Home Tags HSBC
SINGAPORE — Beaten-down equities in Southeast Asia have become irresistibly cheap, according to analysts at HSBC who recommend investing in Indonesia and across the...
TWO major institutions downgraded their full-year growth forecasts for the Philippines in 2020 in the wake of the 16.5% contraction in second-quarter gross domestic product (GDP), with HSBC Research pricing in what would be a record contraction for the year of 9.6%.
THE economy could shrink by 3.9% this year due to continued negative consumer sentiment and a fragile and volatile recovery from the pandemic, according to the Hongkong and Shanghai Banking Corp.’s (HSBC) private banking unit.
BANKS IN Asia’s financial hubs such as HSBC Holdings Plc and Citigroup, Inc. are finding that the disruption from the coronavirus outbreak is helping them push back on a threat from a breed of virtual upstarts.
LONDON/HONG KONG — Hongkong and Shanghai Banking Corp. (HSBC) has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that Chief Executive Officer (CEO) Noel Quinn is pressing on with plans to shake up the group despite having put a wider job cut program on hold.
HONG KONG — Hong Kong’s banks face at least two quarters of worsening asset quality and slowing loan growth as the coronavirus outbreak hits trade and consumer banking, analysts and bankers said.
UNICREDIT SPA’S Jean Pierre Mustier pulled out of the race to become chief executive officer of HSBC Holdings Plc, a rejection that adds to uncertainty at the top of Europe’s largest lender and extends the search for a new boss into its seventh month.
HONG KONG/LONDON — HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its US and European businesses — in a drastic overhaul that will mean 35,000 jobs cut over three years.
FROM ITS headquarters near the Thames to its Asian hub by the South China Sea, HSBC Holdings Plc is abuzz.
EXPERTS IN Hong Kong could be facing a dilemma unseen in more than six months of protests: How to clean a pair of iconic bronze lion statues that have stood guard over HSBC Holdings Plc’s main offices for decades as one of the city’s foremost symbols of colonial-era largess.
HSBC HOLDINGS Plc admitted that it helped hundreds of American clients hide more than $1 billion in assets from the Internal Revenue Service and agreed to pay $192.4 million to resolve a decade-long US tax investigation.
LONDON — British banking heavyweights HSBC and RBS are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups.
HSBC HOLDINGS Plc is sticking with hiring plans for its wealth business in Asia following the surprise exit of two senior executives who pushed for the strategy.
HONG KONG/LONDON — HSBC ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was necessary to accelerate progress of its strategic priorities.
SYDNEY — Australia’s banking regulator said on Wednesday it has ordered Macquarie Group Ltd. and the domestic units of Rabobank and HSBC to tighten their local funding arrangements, saying the banks had breached liquidity reporting requirements.
Philippine National Bank (PNB) president Reynaldo A. Maclang will retire from his post mid-November, to be replaced by a bank executive from a global...
HSBC (Philippines), Ltd. said its president and chief executive officer Jose Arnulfo “Wick” A. Veloso has stepped down from his position.
THE HONG KONG and Shanghai Banking Corp. (HSBC) is looking to roll out more mobile services to corporate clients in the Philippines over the coming year, following a jump in its credit card business secured through digital platforms.
FIXING HSBC Holdings Plc’s troubled US division will be one of the toughest parts of the lender’s new $17-billion strategy, Chief Executive Officer John Flint said.
GLOBAL CURRENCY traders and compliance officers who monitor them were put on high alert after a New York jury convicted a former HSBC Holdings...