HSBC, the biggest of Hong Kong’s three currency-issuing banks, reported a better-than-expected profit in the first quarter as it seeks to fend off renewed pressure from some shareholders to split up ...
HSBC posts better-than-expected pre-tax profit of US$12.9 billion for first quarter amid pressure to split
HSBC, the biggest of Hong Kong’s three currency-issuing banks, reported a better-than-expected profit in the first quarter as it seeks to fend off renewed pressure from some shareholders to split up ...
HSBC restores quarterly dividend, sets share buyback as profit triples
It saw a 212 per cent increase in first-quarter pre-tax profit as it benefitted from rising interest rates around the world. Read more at straitstimes.com.
HSBC Profit Triples on Higher Rates, Beats Expectations
HSBC Holdings reported a 212% increase in quarterly profit on Tuesday, as it benefitted from rising interest rates around the world. Europe's largest bank posted a pretax profit of $12.9 billion for ...
Higher interest rates help HSBC triple profits and resume quarterly dividends
The UK-based bank says it has put a "provisional gain" of $1.5bn on the acquisition of Silicon Valley Bank UK, for just £1, last month.
HSBC says pre-tax profits rose to US$12.9b in first quarter
Banking giant HSBC said today that its pre-tax profits jumped to US$12.9 billion (RM57.5 billion) in the first quarter of 2023, a US$9 billion increase ...
HSBC pre-tax profits jump to US$12.9bil in Q1
HSBC has also announced a US$2 billion share buyback and its first quarterly dividend since 2019. (AP pic) HONG KONG: Global banking giant HSBC announced Tuesday a US$9-billion jump in pre-tax profits ...
‘Worst is over’, Citi official says as bank looks to increase staff in Hong Kong
Citigroup, the biggest foreign lender in Hong Kong, will increase staff at its commercial banking unit in the city by 100 to tap growing opportunities in the Greater Bay Area, according to a senior ...
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said. Mox Bank has increased its total operating income to HK$170m in 2022, from a negative HK$7.7m in 2021, according to ...
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022. Hong Kong’s livi bank has recorded a positive operating income of HK$17m in 2022, which the bank attributed to its growing portfolio of loan ...
Hong Kong economy grows 2.7% in Q1 after disastrous 2022
It ends a year-long spell in which the finance hub was effectively closed for business over pandemic restrictions. Read more at straitstimes.com.
Hong Kong Q1 GDP rebounds 2.7%, brighter outlook seen
Hong Kong's economy grew 2.7% in the first quarter of 2023, John Lee, the leader of the Asian financial hub, said in a surprise announcement ahead of Tuesday's 0830 GMT release of official data, to ...
Hong Kong Economy Grew 2.7% in First Quarter, Topping Estimates
Hong Kong’s economy expanded 2.7% in the first quarter from a year earlier after the city removed pandemic controls and the border with mainland China reopened.
Hong Kong records 2.7 percent growth in Q1
Hong Kong's economy expanded 2.7 percent in the first three months of the year following four consecutive quarters of contraction, Chief Executive ...