HSBC Holdings slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts, including political tension in Hong Kong, the fallout of the coronavirus pandemic ... ( read original story ...)
HSBC ‘ignored warnings on US$80mn suspect payments’
HSBC has been accused of allowing international payments to accounts at its Hong Kong office that were linked to a suspected Ponzi scheme, despite ... ( read original story ...)
More new stocks please! The IPO market is getting hotter
With the presidential election looming and uncertainty growing about what will happen to the stock market and economy after that, private companies are racing to make their debuts on Wall Street. ( read original story ...)
FinCEN Files: HSBC moved Ponzi scheme millions despite warning
Britain's biggest bank moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014. Its role in the $80m (£62m) fraud is detailed in a leak of documents - banks' "suspicious ... ( read original story ...)
HSBC introduces dual currency transaction for debit cards
The new facility will offer cardholders greater flexibility and help them to carry out transactions with ease when travelling abroad ... ( read original story ...)
HSBC and Standard Chartered fear new Trump China sanctions could freeze them out of dollar
Banks are exploring contingency plans amid concerns they could be shut out of the US banking system if Trump escalates dispute with China ... ( read original story ...)
At Hong Kong’s stock exchange, a ‘moon shot’ lab imagines how technology upends the financial marketplace of the future
A Lithuanian and his band of data scientists, business analysts, software engineers are toiling away in a nondescript corner of HKEX office in Central to prepare the exchange for the future of tech ... ( read original story ...)
Hong Kong Offers a Glimpse of One Belarus Future
Two unpopular leaders, two powerful backers. Pictures this week of Belarus leader Alexander Lukashenko beaming for the cameras, leaning in eagerly to address an impassive Russian president, evoked ... ( read original story ...)
HSBC Shares Slump Below Level Last Seen in 2008 Financial Crisis
HSBC Holdings Plc slumped below its financial crisis closing low set more than a decade ago as pressures mount on several fronts, including political tension in Hong Kong, the fallout of the pandemic ... ( read original story ...)
Jack Ma’s Ant Group wins Shanghai OK for launch of giant dual IPO
China's Ant Group has received approval from the Shanghai Stock Exchange for a domestic initial public offering, the bourse said on Friday, bringing the financial technology firm closer to a ... ( read original story ...)
JD Health Plans $1 Billion H.K. IPO Filing This Month
JD Health has selected banks for its planned Hong Kong initial public offering, which it could file for as soon as this month, according to people familiar with the matter. ( read original story ...)
Hong Kong stocks fall for third week on Sino-U.S. woes, subdued cenbanks
Hong Kong stocks ended higher on Friday but posted third straight weekly drop on worries over ongoing Sino-U.S. tensions and lingering disappointment that central banks merely affirmed their monetary ... ( read original story ...)
Better Buy: Hang Seng Bank Vs. BOC Hong Kong
BOC Hong Kong can mitigate interest rate volatility slightly better by having more sources of non-interest income. ( read original story ...)
Hong Kong Formally Protests to U.S. on ‘Made in China’ Labeling
Hong Kong’s government has formally protested the Trump administration’s move to label imports from the city as “Made in China” rather than “Made in Hong Kong,” as the U.S. and China continue to spar ... ( read original story ...)