Culture
HSBC on course for £300 billion valuation, top executive says
Weeks after its market value rose above £200 billion (S$344.6 billion) for the first time in its history, HSBC Holdings is now on course…
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HSBC
Culture
HSBC to conduct ‘strategic review’ of HSBC Life
HSBC said on Friday (Jan 16) that it would conduct a strategic review HSBC Life, its insurance manufacturing business in Singapore. The…
Culture
HSBC weighs future of Singapore life insurance business as analysts assess impact on wealth strategy
The bank says this comes under the group’s global ‘ongoing simplification’ drive HSBC said on Friday (Jan 16) that it would conduct a…
Culture
HSBC plans risk transfer linked to 2 billion euros of corporate loans
It enables the bank to boost its solvency ratios and reduce reliance on less shareholder-friendly options HSBC is gauging investor demand…
Culture
HSBC considers selling Singapore insurance business: sources
HSBC Holdings is exploring options for its insurance unit in Singapore, including a sale, people familiar with the matter said, following…
Culture
HSBC veteran James Cheo to join UBS in senior Apac role
Cheo will be based in Singapore and report directly to Tan Min Lan, head of CIO Apac Banking veteran James Cheo will join UBS from HSBC in…
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HSBC hires ex-Citi executive Ida Liu to lead its private bank
HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with…
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HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill HSBC Holdings is poised to pay around US$300 million…
Culture
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates HSBC Holdings’ interim chairman…
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HSBC overhauls trading business in bid to become debt powerhouse
The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division HSBC Holdings…
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HSBC is bullish on 2025 despite hit from Madoff provision
HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to…
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HSBC to book US$1.1 billion provision after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will recognise a provision of US$1.1 billion in its third-quarter results after a Luxembourg court ruling…
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HSBC launches ‘entrepreneurial wealth proposition’ in Singapore
A recent report by the lender names the Republic as entrepreneurs’ top destination for wealth and relocation HSBC on Friday (Oct 24)…
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HSBC expects gold’s ‘bull wave’ to hit US$5,000 an ounce in 2026
The bank has cited geopolitical risks, economic policy uncertainty and rising public debt as factors supporting the price HSBC on Friday…
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HSBC not exposed to the collapse of scandal-hit First Brands Group
HSBC Holdings is not exposed to the collapse of scandal-hit auto-parts supplier First Brands Group, whose bankruptcy has left some of the…
Culture
Europe: Ferrari’s steepest fall drags Europe’s stocks, HSBC pulls parking brake
The central bank kept rates unchanged and struck a cautiously optimistic tone on the economy European stocks fell on Thursday (Oct 9),…
Culture
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International),…
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HSBC names Maggie Ng as Hong Kong CEO, predecessor to lead Hang Seng Bank
Asia-focused lender HSBC on Thursday (Sep 4) picked insider Maggie Ng as the chief executive of its Hong Kong arm, succeeding Luanne Lim…
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HSBC AM joins peers with private equity fund targeting wealthy
HSBC Holdings’ asset management (AM) arm is launching a private equity strategy targeting wealthy clients, the latest move by a major…
Culture
HSBC fined HK$4.2 million by Hong Kong regulators over disclosure failure
has been fined HK$4.2 million (S$692,427) by Hong Kong regulators over disclosure failures, the regulators said on Tuesday (Aug 26). The…
Culture
HSBC plans major global expansion of office, staff surveillance, documents show
HSBC plans to step up surveillance of staff and buildings by adding more cameras and biometric access to its premises globally, internal…
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HSBC cuts equities team in Germany as CEO Georges Elhedery continues revamp
Europe’s largest financial institution has already culled dozens of analysts in its investment bank in the last couple of months Holdings…
Culture
HSBC renews hunt for board chair amid struggle to fill shortlist: FT
is refreshing its search for a new board chairman, the Financial Times reported on Saturday (Jul 19). The development came after the bank…
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HSBC renews hunt for board chairman amid struggle to fill shortlist: FT
is refreshing its search for a new board chairman, the Financial Times reported on Saturday (Jul 19). The development came after the bank…