...and don't get rattled 🍿🥤

I couldn't resist, for the next 30 days there will only be spagetthi with ketchup. $HSBC (-6,75%)
$HSBA (-7,1%)

HSBC HOLDINGS $HSBA (-7,1%) announced that it repurchased a total of 3.486 million shares in the company via the UK and Hong Kong markets last Friday (28.03.2025).

In the UK market, HSBC purchased 1.9096 million shares in the company at prices ranging from GBP8.814 to GBP8.955 per share, with a weighted average price of GBP8.8858 per share.

The remainder of the shares were repurchased by the Company on the Hong Kong Stock Exchange, 1.5764 million shares of the Company, at prices ranging from HKD 89.1 to HKD 90.1 per share, with a weighted average price of HKD 89.5649 per share.

HSBC $HSBA (-7,1%) Thailand is supporting the Thai economy even in times of heightened global uncertainty, demonstrating its confidence in the country's long-term growth potential.

Despite the ongoing uncertainties, Thailand is poised to benefit from a robust infrastructure ecosystem that will sustain its economic momentum this year, said Giorgio Gamba, Chief Executive and Head of Banking at HSBC Thailand, in an exclusive interview with the Bangkok Post.

Mr. Gamba pointed to the success of a recent roadshow in China, where many foreign investors expressed interest in investing in Thailand in various industries. These investors include both existing HSBC clients looking to expand their investments as well as potential new investors who do not currently have a banking relationship with HSBC.

HSBC Thailand participated in the roadshow for five days in six cities in China over the past two weeks. This initiative was part of the bank's collaboration with the Board of Investment (BoI) following the signing of a Memorandum of Understanding (MoU) in 2024 to promote Thailand as an investment hub in Southeast Asia.

In February, HSBC Thailand signed another MoU with the Eastern Economic Corridor Office to promote global investment in the EEC project.

Through these strategic partnerships with government agencies, Mr. Gamba said, HSBC Thailand is actively supporting economic growth. The bank plans to participate in more roadshows with government organizations throughout the year to attract foreign direct investment (FDI).

"I believe that roadshows are an effective way for us to engage with our clients and help them understand the vast business opportunities in Thailand," he said.

China and Hong Kong have always been the center of growth and profit for HSBC HOLDINGS $HSBA (-7,1%) and that the Group will continue to invest and optimize the allocation of resources to continuously optimize its structure in the future, said David Liao, Co-Chief Executive of Asia and the Middle East at HSBC HOLDINGS.

However, Liao did not directly address the layoff plan, but said it would be continuously optimized depending on the impact of different departments on clients.

In addition, the Group's previously announced resource allocation of US$1.5 billion is progressing well, with further resources to be invested in asset management, international integration and capital markets in the future.

HSBC Holdings Plc $HSBA (-7,1%)Europe's largest bank, is considering outsourcing part of its large trading business, according to a Bloomberg report. Executives at the bank are finding it increasingly difficult to justify the technology investments needed to keep up with larger rivals. The report cites people familiar with the matter.

Preliminary discussions have already been held about transferring some of HSBC's bond trading order volume to an external market maker. The move could save HSBC millions of dollars in IT costs associated with running trading desks around the world.

The bank is open to partnerships with companies such as Citadel Securities and Jane Street Group. However, discussions are still at an early stage and there is no guarantee that they will lead to an agreement. Representatives from HSBC, Citadel Securities and Jane Street declined to comment on the matter.

HSBC's willingness to consider such a deal suggests that even systemically important banks with extensive Wall Street operations are struggling to make the necessary technology investments to compete effectively in the trading business.

HSBC Holdings plc $HSBA (-7,1%) has successfully issued SGD 800 million of subordinated contingent convertible bonds. The securities with an adjustable interest rate of 5.000% were issued pursuant to the terms set out in an underwriting agreement dated March 20, 2025.

The securities with ISIN XS3023923314 were issued on Monday and are expected to be admitted to the Official List and to trading on the Global Exchange Market of Euronext Dublin. This move is part of HSBC's ongoing efforts to strengthen its capital base.

