Pedestrians outside a branch of HSBC in Hong Kong. Agence France-Presse
HSBC would offer rebates and fee reductions for small and medium-sized companies in Hong Kong, as the city’s economy struggles. Hong Kong is on the verge of its first recession in a decade, weighed down by the prolonged US-China trade war
HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe’s biggest bank said was needed to speed up progress on priority areas such as the turnaround of its US business.
The launch of new online-only banks in Hong Kong is expected to be delayed in part due to anti-government protests in the city, people with direct knowledge of the matter said.
Confirmation of a new Brexit deal sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak, before familiar doubts about British parliamentary support for the agreement hauled them back.
Emirates NBD Bank on Thursday announced that it proposes to raise Dhs6.45 billion via a rights share offering to strengthen its capital base and support the future growth of the business.
The Abu Dhabi National Oil Company (Adnoc), Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding, MoU, to engage in a joint feasibility study to further evaluate a collaboration