Tag: banking

The U.S. arm of HSBC has performed very poorly in recent years, and the bank now may be thinking about selling its retail-banking and wealth-management operations. ( read original story ...)

Secondary sanctions, applied to institutions that deal with individuals targeted by the U.S. government, are powerful weapons that international lenders fear. ( read original story ...)

The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ... ( read original story ...)

Hong Kong stocks fell more than 2% on Monday on worries over Sino-U.S. tensions, although hopes for a vaccine-led global economic recovery next year, and strong China data helped the market post its ... ( read original story ...)

PetroChina launched an IPO), and was valued at $1Tn. In the next 20 weeks, the share price fell 52%. The stock never recovered. Today, PetroChina’s shares are down almost 90% from the IPO price. ( read original story ...)

The chief executive has described being subject to U.S. sanctions over undermining Hong Kong's autonomy as "very honorable" and "an honor." ... ( read original story ...)

The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ... ( read original story ...)

Hong Kong and mainland China stocks both gained, with the city's benchmark closing at a nine-month high, as an acceleration in profit growth for industrial companies added to evidence that a recovery ... ( read original story ...)

HSBC Holdings Plc is considering offloading its U.S. retail network. The bank’s management is looking at a complete withdrawal from its retail operations in the country, although a full exit from ... ( read original story ...)

Shares of HSBC Holdings have gained by almost half in the past two months as positive news about several Covid-19 vaccines has rekindled an appetite for stocks likely to pick up once the pandemic is ... ( read original story ...)

Hong Kong’s leader has said she is being forced to receive her salary in cash because of US sanctions, saying she has no access to banking services despite the prevalence of mainland Chinese ... ( read original story ...)

Hong Kong leader Carrie Lam says she has to pile up cash at home as she has been unable to open a bank account in the global financial centre since Washington sanctioned her shortly after Beijing ... ( read original story ...)

Hong Kong’s Chief Executive Carrie Lam says that she has “piles of cash” at home because she is denied basic banking services due to U.S. sanctions. In a television interview, Lam said the Hong Kong ... ( read original story ...)

Read more: Got an HSBC account? It’s time to show your support for the people of Hong Kong According to the FT, managers are likely to also recommend trimming HSBC’s investment bank client roster to ... ( read original story ...)