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 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.
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.
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.
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 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 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.
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.
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.