The issue follows a number of regulatory and legal conditions which have been satisfied or waived pursuant to the underwriting agreement between HSBC and the lead underwriters. HSBC has clarified that these securities are not deposit liabilities and are not covered by any indemnity scheme or insurance provided by any governmental authority in the UK, US or elsewhere.

HSBC's announcement also emphasized that the securities are complex financial instruments and may not be suitable for all investors, particularly retail investors. The company emphasized that the securities have not been registered under the US Securities Act of 1933 and cannot be offered or sold within the United States or to US persons without being exempt from the registration requirements.

The Bank has also taken steps to ensure compliance with regulations, in particular those restricting the offer or sale of such securities to retail clients in the United Kingdom and the European Economic Area (EEA), in accordance with the Financial Conduct Authority's (FCA) Conduct of Business Sourcebook and the PRIIPs Regulation.

This offering is part of HSBC's US$50 billion program for the issuance of perpetual subordinated contingent capital securities as described in the Offering Memorandum and its supplements.

HSBC Holdings plc is headquartered in London and operates in 58 countries and territories, with total assets of US$3,017 billion as at 31 December 2024, making it one of the largest banking and financial services organizations in the world.

HSBC $HSBA (-7,1%) has promoted Chito Jeyarajah to Head of Investment Banking in Asia.

This is the latest key appointment at the Asia-focused bank as part of its global investment banking overhaul.

Jeyarajah, currently head of HSBC's Equity Capital Markets (ECM) business in Asia Pacific, will take up the new role from April 1, a company spokesperson confirmed to Reuters today.

He joined HSBC from Goldman Sachs in 2017 after serving as a managing director in the Wall Street bank's investment banking division.

The appointment came after HSBC announced in December that Matthew Ginsburg, a former Morgan Stanley and Barclays veteran and global co-head of investment banking, would be leaving the bank.

HSBC embarked on a major overhaul last year aimed at cutting costs and improving decision-making. This includes merging the Global Banking and Commercial Banking divisions and closing the M&A and ECM divisions in Europe and the Americas.

HSBC Holdings Plc $HSBA (-7,1%) is reportedly close to finalizing the sale of its German fund administration business to BlackFin Capital Partners. The private equity firm is finalizing terms to acquire HSBC's Inka unit, Bloomberg reported, citing people familiar with the matter. The Inka unit manages assets of around €400 billion ($436 billion).

The deal could be finalized in the coming weeks, according to the same sources, who wished to remain anonymous due to the confidential nature of the information. However, no official agreement has yet been reached.

In a separate development, BNP Paribas SA, a French bank, is reportedly in talks to potentially acquire HSBC's German custody business. Final agreements have not yet been reached for this deal either, and there could be other potential buyers for the custody business.

HSBC Holdings plc $HSBA (-7,1%) has received exemptive relief from the Hong Kong Stock Exchange allowing the bank to exceed the usual 20% limit for the issue of contingent convertible securities (CCSs) as part of its capital strategy. The approval announced today allows HSBC to apply for additional authority to issue CCSs beyond the general mandate, which is usually renewed at the company's annual general meeting (AGM).

CCSs are hybrid capital securities that convert into ordinary shares under certain conditions. They are recognized for their special regulatory capital treatment under European Union and UK law. HSBC's application complies with the Institutional Guidelines and complies with the Hong Kong Stock Exchange Rules, except for the restriction on the general mandate for non-pre-emptive issues.

The additional mandate, if approved by shareholders, will be separate from the general allotment authority. This is in accordance with the Investment Association's guidelines and the Pre-Emption Group's policy statements. The mandate will remain valid until the conclusion of the first AGM following its approval or until revoked or varied by a simple resolution of shareholders.

The waiver granted is conditional on HSBC giving notice prior to the application for the mandate. Any related announcements or circulars must clearly state that the mandate is ancillary to the general mandate under Rule 13.36(2) of the Hong Kong Stock Exchange Rules.

This strategic move by HSBC Holdings plc, which was detailed in a press release, allows the bank to potentially strengthen its capital base by issuing CCSs beyond the existing limit. This provides additional flexibility in capital management.