Page 8 - Hsbc
HSBC rationalises its tech vendor list; goes big on in-house capability
HSBC's investment banking technology department has a total global headcount of around 6,500, supports 7 investment banking units
 "HSBC rationalises its tech vendor list; goes big on in-house capability")
HSBC undertakes first e-Presentation of export documents for RIL
Instead of exchanging documents under a Letter of Credit through physical movement the partners would e-present documents through a digital platform built by London-based Bolero
 "HSBC undertakes first e-Presentation of export documents for RIL")
HSBC warns of gloomy outlook in Britain, reports capital boost
Against a backdrop of shrinking profits, HSBC reports a sharp jump in its core capital ratio to 13.9%
 "HSBC warns of gloomy outlook in Britain, reports capital boost")
HSBC Q3 pre-tax profit sinks 86%
The bank's reported pre-tax profit was $843 million in the September quarter, down from $6.1 billion in the same period a year ago
Half the population in 12 countries uncertain on future: HSBC
About 49 per cent of the current generation feel they are under more financial pressure compared to 33 per cent
 "Half the population in 12 countries uncertain on future: HSBC")
See one more rate cut in December: HSBC
Commentary after the review, coupled with the minutes of MPC meeting released by RBI, has increased expectations of one more round of cut as inflation is expected to go down further but there are differing views on what stance it takes after that
Ex-Goldman Sachs recruit drives HSBC's investment banking ambitions
HSBC shares are up 16 per cent in the year to date, whereas those of Deutsche, Credit Suisse and UBS have fallen
HSBC to wind up P-note business in India
HSBC is among the top five issuers of P-notes in India with a market share of more than 6 per cent at the end of last financial year
Inflation below RBI's 2017 target, room for rate cut, says HSBC
It says inflation is likely to remain below the RBI's early 2017 target of five per cent for the next 12 months
HSBC sees room for 50 bps rate cut this financial year
Next policy review meet is scheduled to be held on October 4
HSBC revises 2016-end forecast for USD-INR to 66 from 69
Rupee is hovering around 66.86 a dollar level
 "HSBC revises 2016-end forecast for USD-INR to 66 from 69")
As long as rates can decline, valuations not a major risk: Herald van der Linde
Interview with head of equity strategy for Asia Pacific, HSBC
 "As long as rates can decline, valuations not a major risk: Herald van der Linde")
HSBC's $2.5 billion buy-back boosts shares as bank postpones profit goal
The lender's London-listed shares were trading 3.6% higher
HSBC profit falls 29% on China, Britain uncertainty
Two-thirds of HSBC's profit came from Asia, up from 62% from a year earlier
US sides with HSBC to block release of money laundering report
In the 2012, HSBC admitted to violating US sanctions laws and failing to stop Mexican and Colombian cartels from laundering money
India link in $3.5-bn forex trading fraud at HSBC
The investigation is being conducted by the FDIC's Office of Inspector General and the FBI's Washington Field Office
 "India link in $3.5-bn forex trading fraud at HSBC")
Top HSBC executive arrested in US for front-running trades
US officials also charged Stuart Scott, HSBC's former head of foreign exchange cash trading for Europe
 "Top HSBC executive arrested in US for front-running trades")
Top US officials rejected push to prosecute HSBC: Lawmakers' report
Because of concerns about the stability of the financial system
India's spectrum proceeds seen way below target at $10-$12 billion: HSBC
Cabinet has cleared the base price for the country's largest spectrum auction to date, at the approved reserve price last week
 "India's spectrum proceeds seen way below target at $10-$12 billion: HSBC")
HSBC to shake up global banking business to cut costs
HSBC said it would set up a new advisory team, combining corporate finance with mergers, acquisitions execution
