Page 2 - Hsbc Bank

HSBC names company veteran Hitendra Dave as CEO of India business

Hitendra Dave is a member of Reserve Bank of India advisory committees.

HSBC withdraws from US retail banking to target rich clients, Asia

The move is part of a larger plan by HSBC to invest more in Asia, where it's focused on banking the region's wealthy

HSBC posts biggest jump since 2009 as China's Ping An Insurance buys

They were up 10.6 per cent to HK$31.20 as of 3.19 pm in Hong Kong, clawing back last week's tumble.

ED says crackdown on online betting websites found Chinese involvement

Agency seizes Rs 47 crore after searching more than 15 locations in Delhi, Gurugram, Mumbai and Pune

US says China 'bullying' UK, cites HSBC Hong Kong-related accounts

HSBC has in recent months faced mounting pressure on both sides of the Atlantic, as it attempts to balance its need to maintain access to the Chinese market

HSBC India's pre-tax profits up 9.5 per cent to $561 million for H1 2020

There was a 67 per cent growth in the allowance for expected credit losses (ECL) to $82 million during the six months as compared with July-December 2019

Covid-19 impact: HSBC warns loan losses could hit $13 bn as profit dips 65%

The bank reported a pre-tax profit of $4.32 billion for the first six months this year, lower than the $5.67 billion average of analysts' forecasts

ITAT rules in favour of HSBC Bank over interest income of Rs 1,498 cr

I-T dept had denied benefits under India-Mauritius tax treaty, said it was established for treaty shopping purpose

HSBC appoints interim boss Noel Quinn as chief executive officer

Unicredit boss Jean Pierre Mustier and incoming UBS Group Ralph Hamers were among those reported to have caught Tucker's eye

Why foreign lenders are rushing to invest in Indian retail banking space

Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals

HSBC India profit crosses $1 bn in 2019, third-most profitable in Asia

The global banking and markets segment contributed to $466 million in profits, against $387 million in 2018.

HSBC ousts CEO John Flint in shock move meant to 'speed up progress'

HSBC, which makes more than 80% of its profit in Asia, said that its global commercial banking unit head Noel Quinn will be interim chief executive

HSBC profit rise by 5%, announces $2 billion share buyback

The buyback will take the total of HSBC share buybacks since the second half of 2016 to $5.5 billion

HSBC being probed for abetting tax evasion in India, elsewhere

HSBC is accused of abetting tax evasion by four Indians and their families