Page 2 - Hsbc Holdings

Barclays Plc names new CEO, COO in reshuffle of key India business

Pramod Kumar will be the new Chief Executive Officer and Suneeta Shetty from HSBC Holdings Plc will be Chief Operating Officer

HSBC Holdings' shareholders dismiss call for strategy, dividend switch

About a fifth of voting investors backed the call for HSBC to report regularly on the possibility of carving out its Asian unit, while 19.2% supported lifting its dividend to its pre-pandemic level

HSBC planning to add 30 private bankers in fresh India wealth push

HSBC's plans reflect an increasing competition to manage the growing wealth in India among both global and local firms, which has enticed the London-based bank

HSBC Holdings brushes aside Hong Kong investor's Asia spin-off proposal

The comment came as Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group, called for the break up of the bank

HSBC Holdings to buy Silicon Valley Bank's UK arm for £1 in tech repreive

The London-listed lender's "ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1," HSBC said in a statement Monday.

As China battles crises, HSBC bets big on India's $400 bn pile of wealth

It also plans to launch an onshore private banking service in the South Asian country this year

Co-heads of business at $4.3 bn Centrum Wealth asked to leave the firm

The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a "loss of confidence,"

Global supply chains gear up for overhaul next year, survey shows

The survey also showed concerns were broader than supply chains, with 51% of respondents saying their expect the environment for international trade to be harder next year

HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia

Credit Suisse Group AG's Christopher Chua is leaving the bank to help oversee the Asia mergers and acquisitions business at HSBC Holdings Plc

HSBC says exploring sale of Canadian operations for latest disposal

A potential sale of HSBC's 100% equity stake in HSBC Bank Canada is among the options being explored, the lender said in a statement.

Rothschild plans to hire 7 bankers in India before year-end for expansion

The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession

Hong Kong homes on the verge of becoming least affordable in 24 years

Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub

Singapore will pip Oz to be Asia's millionaire capital by 2030: HSBC

The financial hub is expected to top the list in Asia-Pacific followed by Australia, Hong Kong and Taiwan, the bank wrote in a report Tuesday

Asia exports slip into deeper downturn as tech boom goes bust, warn lenders

Asia's export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes

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 profit more than doubles, loan-loss fears ebb as economies rebound

Encouraged by an economic rebound in Hong Kong and Britain, HSBC reinstated dividend payments, flagged higher payouts in future, and released $700 mn that was set aside as provisions

Cash is king for whipsawed emerging-market investors, says HSBC

Developing-nation equities are headed for their worst month since the March 2020 rout

HSBC Holdings plans to split oversight of Asia between two co-heads

Europe's largest lender plans to appoint Wong's protege, David Liao, and the chief executive of its Indian business, Surendra Rosha, as joint heads of its Asian arm this year

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 Holdings manager heart attack prompts viral post about overwork

He's the latest financial employee to weigh in on the work-till-you-drop culture during a pandemic that's obliterated the lines between office and home