HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in…
View More HSBC curbs profit and payout ambitions, targets Asia wealth
Home »
HSBC lowers ambitions on dividends, returns after pandemic-induced annual profit fall
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in…
View More HSBC lowers ambitions on dividends, returns after pandemic-induced annual profit fall
HSBC's 2020 annual profit falls 34%, lowers profitability target
FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermidHONG KONG/LONDON (Reuters)…
View More HSBC's 2020 annual profit falls 34%, lowers profitability target
Mortgage wars: HSBC offers sub-2pc rate and opens lending criteria
The mortgage rate wars have stepped up a notch with another bank offering a sub-2 per cent rate. HSBC has launched a 1.99 per cent…
View More Mortgage wars: HSBC offers sub-2pc rate and opens lending criteria
HSBC CEO faces UK questions over Hong Kong account freezes
HONG KONG (BLOOMBERG) – HSBC Holdings’s chief executive officer Noel Quinn is set to appear before the UK Parliament Foreign Affairs Committee to answer questions…
View More HSBC CEO faces UK questions over Hong Kong account freezes
HSBC's loyal Hong Kong investors find redemption in 51% share rally
HONG KONG (BLOOMBERG) – Fear of owning HSBC Holdings shares is turning into a fear of missing out on a major rally. Europe’s biggest lender…
View More HSBC's loyal Hong Kong investors find redemption in 51% share rally
HSBC Hong Kong investment units fined $450,000 for regulatory breaches
HONG KONG (Reuters) – Hong Kong’s markets regulator fined two HSBC (HSBA.L) (0005.HK) units HK$3.5 million (about $450,000) on Tuesday for regulatory breaches when placing…
View More HSBC Hong Kong investment units fined $450,000 for regulatory breaches
HSBC HK shareholders mull legal action over dividend suspension
HONG KONG (Reuters) – HSBC (HSBA.L) shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against…
View More HSBC HK shareholders mull legal action over dividend suspension
HSBC goes all-in on Asia as bank sets out on major overhaul with 35,000 jobs cuts
HONG KONG (BLOOMBERG) – HSBC, which generated about half its revenue in Asia last year, is accelerating its investment in the region even as it…
View More HSBC goes all-in on Asia as bank sets out on major overhaul with 35,000 jobs cuts
HSBC walks tricky political tightrope between Hong Kong and Beijing
HONG KONG (BLOOMBERG) – The two bronze lion statues standing guard over HSBC Holdings’ main offices in Hong Kong still bear the marks of an…
View More HSBC walks tricky political tightrope between Hong Kong and Beijing
HSBC Bank UK pension scheme agrees 7 billion sterling insurance deal
LONDON (Reuters) – The HSBC Bank (UK) pension scheme has signed a deal with The Prudential Insurance Company of America to insure around 7 billion…
View More HSBC Bank UK pension scheme agrees 7 billion sterling insurance deal
HSBC cutting 4,000 jobs as CEO makes shock exit
HSBC remains committed to its Singapore operations and will size headcount accordingly even as it cuts about 2 per cent of its workforce globally this…
View More HSBC cutting 4,000 jobs as CEO makes shock exit
HSBC says CEO John Flint steps down in surprise exit as bank faces 'challenging' geopolitics'
HONG KONG (AFP) – HSBC on Monday (Aug 5) announced its group chief executive John Flint had stepped down after less than two years on…
View More HSBC says CEO John Flint steps down in surprise exit as bank faces 'challenging' geopolitics'
HSBC directors take pension cut after investor pressure
BIRMINGHAM, England (Reuters) – HSBC’s three executive director board members have agreed a reduction in their pension allowance from 30 to 10 percent of base…
View More HSBC directors take pension cut after investor pressure