HSBC has confirmed that its head of banking for Europe and the Americas, Gerry Keefe, has resigned, marking another senior departure as the lender continues its global restructuring.

HSBC has reduced its exposure to U.S. equities while increasing allocations to Europe and emerging markets, saying its tactical asset allocation remains “firmly risk-on.”

HSBC Holdings lifted a key earnings target after its annual profit beat expectations, signaling confidence in further growth following a major bank overhaul.

American Patrick Kypson secured the biggest victory of his career on Monday at the Abierto Mexicano Telcel presentado por HSBC, upsetting second seed Alex de Minaur 6-1, 6-7(4), 7-6(4) to advance to the second round in Acapulco.

HSBC is opening an asset management business in the UAE, launching 10 onshore funds to tap into the Gulf country’s growing wealth, the bank announced on Monday.

HSBC Holdings is preparing to pay around $300 million to settle a French criminal investigation into its alleged involvement in the “Cum-Cum” tax scandal.

HSBC Holdings has confirmed that interim chairman Brendan Nelson will assume the role permanently, seven months after the Asia-focused bank began searching for a replacement for former chair Mark Tucker. The move comes as a surprise to some investors, despite Nelson expressing earlier that he did not intend to take on the chairman role for six to nine years at this stage in his career.

Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), is revising plans for its HSBC skyscraper in Canary Wharf to retain more office space.

HSBC has appointed Steve Hughes as the new CEO and head of Banking for Australia and New Zealand, effective January 1, 2026, the bank announced Thursday.