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An update from HSBC Holdings ( (GB:HSBA) ) is now available.
HSBC Holdings plc has announced a capital reduction following shareholder approval at its Annual General Meeting. The High Court of England and Wales confirmed the cancellation of over US$16 billion from the company’s accounts, aimed at increasing distributable reserves. This move is intended to provide HSBC with greater flexibility to enhance shareholder returns through dividends and share buy-backs in the future.
More about HSBC Holdings
HSBC Holdings plc, headquartered in London, is the parent company of the HSBC Group, one of the world’s largest banking and financial services organizations. With assets totaling US$3,054 billion as of March 2025, HSBC operates in 58 countries and territories, providing a wide range of financial services to customers worldwide.
Learn more about HSBA stock on TipRanks’ Stock Analysis page.