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Europe’s biggest bank reports a 92% surge in quarterly profit

21 Feb 2023

HSBC dampened investors’ expectations of a sustained income bonanza from rising global interest rates, even after Europe’s biggest bank reported a 92 per cent surge in quarterly profit and pledging...

HSBC makes surprise succession move

25 Oct 2022

HSBC named Georges Elhedery as its new chief financial officer on Tuesday in a surprise move that puts the former head of its investment bank in pole position to eventually...

Aldar, HSBC sign Dhs300 million deal to secure sustainability-linked loan

04 Jul 2021

Business Bureau, Gulf Today Aldar Properties has signed a Dhs300 million facility with HSBC that links the interest margin payable under the facility to achievement of sustainability targets. The...

HSBC takes $2.3 billion hit with sale of French retail bank

18 Jun 2021

HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 billion for the British bank...

9 women smash windows of HSBC headquarters in London, saying ‘investing in fossil fuels is murder’

22 Apr 2021

Gulf Today Report Extinction Rebellion protesters smashed windows at the HSBC headquarters in London on Thursday morning, the climate activist group said. The Earth Day protest was staged to...

UAE Presidents Cup to begin in Abu Dhabi on March 12

06 Mar 2021

Gulf Today, Staff Reporter T op nationals from across the country will be competing on March 12-13 for the 9th edition of the UAE Presidents Cup sponsored by...

UAE's top golfer Skaik to play alongside major winners and Ryder Cup stars

17 Jan 2021

Gulf Today, Staff Reporter The UAE’s top-ranked golfer Ahmad Skaik will compete at this year’s Abu Dhabi HSBC Championship having received the UAE National Amateur invite on behalf...

HSBC to revamp business model

28 Oct 2020

HSBC Holdings signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based businesses. Reporting a...

HSBC targets zero carbon emission

09 Oct 2020

HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients...

Global banks ‘transferred’ over $2 trillion of suspicious money

21 Sep 2020

Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2...

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