HSBC Holdings reported a 212% increase in quarterly profit on Tuesday, as it benefitted from rising interest rates around the world. Europe's largest bank posted a pretax profit of $12.9 billion for ...
Higher interest rates help HSBC triple profits and resume quarterly dividends
The UK-based bank says it has put a "provisional gain" of $1.5bn on the acquisition of Silicon Valley Bank UK, for just £1, last month.
HSBC says pre-tax profits rose to US$12.9b in first quarter
Banking giant HSBC said today that its pre-tax profits jumped to US$12.9 billion (RM57.5 billion) in the first quarter of 2023, a US$9 billion increase ...
HSBC pre-tax profits jump to US$12.9bil in Q1
HSBC has also announced a US$2 billion share buyback and its first quarterly dividend since 2019. (AP pic) HONG KONG: Global banking giant HSBC announced Tuesday a US$9-billion jump in pre-tax profits ...
‘Worst is over’, Citi official says as bank looks to increase staff in Hong Kong
Citigroup, the biggest foreign lender in Hong Kong, will increase staff at its commercial banking unit in the city by 100 to tap growing opportunities in the Greater Bay Area, according to a senior ...
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said. Mox Bank has increased its total operating income to HK$170m in 2022, from a negative HK$7.7m in 2021, according to ...
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022. Hong Kong’s livi bank has recorded a positive operating income of HK$17m in 2022, which the bank attributed to its growing portfolio of loan ...
Hong Kong economy grows 2.7% in Q1 after disastrous 2022
It ends a year-long spell in which the finance hub was effectively closed for business over pandemic restrictions. Read more at straitstimes.com.
Hong Kong Q1 GDP rebounds 2.7%, brighter outlook seen
Hong Kong's economy grew 2.7% in the first quarter of 2023, John Lee, the leader of the Asian financial hub, said in a surprise announcement ahead of Tuesday's 0830 GMT release of official data, to ...
Hong Kong Economy Grew 2.7% in First Quarter, Topping Estimates
Hong Kong’s economy expanded 2.7% in the first quarter from a year earlier after the city removed pandemic controls and the border with mainland China reopened.
Hong Kong records 2.7 percent growth in Q1
Hong Kong's economy expanded 2.7 percent in the first three months of the year following four consecutive quarters of contraction, Chief Executive ...
Hong Kong’s residential mortgage loans in red decreases to HK$34.4b
March, lower than the over 12,000 cases in 2022. The number of residential mortgage loans (RMLs) in negative equity in Hong Kong totalled 6,378 cases at end-March, according to a survey conducted by ...
Asia Stocks Rise on Hong Kong; Traders Wait on Fed: Markets Wrap
Asian stocks rose as trading resumed in most of the region’s markets following a holiday on Monday. Investors are weighing JPMorgan Chase & Co.’s purchase of First Republic Bank along with ...
Richard Li-Backed Venture Firm Flags Hong Kong Crypto Potential as US Clamps Down
CMCC Global, a venture capital company focused on blockchain technology, said the US digital-asset crackdown is opening up opportunities for Hong Kong as the city strives to become a crypto hub.Most ...