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    HSBC beats estimates with 31% profit rise as costs decline

    03 May 2019

    HSBC Holdings beat forecasts with a 31 per cent rise in the first quarter profit, bolstered by a surge in income from its core Asian business due to the absence of legal and regulatory expenses borne in the year-ago quarter. Reining in costs has been one of the biggest challenges for HSBC Chief Executive John Flint

    HSBC to offer fee reductions to SMEs

    29 Aug 2019

    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 axes CEO in shock shift to speed up strategy on priority areas

    05 Aug 2019

    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.

    UAE Presidents Cup to begin in Abu Dhabi on March 12

    06 Mar 2021

    Top nationals from across the country will be competing on March 12-13 for the 9th edition of the UAE Presidents Cup sponsored by HSBC.

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

    17 Jan 2021

    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 of the Abu Dhabi Sports Council.

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    HSBC speeds up plans to axe 35,000 jobs worldwide as profits dive

    03 Aug 2020

    Europe's biggest bank said it had been hit by falling interest rates disruption caused by the coronavirus and political tensions between the US and China.

    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 trillion in suspect funds over nearly two decades.

    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 make the transition, Chief Executive Noel Quinn told Reuters.

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

    22 Apr 2021

    The nine women wore patches with the words “better broken windows than broken promises” in reference to the Suffragette movement of the early 20th century.

    HSBC and StanChart slash key benchmark rates in Hong Kong

    31 Oct 2019

    Standard Chartered and HSBC, two of Hong Kong’s biggest banks, on Thursday have slashed their key benchmark rates in the city, their largest market. The move is bracing for its first recession since the global financial crisis following months of protests that is still continuing.

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