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The Latest Breaking News from HSBC

Stock Index Futures Slip as Valuation and Economic Concerns Persist, U.S. Confidence Data on Tap

December S&P 500 E-Mini futures (ESZ25) are down -0.26%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.30% this morning, extending yesterday’s losses as investors remain concerned about weak labor market data and lofty tech valuations.

Barchart

BoE Rate Decision Deepens UK Mortgage Divide Between Fixed and Tracker Borrowers

The Bank of England's rate hold creates winners and losers among UK mortgage borrowers, as lenders cut fixed rates but tracker customers miss out on immediate relief.

International Business Times UK

HSBC waters down 2030 climate targets for polluting sectors

The UK’s biggest lender released an update on its climate policies on Thursday.

Evening Standard

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Some ‘good news’ for mortgage borrowers despite base rate left on hold

Several lenders have been cutting their mortgage rates in recent days.

Evening Standard

Some ‘good news’ for mortgage borrowers despite base rate being maintained

Several mortgage lenders have launched new rates this week

The Independent UK

WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with an HK IPO

CEO Tony Han talks about Chinese investors, self-driving cars as a social good, and why companies like Uber are turning to Chinese robotaxi partners.

Fortune

Amazon: Breakout Confirmed—Here’s Where It Could Go Next

Amazon’s move above $240 looks like a classic breakout. With strong earnings, AI tailwinds, and bullish analysts, this rally could easily top $300.

MarketBeat

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Competition in mortgage market ramps up as lenders unveil new rates

Lloyds and Halifax launched some new rates on selected direct mortgage products, with some other lenders also unveiling rate changes this week.

Evening Standard

New mortgage offers include interest-only deals and mortgage loans at 6.5 times income

HSBC UK said the new limit reflects its confidence in the financial resilience of its Premier customer base and a commitment to responsible lending

Evening Standard

New mortgage price war breaks out amid property market torpor

Some City analysts believe another rate cut from the Bank of England could come as soon as next week

Evening Standard

What Are Wall Street Analysts' Target Price for Cisco Systems Stock?

Cisco Systems has outpaced the broader market over the past year, and analysts remain optimistic about the stock’s prospects.

Barchart

HSBC Sets Aside $1.1 Billion Following Luxembourg Court Ruling in Madoff Case

HSBC sets aside $1.1B after Luxembourg court partially upholds Madoff-related claims, warning the legal battle could take years to resolve, impacting profits and highlighting ongoing risks.

International Business Times UK

William Hill owner cheers ‘good progress’ as sports betting boosts revenues

The figures come around two weeks after the company said it was considering store closures if it is hit by higher taxes at next month’s Budget.

The Independent UK

HSBC sees 14% profit drop after provision hit from Madoff lawsuit

The earnings come after the bank said on Monday it would set aside $1.1 billion to cover litigation by investors who lost money in the Madoff fraud scandal.

Euronews

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Evening Standard

HSBC profits slump 14% after Madoff legal hit

The lender reported pre-tax profits of 7.3 billion US dollars (£5.5 billion) for the third quarter, down from 8.5 billion US dollars (£6.4 billion).

The Guardian - UK

HSBC warns it could take years to settle Madoff case as bank takes $1.1bn hit

Lawsuit over Ponzi scheme drags on London-headquartered lender, whose profits plunge by 14%

The Guardian - UK

Stock markets rise to record highs and Apple touches $4tn market value for first time – as it happened

UK chancellor confident of Gulf trade deal, as she faces £20bn-plus hit to public finances from UK productivity downgrade

Evening Standard

HSBC announces £898m drop in quarterly profits

The announcement comes a day after the banking giant revealed it will set aside £826m following a court ruling.

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news in one place.

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Barchart

AMD Stock Just Got a New Street-High Price Target. Should You Buy AMD Stock Now?

Chipmaker AMD received a Street-high price target after its OpenAI deal.

Barchart

Nvidia Stock Just Got a New Street-High Price Target. Should You Buy NVDA Now?

The king of AI chips just got a new vote of confidence from HSBC. But does that make NVDA a must-own name?

The Independent UK

Boost to homeowners as four major lenders lower mortgage rates

Barclays and HSBC are among those lowering rates on existing deals

Evening Standard

HSBC takes £826m hit after Madoff fraud ruling

The London-headquartered lender will put by the provision in third quarter results due to be published on Tuesday.

Euronews

HSBC taps new CEO for UK division amid its biggest shake-up in 10 years

HSBC has named former NatWest executive David Lindberg as CEO of its UK ring-fenced bank, part of a sweeping restructuring aimed at streamlining operations and sharpening its customer focus.

Evening Standard

Former NatWest executive David Lindberg appointed HSBC UK boss

Mr Lindberg, who was NatWest’s chief executive of retail banking until earlier this year, will take up the role on December 8.

International Business Times UK

Gold Price: Is US Economy On The Brink? Shocking $4,300 Leap Sparks Global Panic And Investor Frenzy

Gold surged past $4,300/oz in a record rally, stoking fears about the US economy and sending global markets scrambling for safe-havens amid mounting credit and Fed uncertainty.

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