Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates across 64 countries with ...
HSBC silences Ping Am with bumper profit: Bank boss says tussle with Chinese investor is now closed
HSBC, led by chief exec Noel Quinn (pictured) which delivered a surge in half-year profits, spent the last year in a tussle with a Chinese insurance giant.
HSBC rides rising rates to double its income, launches $2 bln share buyback
HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates worldwide helped it more than double its income for ...
Hong Kong police arrest 43 people over 32 cases of cyber fraud totalling HK$27 million, most suspects recruited to set up bank accounts
Hong Kong police have arrested 43 people over 32 cases of cyber fraud in which victims lost more than HK$27 million (US$3.5 million) in total.
Hong Kong retail sales show 19.6 per cent rise to HK$33.1 billion in June, boosted by tourism and consumer demand
June figures mark increase in retail sales for seventh month in a row Hong Kong recorded 2.75 million visitors in June, bringing total for first six months to 12.88 million Hong Kong's retail sales ...
HSBC rides rising rates to double its income, launches $2 billion share buyback
HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates worldwide helped it more than double its income for ...
HSBC lifts outlook, launches $2 billion buyback as rising rates boost income
HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates worldwide helped it more than double income for the ...
HSBC raises outlook as profits nearly double
In a report, the Financial Conduct Authority said the nation’s top nine financial service providers, including HSBC, Barclays and NatWest, had on average “passed through only 28% of the base rate rise ...
HSBC lifts outlook, launches $2 bln buyback as profit beats forecasts
HSBC Holdings raised its key performance target on Tuesday as its first-half profit surged more than two-fold, supported by rising interest rates around the world and the planned sale of its French ...
HSBC lifts outlook, launches $2 billion buyback as profit beats forecasts
HSBC Holdings raised its key performance target on Tuesday as its first-half profit surged more than two-fold, supported by rising interest rates around the world and the positive effects of its ...
HSBC Launches up to $2 Billion Buyback, H1 Profit Beats Consensus
HSBC raised its near-term return on tangible equity goal, a key performance target, to at least mid-teens for 2023 and 2024, from a previous target of at least 12% from 2023 onwards. It reported ...
HSBC’s second-quarter profit beats estimates as it benefited from higher interest rates, cost control
HSBC’s pre-tax profit was US$8.77 billion, ahead of US$7.96 billion expected by analysts, as it benefited from a strong interest rate environment.
HSBC’s first-half profit more than doubled to US$21.7bil
HONG KONG: Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to US$21.7 billion in the first half of 2023, boosted by higher interest rates.
Barclays Reshuffles Teams as HK CEO, India Banking Head Retire
Barclays Plc is reshuffling its Hong Kong and India teams after the departures of two senior executives, according to internal memos.