Tag: finance

HONG KONG (Reuters) - HSBC Holdings’ (HSBA.L) pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following U.S. tax changes. ( read original story ...)

Hong Kong: HSBC Holdings’ 2017 pre-tax profit rose 142 percent as the lender avoided the multi-billion dollar restructuring costs that marred its 2016 results but the profit growth lagged expectations as it took a writedown following U.S. tax changes. ( read original story ...)

HONG KONG (REUTERS)- HSBC Holdings' pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following US tax changes. Europe's biggest ... ( read original story ...)

Outgoing HSBC Group chief executive Stuart Gulliver drew a salary package of £6.08 million (HK$66.05 million) in 2017, compared with £5.67 million in the year before. The package includes a base salary of £1.25 million and an annual bonus of £2.12 ... ( read original story ...)

Profit before tax up 13% to HK$115,619m (HK$102,707m in 2016) Attributable profit up 13% to HK$88,530m (HK$78,646m in 2016) Return on average ordinary shareholders' equity of 13.7% (13.0% in 2016) Total assets up 5% to HK$7,943bn (HK$7,549bn at 31 December ... ( read original story ...)

It also has a museum area that will tell the history of Hong Kong’s stock market, which started trading in 1891. ‘Red debut’: HSBC and Hang Seng Bank results expected to lead stocks up on first day of Year of the Dog The connect hall has been built ... ( read original story ...)

HSBC, Hong Kong’s largest bank, will report a slight increase in its full-year profit on Tuesday, analysts said, as rising interest rates push its revenue higher, particularly in Hong Kong. A poll of analysts by Thomson Reuters expects the bank to post a ... ( read original story ...)

It is budget time. In what has become an annual ritual, the financial secretary has urged the public to give him ideas for a good financial plan of action. And, Paul Chan Mo-po is right: this year, more than ever, he can afford to be bold and creative. ( read original story ...)

MUMBAI: Hong Kong’s central bank, the Hong Kong Monetary Authority, has begun questioning branches of Indian banks located there about the developments involving the Rs 11,300-crore Punjab National Bank fraud, said two senior bank officials who did not ... ( read original story ...)

Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income, amid stronger profits for Hong Kong banks across the board. A poll of analysts conducted ... ( read original story ...)

New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)

New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)

according to the Hong Kong Monetary Authority. What is changing is that some bank customers are willing to accept notes that are not newly printed, with about half ready to accept used banknotes in good condition for their lai see packets. “Since 2006 ... ( read original story ...)

HONG KONG, CHINA -- February 15, 2018 -Citi Hong Kong was named "Digital Bank of the Year" and swept top awards across every banking category at The Asset Triple A Digital Awards 2017 in Hong Kong. The Citi Mobile App has earned Citi numerous accolades ... ( read original story ...)