Harry Wilson

London

Finance Reporter at Bloomberg News

Finance reporter @business in London. Views my own. Got a story email me at [email protected]

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Articles

HSBC Launches Trump Tariff Loan to Cover Clients’ Import Costs

1 week ago | news.bloomberglaw.com | Harry Wilson

HSBC Holdings Plc is offering a new loan product to US companies struggling to cover the cost of President Donald Trump’s tariffs that have roiled international supply chains. The London-headquartered bank said on Wednesday its TradePay platform was being extended to directly cover the cost of tariff payments, allowing importers to effectively borrow to meet the increased expenses involved in shipping products into the US.
HSBC lanza préstamo para cubrir costos de los aranceles

1 week ago | bloomberg.com | Harry Wilson

HSBC Holdings Plc está ofreciendo un nuevo producto crediticio a las empresas estadounidenses que deben cubrir el costo de los aranceles impuestos por el presidente Donald Trump, que han afectado las cadenas de suministro internacionales.
HSBC Grapples With Shortage of 7,700 Desks at New London HQ

1 week ago | bloomberg.com | Harry Wilson |Jack Sidders

HSBC is scheduled to begin moving next year to the new building on Newgate Street in central London. (Bloomberg) -- As HSBC Holdings Plc prepares to move into a new London headquarters as early as next year, executives are grappling with how to handle a more severe desk shortage than they previously anticipated in the new, smaller building.
HSBC Launches Trump Tariff Loan to Cover Clients’ Import Costs

1 week ago | bloomberg.com | Harry Wilson

A HSBC Holdings bank branch in London. (Bloomberg) -- HSBC Holdings Plc is offering a new loan product to US companies struggling to cover the cost of President Donald Trump’s tariffs that have roiled international supply chains. The London-headquartered bank said on Wednesday its TradePay platform was being extended to directly cover the cost of tariff payments, allowing importers to effectively borrow to meet the increased expenses involved in shipping products into the US.
UK Ring-Fencing Rules Prompt Rare Public Row Among Bank Bosses

1 week ago | bloomberg.com | Harry Wilson

Bank branches in Staines, UK. (Bloomberg) -- The top bosses at the UK’s biggest banks don’t often tussle in public but new proposals about the future of the country’s crisis-era ring-fencing rules have chief executives squaring off. On one side stands HSBC Holdings Plc boss Georges Elhedery along with the CEOs of several other major UK banks who say the rules are costly and limit their ability to compete.
StanChart Traders Ride Volatility to Lift Quarterly Profit

1 week ago | bloomberg.com | Harry Wilson |Denise Wee

A Standard Chartered Plc logo at their headquarters in London, UK, on Thursday, Feb. 9, 2023. First Abu Dhabi Bank PJSC is pressing ahead with a potential offer for Standard Chartered Plc, after a move to put earlier takeover plans on hold didn’t halt its ambitions to become a global financial powerhouse.
HSBC Chair Set to Bow Out After Turbulent Eight-Year Reign

1 week ago | bloomberg.com | Harry Wilson

Mark Tucker(Bloomberg) -- HSBC Holdings Plc’s chairman Mark Tucker will stand down by the end of 2025 after a turbulent eight-year tenure that has seen him oversee three changes of CEO, a clash with one of the bank’s largest shareholders and a public slap down from the US government.
HSBC Former Investment Banking Head Guyett to Exit for EBRD Role

1 week ago | bloomberg.com | Ambereen Choudhury |Harry Wilson

Greg Guyett(Bloomberg) -- Greg Guyett, the former co-head of HSBC Holdings Plc’s global investment banking arm, is set to leave the British lender within months, becoming the latest senior executive to exit in the wake of a firmwide restructuring. The former JPMorgan Chase & Co. banker will leave HSBC at the end of July before joining the European Bank for Reconstruction and Development as first vice president and head of its client services group, according to a memo seen by Bloomberg News.
Deutsche Bank, HSBC Flag Tariffs Impact as Provisions Climb

2 weeks ago | bloomberg.com | Arno Schütze |Harry Wilson

The Deutsche Bank headquarters in Frankfurt. (Bloomberg) -- First-quarter results at Deutsche Bank AG and HSBC Holdings Plc offered an early glimpse of how two of Europe’s biggest lenders are responding to the trade war hitting markets. The German lender added €70 million ($80 million) to its provisions in the first quarter specifically to reflect concerns over tariffs and the macroeconomic picture, Chief Financial Officer James Von Moltke said on an earnings call Tuesday.
HSBC Plays Down Tariff Threats With Fresh Share Buyback

2 weeks ago | bloomberg.com | Harry Wilson |Ambereen Choudhury

(Bloomberg) -- HSBC Holdings Plc said it doesn’t expect tariffs to have a major impact on its business, adding its restructuring and capital return plans remained undeterred by the uncertainty from a brewing trade war between the US and China. The London-headquartered bank on Tuesday unveiled a fresh buyback for shareholders despite an increasingly fragile geopolitical backdrop that has weighed on the global economy and markets.