HSBC (NYSE: HSBC) cancels millions more shares in buy-back

HSBC has become the custodian, depositary, and fund administrator for Royal London Asset Management's two Ireland-based fund structures, with combined assets of £21 billion. Both companies expressed optimism about the partnership and its role in supporting future growth.

HSBC has secured a £21bn mandate from State Street for custody, depositary, and fund administration services for two Ireland-based funds. This expands a long-standing relationship with the asset management arm of the mutual, dating back 20 years.

Asian bank stocks fell sharply, led by Japanese lenders, after Bank of America warned of weaker trading and investment banking activity. Sumitomo Mitsui Financial, Nomura, and others declined. Higher yields and softer revenue trends contributed to the selloff.

HSBC (HSBC) repurchased 29.5 million shares since August 5, 2026, spending $609.6 million. On September 14, 2026, it bought 800,000 shares in the UK and 314,400 in Hong Kong, with average prices of £15.3331 and HK$164.0240 respectively. The company's total issued shares now stand at 17.16 billion.

HSBC Holdings plc issued £750 million in senior unsecured notes due 2035, with a 6.061% fixed/floating rate. The notes will be listed on the New York Stock Exchange. The offering was made under an effective shelf registration statement filed with the SEC.

HSBC is reshuffling its leadership, with Anita Mishra moving from Mumbai to London to oversee global corporate sales, and Hiren Sanghvi taking over her role in India. The bank is a major player in India's fixed income market, with significant investments in bonds. This leadership change may impact HSBC's focus on Indian debt as foreign interest grows.