Tag: finance

... online banking username and password of her bank account as instructed by the swindler to prove her innocence,” a police spokesman said. Filipino, South Korean first foreigners arrested in Hong ... ( read original story ...)

Any traditional bank may, of course, launch a banking app and provide the panopoly of financial services available. Singapore, a leading Asian Fintech Hub, is a bit behind Hong Kong when it comes to ... ( read original story ...)

HONG KONG/SHANGHAI (Reuters) - The People’s Bank of China will sell 30 billion yuan ($4.26 billion) of offshore yuan-denominated bills in Hong Kong on August 14, it said on Tuesday. The PBOC is ... ( read original story ...)

(Bloomberg) -- Hong Kong’s wealthiest people are starting to feel the pain from nine weeks of protests that have jammed the financial hub’s streets, weighed on economic growth and battered ... ( read original story ...)

(Bloomberg) -- Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike on Monday after a ninth straight ... ( read original story ...)

All three note-issuing banks in Hong Kong saw their shares fall to the lowest level in three months as a citywide strike disrupted travel and violent protests continued The yuan falling below 7 per US ... ( read original story ...)

The top loser was Sun Hung Kai Properties, one of the city's largest developers. It sank 5.2%. BOC Hong Kong, a major lender owned by Bank of China, fell 3.4%. The MTR — the city's subway system and a ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC (HSBA.L) ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was necessary to ... ( read original story ...)

Hang Seng Bank reported today first half profit increased by 8 percent from the year before to HK$13.65 billion.Pre-tax profit was up by 7 percent to HK$15.89 billion from the year before. Operating ... ( read original story ...)

Hang Seng Bank, a unit of HSBC, fell 4.1% despite reporting an 8% increase in first-half net profit of 13.66 billion Hong Kong dollars ($1.74 billion). Asian equities remained under pressure ... ( read original story ...)

Flint, 51, joined HSBC in 1989 and took over as CEO in February 2018. “Timing-wise, this is strange. It’s a sudden move given the short time he’s served as the CEO,” said Alex Wong, Hong Kong-based ... ( read original story ...)

HONG KONG — HSBC announced the shock departure of Chief Executive Officer John Flint after just 18 months in the role, saying the bank needed a change at the top to address “a challenging ... ( read original story ...)

HONG KONG/LONDON: HSBC announced the shock departure of chief executive officer John Flint after just 18 months in the role, saying the bank needed a change at the top to address "a challenging ... ( read original story ...)

The lender’s shares were down 1.5% at the lunch break in Hong Kong. HSBC makes most of its money oiling the wheels of trade between East and West, and the bank has faced repeated questions about ... ( read original story ...)