Tag: banking

HSBC Holdings PLC (LON:HSBA) is in the early stages of exploring a sale of its Canadian subsidiary, according to statements from the bank quoted in media reports. Sources first told Sky News that HSBC ... ( read original story ...)

HSBC is exploring a potential sale of its Canadian operations as it faces pressure from its largest shareholder, Ping An Insurance Group, to break up its business. ( read original story ...)

HSBC has launched a strategic review of its Canadian business that could lead to a sale for up to $9bn, as the group resists pressure from its largest shareholder Ping An to split its Asian and ... ( read original story ...)

Police said on Tuesday that a 62-year-old man had been allegedly conned out of over HK$3.8 million by fraudsters posing as government officials. ( read original story ...)

Logan Wright, a Hong Kong-based partner at consultancy Rhodium Group, calls the situation a “slow-motion financial crisis”. Contagion is spreading into the deep tissue of China’s political economy. ( read original story ...)

Linklaters said Monday that it has added a new partner to its Asia restructuring and insolvency practice in Hong Kong from rival U.K.-founded law firm Allen & Overy. ( read original story ...)

The Hang Seng Index closed at an 11-year low, with losses in financials and tech, although piecemeal property measures out of Beijing temporarily boosted developers. ( read original story ...)

Hong Kong's de facto central bank bought HK$2.355 billion ($300.00 million) from the market on Monday to stop the local currency weakening and breaking its peg to the U.S. dollar.The Hong Kong dollar ... ( read original story ...)

Stocks find no traction even after a 21 per cent slump last quarter, with traders wary of losses before the market pauses on Tuesday for a holiday. ( read original story ...)

The city improved upon a 10th-place ranking in June after bourse operator Hong Kong Exchanges and Clearing’s main board saw 47 IPOs raise US$8.8 billion in the first nine months. ( read original story ...)

HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with direct knowledge of the matter. ( read original story ...)

HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with direct knowledge of the matter. ( read original story ...)

Stocks continue a slide towards the lowest level in more than 11 years. The offshore yuan trades at a record low while the HKMA intervenes to support the Hong Kong dollar peg. ( read original story ...)

The city improved upon a 10th-place ranking in June after bourse operator Hong Kong Exchanges and Clearing’s main board saw 47 IPOs raise US$8.8 billion in the first nine months. ( read original story ...)