The HSBC board has “moved on” from exploring selling its Asian business in a move that would have kowtowed to its largest shareholder, the bank’s chief executive said today. Speaking at the Financial ...
HSBC cutting 200 senior operations managers in global cost drive -sources
HSBC is cutting as many as 15% of its 2,000 senior operations managers worldwide, as it attempts to streamline its management ranks and reduce costs, two sources with knowledge of the matter said. The ...
HSBC chief denies Beijing is behind Ping An push to split bank
HSBC chief executive Noel Quinn has denied that Ping An’s campaign to break up the bank is directed from Beijing and said the Chinese insurer’s demands are not backed by other ...
HSBC CEO ratchets ups cost-cutting target for next year
HSBC has identified $1.7 billion of extra costs that can be stripped out next year, Chief Executive Noel Quinn said on Friday, as the bank battles to improve returns amid calls for it to be broken up ...
Hong Kong finance chief upbeat on city’s medium, long-term growth despite weak economy, points to ‘lots of inquiries’ on talent scheme
Paul Chan says at economic forum that city's popularity and wealth will 'flourish' in coming years under new talent programmes He argues recent mega events such as a financial summit and the Rugby ...
Alibaba, Nio Soar Over 7%: Powell’s Speech Fires Up Hang Seng After Strong Wall Street Close
Hong Kong stocks soared on Thursday with the benchmark Hang Seng opening 2.47% higher following Federal Reserve Chair Jerome Powell’s speech that indicated the central bank may slow the pace of rate ...
HSBC names new marketing head for wealth and personal banking
Subscribe to our Telegram channel for the latest updates in the marketing and advertising scene. HSBC has appointed Cheuk Shum (pictured) as new head of marketing for wealth and personal banking.
HSBC to shut down 114 branches in UK from April as people shift to online banking since pandemic
With people changing their preferences for using a bank, several bank branches have few customers using them. The drastic fall in the number of customers for physical banking has forced Hongkong and ...
HSBC to close a quarter of British branches as fewer customers use physical locations and go digital
London-based lender to close 114 branches in its second-biggest market Footfall has fallen by half in 74 per cent of the branches set to close, HSBC says HSBC plans to close about a quarter of its ...
HSBC investors cheer $10bn deal to sell Canada unit
HONG KONG -- Investors on Wednesday backed HSBC Holdings' planned $10.1 billion sale of its Canadian business as part of an international pullback by the bank, which faces pressure to focus on Asia to ...
Bank of Japan zavede digitální jen v roce 2023
Bank of Japan ( BoJ) údajně hodlá v roce 2023 vydat experimentální verzi digitálního jenu. Na vývoji digitální měny centrální banky ( CBDC) prý BoJ spolupracuje se třemi velkými japonskými bankami a z ...
Swiss crypto bank SEBA Bank expands to Hong Kong
Swiss crypto bank SEBA Bank announced on Wednesday the opening of its Hong Kong office to serve global institutional clients as part of its Asia-Pacific expansion. See related article: Hong Kong said ...
China’s Sunshine Insurance targets up to $950 mln in HK IPO
China's Sunshine Insurance launched on Wednesday a Hong Kong initial public offering (IPO) to raise up to $950 million in a deal that would be the second-largest new share sale in the city in 2022.
China, Hong Kong stocks mixed on COVID easing hopes, weakening PMI data
China stocks move higher in a choppy session on Wednesday, while Hong Kong shares were mixed, as investors clung to hopes that China will soon reopen its economy, despite rising COVID cases.