Hang Seng Bank reported a 58% increase in annual net profit, driven by higher net interest income and operating income thanks to the postpandemic economic recovery and border reopening. Net profit ...
HSBC’s $3 billion China writedown mars record annual profit
HSBC Holdings reported a record annual profit, that nonetheless came in below analysts' forecasts as the income boost from higher interest rates was offset by a hefty $3 billion charge from its stake ...
HSBC shares sink 3% after pre-tax annual profit misses estimates on impairment costs
The bank suffered a "valuation adjustment" of $3 billion on its stake in Bank of Communications, Quinn said. HSBC's Hong Kong shares reversed gains of about 1% after trading resumed, falling as much ...
HSBC 2023 earnings dragged down by China investments
HONG KONG -- HSBC Holdings reported a 78% jump to $30.3 billion in annual pretax profit on Wednesday, boosted by the completion of the sale of its French retail banking business, but was hit by ...
HSBC reports ‘record profit’ of $30.3 bn in 2023
HONG KONG, Feb 21, 2024 (BSS/AFP) - HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax profits soared by nearly 80 percent, with the banking giant also announcing further share ...
HSBC Shares Tumble After Quarterly Loss
Global banking giant HSBC lost $153 million in the fourth quarter of last year, after writing down the value of its stake in a large Chinese bank. The bank’s Hong Kong-listed shares fell around 3.4% ...
HSBC full-year profit jumps 78%, trailing estimate
HONG KONG/LONDON, Feb 21 (Reuters) - HSBC Holdings (HSBA.L), opens new tab reported a 78% jump in full-year profit, a record high gain on high interest rates, but missed forecasts as it was hit by an ...
HSBC Slips To Loss In Q4, Banking NII Rises; Sees Weak Banking NII In FY24
In Hong Kong, HSBC shares were trading at HK$63.30, up 1.04 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. HSBC Holdings NewsMORE Related Stocks ...
China CITIC Bank International to open first ESG flagship branch in Tsim Sha Tsui’s Canton Road
First bank branch in Hong Kong to utilise solar glass panels in move to promote green finance HONG KONG, Feb. 21, 2024 /PRNewswire/ -- China CITIC Bank International Limited ("CNCBI") today announces ...
HSBC pre-tax annual profit misses estimates on impairment costs; bank announces $2 billion further share buyback
HSBC's full-year 2023 pre-tax profit missed analysts' estimates on Wednesday, hit by impairment costs linked to the London-based lender's stake in a Chinese bank. Europe's largest bank by assets saw ...
Hong Kong bankers earn up to 46% more than their Singapore peers
Analysts make an average of US$92,149 (S$123,831) a year in Hong Kong, compared with US$63,305 in Singapore Read more at straitstimes.com.
Hong Kong’s crypto licensing draws local financial giants
Less than a year since the Hong Kong gave the green light to cryptocurrency exchanges, there’s been a notable rush among established financial entities and brokerage firms to secure their spot in the ...
Central Bank of Hong Kong Releases Guidance on Digital Asset Custody for Institutions
Hong Kong's central bank is releasing new guidelines for institutions interested in offering crypto custodianship services.
Lantian Takes Swipe At IPO, But Slow Growth May Dampen Its Prospects
Lantian Group has filed to list in Hong Kong, reporting its profit rose 13.8% year-on-year in the first nine months of 2023 to 44 million yuan The company is still a relative baby in China’s ...