Prudential Plc, HSBC Holdings Plc and Standard Chartered Plc shares dropped after a report that China is expanding its personal income tax to include any returns from insurance policies in Hong Kong.
Europe’s largest lender boosted by wealth management and insurance business in Hong Kong.
HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the lender will consider boosting its bonus pool for bankers if strong performance continues.
HSBC Chief Executive Officer Georges Elhedery speaks to Bloomberg's Francine Lacqua about the bank's announcement of a fresh stock buyback as it reports second-quarter earnings that beat estimates, despite China’s crackdown on cross-border wealth flows.
HSBC reported a pretax profit that exceeded analysts' expectations, driven by increased net interest income and fees. The bank's strong performance reflects its ability to capitalize on rising interest rates and robust customer demand.
A surge in HSBC Holdings Plc.’s shares to a record has raised the bar for the Asia-focused lender to deliver results that can help sustain the rally. Investors are focused on capital returns, buyback prospects and the outlook.
ANZ Group Holdings Ltd. and National Australia Bank Ltd. are among lenders bankrolling Blackstone Inc.’s A$36 billion ($25.3 billion) purchase of HSBC Holdings Plc’s Australian retail loan portfolio, the Australian Financial Review reported Sunday, citing unnamed sources.
HSBC Holdings Plc and Singapore banks should see stronger earnings outlook across the board, buoyed by wealth businesses strength and resilient fee income.
HSBC has completed the sale of its $25 billion loan book in Australia to Blackstone. This mortgage transfer is part of HSBC's global overhaul as Europe’s biggest lender.
Blackstone Inc. has agreed to acquire an about A$36 billion ($25 billion) home loan portfolio in Australia from HSBC Holdings Plc, people familiar with the matter said. This transaction is set to be one of the largest such transactions ever.
HSBC Holdings Plc’s group chief people and governance officer plans to relocate from London to Hong Kong. This move adds to HSBC's senior ranks in the Asian financial hub.
HSBC Holdings Plc is set to hire more than 100 artificial intelligence specialists in Singapore with plans to launch a global AI center in the city-state later this year. This move comes as the British lender steps up investments in the technology that’s reshaping Wall Street workforces.
HSBC global insurance business head Moncreiffe to leave, sources say
HSBC Posts Sharply Higher Quarterly Profit, Plans $1 Billion Share Buyback
HSBC's first-half profit jumps 23%
HSBC to sell $25.3 billion Australian home loan portfolio to Blackstone
HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
Allianz to buy HSBC's Singapore insurance unit for $2.09 billion
HSBC to Sell Singapore Insurance Business to Allianz for $2.1 Billion
HSBC appoints cross-bank leaders after Hang Seng privatisation, source says
Arm Stock Tumbles After HSBC Sounds Valuation Alarm
HSBC reviews Turkish banking business for possible sale
HSBC halts some private credit lending, FT reports
HSBC bolsters Middle East investment banking team with senior hires, memo shows
‘We anticipate further upside for gold by year-end' – HSBC's Sels and Ku