HONG KONG (Reuters) – The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit’s chief executive told Reuters. Antonio Simoes also said the London... More »
(Reuters) – HSBC Holdings Plc (HSBA.L) is planning to cut up to 10,000 jobs, more than 4% of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday. The plan represent... More »
HONG KONG (Reuters) – In a first of its kind initiative, HSBC Holdings Plc is backing the launch of a technology startup that aims to connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade ban... More »
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC’s (HSBA.L) new chief executive sought to cheer investors with a share buyback of up to $2 billion, even as the bank reported on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in... More »
LONDON (Reuters) – HSBC (HSBA.L) said on Monday it would create a single regional structure for its private bank in Europe which includes its businesses in the UK, Channel Islands, France, Germany, Switzerland and Luxembourg. The new structure, which will be c... More »
HSBC headquarters is seen at the financial Central district in Hong Kong, China September 6, 2017. REUTERS/Bobby Yip HONG KONG (Reuters) – A Hong Kong tribunal on Tuesday imposed a record fine of HK$400 million ($51 million) on the private banking unit of HSBC... More »
Hong Kong Chief Executive Carrie Lam speaks at the opening ceremony of Bond Connect at Hong Kong Exchanges in Hong Kong, China July 3, 2017. REUTERS/Bobby Yip China and Hong Kong launched a long-awaited “Bond Connect” scheme on Monday that links China’s $9 tri... More »
Chinese artist Ai Weiwei poses in downtown Hong Kong, China April 19, 2017. REUTERS/Venus Wu Chinese dissident artist Ai Weiwei said on Wednesday global banking giant HSBC Holdings Plc refused to open a personal bank account for him in Hong Kong for what he as... More »
People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip HSBC (HSBA.L) plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the ... More »
AIA Group Chief Executive and President Mark Tucker poses during a news conference on the company’s annual results in Hong Kong, China February 24, 2017. REUTERS/Bobby Yip HSBC Holdings Plc (HSBA.L), Europe’s biggest bank, tapped an outsider for its top job on... More »
FILE PHOTO – The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo The Hong Kong-listed shares of HSBC Holdings (0005.HK) were set to rise 0.95 percent on Monday... More »
A taxi drives past a branch of HSBC bank in London, Britain, February 9, 2015. REUTERS/Suzanne Plunkett/File Photo HSBC Holdings (HSBA.L) reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates as the British bank took h... More »
LONDON HSBC (HSBA.L), Europe’s largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year. Most of th... More »
HONG KONG HSBC Holdings (HSBA.L) beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. It said it had agreed to sell Banco Brade... More »
SAO PAULO HSBC Holdings Plc (HSBA.L) agreed to sell its Brazilian unit to Banco Bradesco SA (BBDC4.SA) for $5.2 billion, retreating from the second-largest emerging market economy after years of disappointing performance. Europe’s No. 1 bank said in a statemen... More »
ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($43 million) to settle a money laundering investigation at its Swiss private bank, a lawyer representing the North African country said on Monday. After four months of in... More »
ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($42.5 million) to settle a money laundering investigation at its Swiss private bank, Swiss newspaper SonntagsZeitung reported on Sunday. After four months of inquiries Ge... More »
