by Amruth Sundarkumar | Jun 9, 2021 | Credit Ratings, Financial Institution Bonds
Moody’s downgraded HSBC Holdings’ senior bond ratings to A3 from A2. They also downgraded the Baseline Credit Assessment (BCA) to a3 from a2, subordinated debt rating to Baa1 from A3, the non-cumulative preferred stock rating of Perps issued by HSBC Capital Funding...
by bondevalue | May 28, 2021 | Banks
HSBC exited its mass market US retail banking business to focus on using capital towards their ‘international wealth clients’ across Asia. The bank will exit 90 of their 148 branches, retain a network of 20-25 branches that will be transformed into international...
by bondevalue | Apr 27, 2021 | Banks, Financial Institutions
HSBC reported solid results with Q1 adjusted profit before taxes more than doubling to $6.4bn and net profits up 82% to $4.6bn. All regions were profitable in the quarter, with HSBC particularly mentioning ‘HSBC UK Bank plc’ reporting pre-tax profits of over $1bn....
