World near peak of interest rate cycle -HSBC Australia CEO
SYDNEY (Reuters) – Central banks in the U.S. and Australia are close to pausing rate increases as they strike a balance between financial stability and inflation fighting, HSBC Australia Chief Executive Antony…
HSBC says conflict of interest probably prevents appointing Ping An to board
LONDON – HSBC is unlikely to appoint an executive of its biggest shareholder Ping An Insurance Group of China to its board due to a conflict of interest, HSBC Chief Executive Noel…
HSBC rejects demerger of Asian business, citing huge risks
LONDON/SINGAPORE – HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in its most detailed…
HSBC urged to appoint shareholder Ping An to its board
By Selena Li HONG KONG – A Hong Kong politician has urged HSBC spin off its Asia business and appoint representatives of Chinese insurer Ping An to its board, as the global…
HSBC installs Communist party committee in China brokerage unit – FT
(Reuters) – HSBC Holdings Plc has established a Chinese Communist party committee (CCP) within its securities brokerage unit in the country, Financial Times reported on Thursday, citing two people familiar with the…
HSBC in talks to sell Russian lending business to Expobank -source
LONDON – HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, as many major banks exit the country.…
Hong Kong exchange enlists HSBC, Tencent to help create carbon market
By Selena Li HONG KONG – Hong Kong’s stock exchange said on Tuesday it had enlisted banks including HSBC and companies such as China’s Tencent to help it develop a global carbon…
European equities per-share profit could drop over 6% – HSBC
(Reuters) – European equities could see a drop between 6.4% and 8.5% in earnings per share this year compared to consensus estimates of a rise of more than 11%, HSBC said on…
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others
By Selena Li HONG KONG – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s largest pension manager to run Asia’s first…
HSBC Oman to hold talks on possible merger offer from Sohar International
DUBAI – HSBC Bank Oman said on Sunday it would hold preliminary talks with local rival Sohar International Bank after the latter last week held out the possibility of a cash-and-shares deal…
HSBC leaves best lending rate unchanged at 5% despite central bank hike
HONG KONG – HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city’s central bank raising the base rate. The Hong…
HSBC weighs IPO of Indonesia business – Bloomberg News
(Reuters) – HSBC Holdings PLC is considering an initial public offering of its Indonesian business, as the bank aims to target the growing investment demand in the country, Bloomberg news reported on…
StanChart CEO says bank’s global focus still valid amid calls for HSBC break-up
By Iain Withers LONDON – Standard Chartered Chief Executive Bill Winters said the merits of a UK-based, Asia-focused bank remain valid in the face of “unpredictable” geopolitical tensions. Speaking to Reuters on…
HSBC to relocate U.S. HQ to Tishman Speyer’s The Spiral in Manhattan
(Reuters) – British banking giant HSBC Holdings Plc’s U.S. arm said on Monday it will relocate its headquarters to real estate developer Tishman Speyer’s new tower under construction in Manhattan, New York.…
HSBC buys bigger stake in its China securities venture
LONDON – HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings. The London-based bank…
HSBC and Overhaul Announce Venture Debt Financing to Fund Future Growth and Expansion Globally
AUSTIN, Texas, March 24, 2022 — Overhaul, the industry’s first and only software-based, supply-chain visibility, integrity, and security solution for leading enterprises shipping freight globally, today announced that HSBC Bank USA has…
HSBC sells Greek retail bank as it sharpens Asia focus
LONDON -HSBC announced on Monday it has agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest market Asia.…
Congress Demands Answers From CCP-Friendly HSBC Bank
Congress Demands Answers From CCP-Friendly HSBC Bank Philip Lenczycki on March 4, 2022 Following the 2019-2020 Hong Kong protests, former CEO of HSBC Asia, Peter Tung-shun Wong, supported the National Security Law,…
HSBC ‘not looking to acquire’ Citi’s Mexico consumer bank
MEXICO CITY – Executives for London-based HSBC, which controls one of the largest banking operations in Mexico, have told investors the chain is not interested in buying out Citigroup’s consumer bank in…
HSBC sees risks of wider contagion to markets from Russia-Ukraine conflict – CEO
LONDON – The boss of HSBC, one of Europe’s largest banks, said on Tuesday he was concerned about the risk of “wider contagion” for global markets from the deepening crisis in Ukraine.…
HSBC names Lim as CEO of Hong Kong business
SINGAPORE – HSBC said on Monday it has appointed Luanne Lim as the chief executive officer of its Hong Kong business, its biggest market, as the Asia-focussed bank looks to expand its…
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