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Themes ETF Trust

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Regulators are considering reducing the proposed capital requirements increase for big U.S. banks, following lobbying efforts led by JPMorgan Chase's CEO Jamie Dimon. This potential change could ease the financial burden on these banks, allowing them more flexibility in lending and investing.

Portfolio Pulse from Shanthi Rexaline

May 19, 2024 | 10:51 pm

HSBC Holdings plc (NYSE:HSBC) is selling its Argentina operations to Grupo Financiero Galicia (NASDAQ:GGAL) for $550M, including banking, asset management, and insurance sectors. The deal involves cash, loan notes, and Galicia's ADRs, with ADRs representing less than a 10% economic interest in Galicia. HSBC anticipates a $1.0 billion pre-tax loss from this sale in Q1 2024 but maintains its dividend payout ratio target and return on equity expectations for 2024. The transaction is expected to close within 12 months, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 12:43 pm

HSBC Holdings plc (NYSE:HSBC) announced the launch of a $150 million Venture Debt offering and a $1 billion ASEAN Growth Fund in Singapore, aimed at scaling high-growth companies and digital platform businesses. The offerings are designed to provide flexible financing solutions for various funding requirements and complement HSBC's existing $200 million New Economy Fund. Additionally, HSBC plans to hire about 50 more bankers in the U.S. to lend to startups, mainly in technology and healthcare. Investors can gain exposure to HSBC through Themes Global Systemically Important Banks ETF (NASDAQ:GSIB) and Avantis International Large Cap Value ETF (NYSE:AVIV). HSBC shares are down 1.34% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 27, 2024 | 11:47 am

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