British banker Rurik Jutting guilty of 2 grisly Hong Kong murders

A Hong Kong jury has convicted a British banker on two counts of murder in the 2014 killings of two Indonesian women in a gruesome case that shocked the Chinese financial hub. The nine-person jury returned their unanimous verdicts in the High Court on Tuesday. ( read original story ...)

HSBC's strong core capital ratio boosts dividend outlook

HONG KONG HSBC Holdings (HSBA.L) on Monday posted a sharp jump in its core capital ratio to 13.9 percent at the end of the third quarter, even as reported pretax profit dropped sharply, bolstering the outlook for near-term dividend payments. The surge in ... ( read original story ...)

HSBC third-quarter pretax profit sinks 86 percent

HONG KONG HSBC (HSBA.L) reported a worse-than-expected 86 percent fall in pretax profit for the third quarter, as it accounted for the $1.7 billion in loss resulting from the sale of its Brazilian unit and adverse foreign currency movements. The bank's ... ( read original story ...)

HSBC Q3 pretax profit sinks 86 percent

HONG KONG (Reuters) - HSBC (HSBA.L) reported a worse-than-expected 86 percent fall in pretax profit for the third quarter, as it accounted for the $1.7 billion in loss resulting from the sale of its Brazilian unit and adverse foreign currency movements. ( read original story ...)

HSBC says profit up as cost-cutting advances

HONG KONG - HSBC Corp. says its latest quarterly profit rose nearly 7 per cent over a year earlier as the global bank cut costs and revenue rose. HSBC said Monday that its third-quarter profit was $5.6 billion. Revenue rose 2 per cent to $12.8 billion. ( read original story ...)

Retail Banking Country Snapshot: Hong Kong

Publisher's "Retail Banking Country Snapshot: Hong Kong 2016" reviews the retail banking sector in Hong Kong, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from ... ( read original story ...)

Shares of Standard Chartered in Hong Kong drop to two-week low

The bank no longer has an IPO sponsorship license in Hong Kong. Standard Chartered said it has spent $2.1 billion on restructuring since last November. Standard Chartered is getting rid of loans that were made in the past but are now outside a new risk ... ( read original story ...)

SFC turns up heat on HK IPOs with bank probes

The Hong Kong Securities and Futures Commission has fired a warning shot at banks, with both Standard Chartered and UBS being investigated for their roles as IPO sponsors. The move has left other banks wondering which one will be next and comes at a time ... ( read original story ...)