Page 3 - Hsbc

HSBC-backed B2B digital platform Serai looks to broaden India play

HSBC-backed firm says it has been able to catch the eye of some mid-cap firms as well

StanChart Q3 profit doubles as bad loans shrink, trade finance booms

Standard Chartered rode a recovery in pandemic-hit markets to post a stronger-than-expected pre-tax profit for the third quarter on Tuesday

China was never before this cheap in comparison to India, says HSBC

The global brokerage joins slew of others such as UBS, Nomura and Jefferies to increase its weight on China citing easing of headwinds and attractive valuations

HSBC bucks China property worries with 74% profit jump, $2 billion buyback

The British lender reversed potential credit losses it had previously expected due to pandemic-induced defaults

'New Economy' firms to be India's growth engine, says HSBC

The two new economic engines stand to gain from India's large, young labor force, as well as from global changes, HSBC analysts said in a report to clients.

HSBC Asia appoints ex-SBI chief Rajnish Kumar as an independent director

Rajnish Kumar retired in October 2020 after a 40-year career at SBI

RBI okays Hitendra Dave as HSBC India head for three years starting Aug 24

Dave is a General Manager within the HSBC Group and a member of the Asia Pacific Executive Committee of HSBC

Amid HK turbulence, HSBC buys AXA Singapore for $575 mn to grow Asia wealth

The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 million, according to a statement.

Return of the fat cats? Europe's bank bonuses rise as profits rebound

Banks have added billions of dollars to bonus pools as they try to reassure restless staff they will be rewarded in 2021 after a lean 2020.

HSBC sees 19% downside in Zomato stock; cuts rating to reduce

As life normalises post-COVID, HSBC predicts a sharp growth in volumes, led by office orders coming through. However, that would also mean AOVs moderating

SBI, Axis, HDFC Bank top go-to lenders for Indian Inc during Covid: Report

Companies say digital infra provided by Indian banks and faster loan and account documentation helped them during crisis.

Huawei CFO not allowed to use HSBC documents in US extradition case

A Canadian judge has denied Huawei Chief Financial Officer Meng Wanzhou's application to add a trove of documents her legal team received from HSBC as evidence to her US extradition case

Investors say banks must toughen climate policies or face AGM rebellion

Investors managing $4.2 trillion on Wednesday called on some of the world's biggest banks to toughen their climate and biodiversity policies or risk rebellions at their next annual meetings

Indian stock market valuation a concern, FDI flows likely to continue: HSBC

FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC

HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class

The London-based bank has outlined ambitious plans to expand in wealth management, particularly in China.

Banking giant HSBC exiting US retail banking to focus on wealth management

HSBC says it is closing its US retail banking business in order to refocus its efforts on wealth management

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 Q1 profit rises 79% as Covid vaccine rollout sparks cautious optimism

Bank releases $400 million of provisions on improved outlook; lender unlikely to repeat level of writebacks through 2021, says CFO

Climate activists shatter 19 windows at HSBC HQ in London's Canary Wharf

The activists referenced the struggle of the Suffragettes who used direct action to fight for votes for women in the early 20th Century.

HSBC top staff to hot desk at London HQ as bank scraps executive floor

CEO Noel Quinn and other senior managers have been kicked out of their offices on the 42nd-floor.