HSBC Shelves Plans for Trading, Financing Carbon Credits [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
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Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees Trump Promises Could Have Seismic Impact on Washington Economy New York's Transit Agency Approves $9 Congestion Toll Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NY Congestion Pricing Survived a Pause. Here's What Could Kill It The decision means the bank is no longer working to build a dedicated unit focused on trading credits in the voluntary carbon market or on financing project developers who sell into the VCM, according to the people who asked not to be named discussing private information. A spokesperson for HSBC declined to comment. HSBC's carbon-desk plans were relatively short-lived. The bank explored moving into the market a couple of years ago, just as it peaked, seeking new hires to build a trading book and offer liquidity to clients. Then in 2023, the voluntary carbon market shrank by almost a quarter to roughly $1 billion as greenwashing concerns prompted companies k
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HSBC
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/19/24 - Form 8-A12B
- HSBC's page on the SEC website