HONG KONG/LONDON (Reuters) – HSBC Holdings PLC 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 […]
Mortgage wars: HSBC offers sub-2pc rate and opens lending criteria
The mortgage rate wars have stepped up a notch with another bank offering a sub-2 per cent rate. HSBC has launched a 1.99 per cent rate for both 12- and […]
HSBC's loyal Hong Kong investors find redemption in 51% share rally
HONG KONG (BLOOMBERG) – Fear of owning HSBC Holdings shares is turning into a fear of missing out on a major rally. Europe’s biggest lender is up 51 per cent […]
Low rates and lending slump threaten HSBC's long-term dividend ambitions
LONDON (Reuters) – HSBC HSBA.L shareholders face a future of paltry payouts when regulators restore its powers to pay dividends as the bank’s bosses press on with a costly revamp […]
HSBC, StanChart shares tumble after ‘FinCEN’ leak
HONG KONG (REUTERS, BLOOMBERG) – HSBC and Standard Chartered’s Hong Kong shares fell sharply on Monday (Sept 21) after media reports that they and other banks moved large sums of allegedly […]
HSBC first-half profit plunges more-than-expected 65% on bad loan provisions
LONDON (REUTERS) – HSBC Holdings posted a higher-than-expected 65 per cent tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to […]
HSBC pledges more investments in China even as tension escalates over Hong Kong
HONG KONG (BLOOMBERG) – HSBC Holdings pledged to boost investments in China to capture more wealth and retail clients even as political tension escalates after Beijing launched sweeping new security […]