$HSBC

HSBC has appointed a former Northern Trust executive as the head of its securities services in Luxembourg. The executive previously held senior roles at several financial institutions, including FundBank, IKANO Advisory Management, Chase Manhattan Bank, and Price Waterhouse.

Shore Capital reiterated a 'sell' rating on HSBC (HSBA, HSBC), citing a high valuation and a 1,335p target price, implying 13% downside. HSBC management reported strong trading across most businesses, healthy wealth client acquisition, and growing fee income. However, Shore Capital warned of potential future profitability challenges and an optimal but unsustainable interest rate environment.

UK Chancellor John Healey may impose a windfall tax on banks and oil companies in the October budget. The UK's top four lenders (HSBC, NatWest, Barclays, Lloyds) reported £200bn in pre-tax profits over five years. Campaigners argue the tax could fund cost-of-living support. Similar taxes in Spain, Lithuania, Czechia, and Italy raised mixed results, with some facing legal challenges and reduced effectiveness.

HSBC Bank plc issued notes under its Notes and Warrants Programme on 2 September 2026. The notes were listed on the FCA's Official List and admitted to trading on the London Stock Exchange's Main Market. The notes are not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or exemption.

Euroclear and HSBC partnered to launch AutoFX, an automated FX service for securities settlement, supporting over 30 currencies by early 2027. The service aims to streamline currency conversion for cross-border investors ahead of Europe's and the UK's transition to T+1 settlement. Euroclear will provide the settlement infrastructure, while HSBC will handle FX pricing and liquidity, offering clients an execution dashboard and intraday fixing points.

Westpac reports July's private sector credit growth slowed to 0.6% monthly, below market consensus. Housing credit, 62% of total, grew 0.5%, with investor lending falling 0.3 percentage points. Business lending offset housing slowdown. APRA data shows top 10 lenders' mortgage books grew $6B in July, with some banks reporting contractions. Equifax data indicates mortgage demand down 16.4% year-on-year.

UOB and HSBC completed live cross-border tokenised deposit transactions on Swift’s blockchain-based ledger, with UOB planning further transactions in September 2026. RBC unified its Global Transaction Banking business. TD tested tokenised payments through Project Agorá using real US dollar funds. Bank Indonesia and MAS operationalised a local currency settlement framework. Swift extended the ISO 20022 structured-address migration timeline. Mizuho filed a legal case against Radiant World amid tra

HSBC (HSBA) is among seven private equity firms bidding for a 54% stake in Nuvama Wealth (NUVA), valued at $1.8B. PAG, the owner, relaunched the sale process with Morgan Stanley and JPMorgan as advisers. Bidders submitted non-binding offers last week, with more strategic investors expected to join. The deal would also require an open offer for an additional 26% of Nuvama.

HSBC (HSBC) announced it repurchased 303,600 shares for cancellation on 31 August 2026, spending $491.5M since the buyback began on 5 August 2026. The average price per share was HK$160.4876. The company's total voting rights now stand at 17,166,691,783 shares, excluding treasury shares.

Zinc prices hit a four-year high on the LME, closing at $4,107 per ton. Stockpiles dropped 64% since December 2024, causing a physical market squeeze. Major producers like Glencore and Teck Resources reported production declines. HSBC forecasts a 2.1% global production drop in 2026. Silver and lead credits are improving mine profitability, with AISC projected to fall 6.4%. Analysts expect prices to stabilize but remain elevated.