.5 million pounds of convertible debt financing from existing shareholders.
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