Page 3 - Hsbc Bank

HSBC suspends senior executive who said climate change is being exaggerated

Kirk, who is global head of responsible investing at the bank's asset management division, was suspended pending an investigation into a speech he made at an event last week

Ukraine conflict: HSBC orders staff to drop Russian banks VTB, VEB

HSBC has little direct exposure in Russia, with its CFO telling reporters last Tuesday it has around 200 employees and annual revenues of $15 mn there, a fraction of its global income of $50 bn

HSBC says its profit tripled in 2021 to $12.6 billion, outlook 'good'

The bank sold its French retail business to American investment group Cerberus in June, marking another step in plans to focus on Asia and trim exposure to Europe and North America

HSBC sets target of 34% cut to emissions from oil and gas clients by 2030

HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% by 2030, said bank's sustainability chief.

HSBC annual pretax profit more than doubles, puts forward key goal

HSBC reports annual pre-tax profit more than doubled as the bank reversed hefty credit charges booked previously, saying it now expects to meet a key profitability goal a year ahead of schedule.

HSBC explores India private banking re-entry 6 years after calling it quits

HSBC exited the Indian private banking business in 2015 as part of a group strategy. The lucrative but very competitive Indian market has few foreign players

HSBC, StanChart may face secondary shockwaves from Evergrande crisis

Other banks and insurers could also suffer indirect effects such as loss of fees or a devaluation of their investments

Banker behind report alleging HSBC racism resigns over lack of support

By Lawrence White

HSBC names company veteran Hitendra Dave as CEO of India business

Hitendra Dave is a member of Reserve Bank of India advisory committees.

HSBC withdraws from US retail banking to target rich clients, Asia

The move is part of a larger plan by HSBC to invest more in Asia, where it's focused on banking the region's wealthy

HSBC posts biggest jump since 2009 as China's Ping An Insurance buys

They were up 10.6 per cent to HK$31.20 as of 3.19 pm in Hong Kong, clawing back last week's tumble.

ED says crackdown on online betting websites found Chinese involvement

Agency seizes Rs 47 crore after searching more than 15 locations in Delhi, Gurugram, Mumbai and Pune

US says China 'bullying' UK, cites HSBC Hong Kong-related accounts

HSBC has in recent months faced mounting pressure on both sides of the Atlantic, as it attempts to balance its need to maintain access to the Chinese market

HSBC India's pre-tax profits up 9.5 per cent to $561 million for H1 2020

There was a 67 per cent growth in the allowance for expected credit losses (ECL) to $82 million during the six months as compared with July-December 2019

Covid-19 impact: HSBC warns loan losses could hit $13 bn as profit dips 65%

The bank reported a pre-tax profit of $4.32 billion for the first six months this year, lower than the $5.67 billion average of analysts' forecasts

ITAT rules in favour of HSBC Bank over interest income of Rs 1,498 cr

I-T dept had denied benefits under India-Mauritius tax treaty, said it was established for treaty shopping purpose

HSBC appoints interim boss Noel Quinn as chief executive officer

Unicredit boss Jean Pierre Mustier and incoming UBS Group Ralph Hamers were among those reported to have caught Tucker's eye

Why foreign lenders are rushing to invest in Indian retail banking space

Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals

HSBC India profit crosses $1 bn in 2019, third-most profitable in Asia

The global banking and markets segment contributed to $466 million in profits, against $387 million in 2018.

HSBC ousts CEO John Flint in shock move meant to 'speed up progress'

HSBC, which makes more than 80% of its profit in Asia, said that its global commercial banking unit head Noel Quinn will be interim chief executive