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# HSBC

Curated News, Articles & Videos about 'HSBC', for events happening around the globe and reported worldwide by trusted media sources.

Curated News, Articles & Videos about 'HSBC', for events happening around the globe and reported worldwide by trusted media sources.

News  »  World  /  China

Huawei’s CFO Meng Wanzhou takes HSBC to court in Hong Kong to ...

Huawei Technologies’ chief financial officer Meng Wanzhou has taken HSBC to court in Hong Kong to seek access to documents relating to her extradition case, days after the request was rejected by a London court. The application at the High Court ...


News  »  Business

HSBC to hire 5,000 wealth planners as it increases investment,...

HSBC wants to bolster its position as top bank for high net worth and ultra high net worth clients in Asia, investing US$3.5 billion and hiring more than 5,000 people in its wealth management business over the next five years as it doubles down on...


News  »  Top Stories  /  India

HSBC's 2020 India PBT inches up to $1.024 bn

Foreign bank HSBC on Tuesday reported a 1.78 per cent increase in its profit before tax from (PBT) India in 2020 at USD 1.024 billion, to emerge as the third most profitable for the lender after Hong Kong and mainland China. The profit growth cam...


News  »  Top Stories  /  India

HSBC India profit up despite higher provisions

Mumbai: Hong Kong and Shanghai Banking Corp Ltd (HSBC)'s profit before tax in India increased 2% in 2020 despite a rise in provisions for bad loans mainly due to higher income from its global banking and markets division. Profit before tax from In...


HSBC bets on Asian wealth as profits tumble

HSBC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the COVID-19 shock saw its annual profits drop sharply. #News Subscribe: http://smarturl.it/reuters...


News  »  Top Stories

HSBC ramps up Asia pivot as COVID-19 pandemic hammers profits

HONG KONG: HSBC on Tuesday (Feb 23) vowed to accelerate its Asia pivot despite spiralling tensions between China and the West after it reported a 30 per cent plunge in profits for 2020 caused by the coronavirus pandemic. Reported profit after tax...


News  »  Top Stories

HSBC is pushing even harder into Asia and wants to bring back ...

HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between the United Kingdom and China. It's also bringing back its dividend, a sign that it's optimistic a...


News  »  Top Stories

HSBC bets on Asian wealth in revised strategy after profits tu...

HSBC Holdings PLC on Tuesday reported 34per cent drop in annual profit, slightly better than expectations, after a year in which its global business took a hefty blow from the COVID-19 pandem...


News  »  Business

HSBC shifts focus from west to east as profits dive

The UK-based bank has signalled its "pivot to Asia" as annual profits slump during the pandem...


News  »  Business

HSBC to speed up cost-cutting measures as 2020 profit declines...

HSBC, the biggest of Hong Kong’s three currency-issuing banks, said on Tuesday that it would accelerate its efforts to reduce costs and pursue areas of strength more aggressively in its latest business strategy, after its full-year profit declined...


News  »  Top Stories

HSBC's 2020 annual profit falls 34per cent, lowers profitabili...

HSBC Holdings PLC on Tuesday reported 34per cent drop in annual profit, slightly better than expectations, after a year in which its global business took a hefty blow from the COVID-19 pandem...


News  »  World  /  Asia

HSBC is set to report full-year 2020 earnings today. Here's wh...

HSBC is set to release its full-year 2020 earnings on Tuesday 12 noon Hong Kong/Singapore ti...


News  »  World  /  Asia

Australia stocks little changed; HSBC earnings ahead

Technology shares in Asia-Pacific will be watched by investors on Tuesday after their counterparts declined overnight on Wall Stre...


News  »  Business

Climate change: HSBC launches first yuan-denominated green cer...

HSBC is offering Asia’s first yuan-denominated green certificate of deposit (CD) to retail customers in Hong Kong, the latest climate product by one of the city’s big financial institutions.Retail customers would be able to subscribe in 10,000 yu...


News  »  Business

Five things to look out for in HSBC strategy update

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HSBC Holdings PLC will update its "transformation" plan announced a year ago on Tuesday, when the Asia-focussed lender also reports annual resul...


News  »  Business

Hang Seng Index climbs as HSBC paces bank winners on dividend ...

Hong Kong stocks rose, extending gains in Year of the Ox trading, as HSBC led winners ahead of major earnings reports from lenders this week while mainland fund managers picked selective market laggards.The Hang Seng Index rose 0.5 per cent to 30,...