Page 5 - Hsbc

HSBC says net profit plunged 96% in Q2 amid low interest rates, Covid-19

Europe's biggest bank, HSBC, said that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold

Covid-19 impact: HSBC H1 PBT plunges 65% to $4.32 bn on loan provisions

The profit was lower than the $5.67 billion average of analysts' estimates compiled by the bank

HSBC denies 'framing' Huawei, says it didn't participate in US legal probe

People's Daily, China's state-run newspaper, says HSBC has been 'setting traps' for the company since 2012

Indian businesses showed preparedness, resilience despite Covid-19: Report

The survey was conducted on more than 2,600 companies across 14 global markets including 200 firms from India

World coronavirus dispatch: Fresh outbreak in Beijing gathering momentum

Hundreds of flights in and out of Beijing were cancelled on Wednesday as authorities stepped up measures to rein in a sudden outbreak of coronavirus in the Chinese capital

HSBC revives plan to slash 35,000 jobs, freeze hiring to cut costs: Report

The bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo sent to the bank's 235,000 staff worldwide

Global fund managers cautious on equities; geopolitics, Covid-19 key risks

A record 78% of investors surveyed by BofA Securities believe markets are most 'overvalued' since 1998

HSBC's political tightrope act in Hong Kong opens up internal fault lines

Bank's statement on the eve of the June 4 anniversary of the 1989 crackdown in Tiananmen Square of a looming security law heightened worries among both executives and rank-and-file over staff conflict

Banks to non-profit: How Luis Miranda made connecting with people his asset

Miranda tells Anjuli Bhargava how his life has been a series of happy accidents and unexpected connections

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

HSBC files winding up plea in Singapore court against IL&FS subsidiary

As per a notice published in Singapore's government gazette on March 3, HSBC filed its application for winding up of ITNL Offshore Pte Ltd in Singapore High Court on February 27

HSBC plans to slash 35,000 jobs after profits slid by a third last year

The Asia-focused lender has been trying to lower costs as it faces a multitude of uncertainties caused by the grinding US-China trade war

Facebook, HSBC and other firms curb staff travel to China as virus spreads

The United States warned on Monday that Americans should "reconsider" visiting all of China, while South Korea elevated its travel warning on Tuesday, advising its citizens to stay away

Hong Kong's iconic HSBC lion statues caught in protest cross hairs

The lions were confiscated by Japanese during World War II and shipped to Japan to be melted down. They were rescued in 1945 from Osaka dockyard and restored to their former positions following year

HSBC draws Hong Kong protesters' ire as several branches vandalised

Hong Kong is the bank's single most important market, accounting for just over half of its $12.5 billion pre-tax profits in the first half of 2019

HSBC's private Swiss arm to pay $192 million fine in US tax evasion case

In 2002, the bank had more than 720 undeclared US client relationships with a total value of more than $800 million

HSBC swaps paper records for blockchain to track $20 bn worth of assets

The HSBC platform will digitise paper-based records of private placements, using blockchain to reduce the time it takes investors to make checks or queries on holdings

Almost all domestic firms optimistic about growth from 2020: HSBC survey

Over the next five years, half of the companies surveyed in the country are expecting sales growth of 15% or more

IIM-A kicks off summer placements, BCG top recruiter in 'Cluster 1'

In the investment banking & markets cohort, HSBC was the highest recruiter, extending eight offers

HSBC misses third quarter profit estimates; drops profitability goal

The Europe's largest lender, reporting results for the first quarter since the ouster of former chief John Flint, said adjusted pretax profit fell 12 per cent to $5.3 billion