Key facts: HSBC predicts Fed rate cut; shares drop 1%; Swiss bank faces talent issues

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2025.11.22 01:03
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HSBC maintains its prediction for a quarter-point interest rate cut by the U.S. Federal Reserve in December, noting a rise in the chance of rates staying the same.1HSBC Holdings saw a decline of approximately 1%, aligning with a broader trend in the banking sector, which experienced a 0.7% drop due to concerns over market conditions.2HSBC's Swiss private bank faces challenges from key departures, including interim head John Shipman to Barclays, leading to increased pay for select staff to retain talent.3

  • HSBC maintains its prediction for a quarter-point interest rate cut by the U.S. Federal Reserve in December, noting a rise in the chance of rates staying the same.1
  • HSBC Holdings saw a decline of approximately 1%, aligning with a broader trend in the banking sector, which experienced a 0.7% drop due to concerns over market conditions.2
  • HSBC's Swiss private bank faces challenges from key departures, including interim head John Shipman to Barclays, leading to increased pay for select staff to retain talent.3