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HSBC will occupy over 40,000 sq ft at Capitol Centre in Hong Kong starting May 2026, signing a five-year lease with an option to renew. This move marks HSBC as the first non-fashion long-term tenant since 2008, joining other finance firms expanding in the city. Current tenant Chanel's lease expires in May 2025. HSBC declined to comment on the space's use.
The 10-year Bund yield was higher. HSBC expects the trend of steeper government bond curves to continue in the eurozone.
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HSBC Holdings PLC sold 39,009 shares of Cadence Bank, reducing its stake by 13.2% in Q2. Cadence Bank's stock opened at $41.84, with a 12-month high of $41.88. Analysts have downgraded the stock to 'Hold' with a target price of $42.33. Cadence Bank reported Q3 earnings of $0.81 per share, beating estimates. The dividend yield is 2.6%.