Page 4 - Hsbc

Foreign brokerages temper return expectation from Indian equities

Goldman Sachs analysts now see the Nifty at 16,300 levels in 12 months (16,500 earlier). However, they have retained their 'overweight' stance on India for now

The big, easy 'buy' story in Asia over; remain underweight on India: HSBC

HSBC has raised their 2021 global and EM gross domestic product (GDP) forecasts to 5.6 per cent (from 4.8 per cent) and 6.6 per cent (6.1 per cent), respectively

HSBC in talks to sell French retail banking to Cerberus, says report

The planned disposal is part of HSBC Chief Executive Noel Quinn's strategy to slash costs across the banking group and Reuters previously reported that Cerberus was among two remaining bidders

Citigroup needs a new strategy for its lagging Asian consumer banks

Citi has pan-Asian heft, garnering about 30% of its revenue in the region from ASEAN nations

Global retail banking: A particular breed heading for extinction

When HSBC and Citigroup were expanding, they were offering best-in-class consumer banking. As technology improved, local rivals have overtaken them

HSBC lowers ambitions on dividends, returns after Covid-led profit fall

Citing the low interest rate environment and tough market conditions, HSBC abandoned its long-term profitability goal of achieving a return on tangible equity of 10 to 12 per cent

HSBC to announce exit from US retail banking, reshuffles top jobs

HSBC on Tuesday is set to report an expected plunge in annual profits reflecting the impact of the Covid-19 pandemic

Top headlines: SC halts Future-RIL deal, Puducherry CM loses trust vote

India is set to clear 45 investment proposals from China as border tensions ease; HSBC ups India's FY22 GDP forecast to 11.2%

HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%

Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In Korea and Malaysia, the upward revisions were marginal

Huawei takes HSBC to UK court for documents in extradition fight

Huawei took UK bank HSBC to court on Friday seeking documents the Chinese company says are key to its legal efforts to stop its chief financial officer from being extradited to the US from Canada.

HSBC inaugurates international banking unit at GIFT City in Gujarat

Global financial services major HSBC on Tuesday inaugurated its International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat.

HSBC set to face shareholder heat on fossil fuels in annual general meeting

Major HSBC shareholders are calling on Europe's biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate "ambitions" into targets

Hong Kong ex-lawmaker Ted Hui says his bank accounts have been frozen

Five accounts belonging to Hui, his wife and parents have been inaccessible since Saturday, he said in an interview with the newspaper

Scaling back global ambitions, HSBC may dump US consumer banking business

The US retreat would follow a sweeping restructuring earlier this year that called for 35,000 cuts

HSBC to accelerate restructuring plan as Q3 profit tumbles 35% due to Covid

Reported pretax profit for Europe's biggest bank by assets came in at $3.1 billion for the quarter ended Sept. 30, down from $4.8 billion in the same period a year earlier

Goldman, Citi, HSBC hit pause on UK office return after Johnson plea

Goldman Sachs is encouraging its London employees to go back to working remotely if possible, though its Plumtree Court office will remain open for those who need it

HSBC stock at lowest since 1995 on money laundering allegations

HSBC's share price fell to its lowest level since 1995, following allegations of money laundering and fears of another lockdown in Europe

Top headlines: Modi defends farm bills, HSBC, StanChart shares at 22-yr low

From PM Modi again defending farm bills amid Opposition protests, Petronet buying LNG cargo to gold smuggling dropping due to coronavirus, Business Standard bring you the top headlines of the day

HSBC, StanChart shares fall to 22-yr low on reports of illicit money flows

BuzzFeed and other media articles were based on leaked suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network

HSBC Global Research puts food delivery firm Zomato's valuation at $5 bn

Covid-19 has accelerated its path to profitability owing to lower discounts said HSBC Global Research in a report