Page 7 - Hsbc

Reserve Bank of India, Japanese regulator hold talks on clearing houses

Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE

HSBC to sell Canada business to RBC for $10 billion, says report

The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

Strong Q2 results drive earnings, target price upgrades for SBI, BoB

Analysts see up to 31 per cent and 17.6 per cent upside in SBI and BoB's stock, respectively, from a one-year perspective

Bank of Baroda Q2 results preview: Here's what key brokerages expect

Bank of Baroda Q2 preview: Treasury income is projected just at Rs 100 crore, down 92 per cent YoY from Rs 1,221 crore.

HSBC names Georges Elhedery as new CFO, potential CEO-in-waiting

The sudden elevation of Georges Elhedery, 48, at HSBC comes after he took a six-month sabbatical in January

HSBC Q3 profit slumps 42% on France sale charge, rising bad loans

HSBC reported on Tuesday a 42% tumble in third-quarter pretax profits on the back of losses on the sale of its French unit and rising bad loans, but its interest income surged

Sebi gives go-ahead to HSBC AMC's acquisition of L&T Investment Managers

HSBC MF to subsume MF schemes being operated by L&T MF

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.

Tech companies likely to lead primary market revival in India: HSBC

Thus far in calendar year 2022, Indian companies have raised over 40,000 crore from the primary markets via the IPO route, data from PRIME Database showed.

1% of India's adult population likely to be millionaires by 2030: Report

According to HSBC Holdings Plc. report in Bloomberg, Singapore will take over Australia and have Asia's highest share of millionaires in the adult population by 2030

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 rejects break-up call, promises higher quarterly dividend

Hard-sells growth plan to disgruntled investors

HSBC's Jan-June pretax profits from India jump 22% to $644 million

Foreign lender HSBC on Monday reported a 22 per cent jump in its pre-tax profit from Indian operations at USD 644 million for the January-June period of 2022. HSBC India had a profit before tax of USD 529 million in the year-ago period, the bank said in a statement. The global banking and markets business, which helps the credit needs of Indian corporates having a worldwide footprint and also includes the debt and equity capital markets team, reported a profit of USD 324 million in January-June 2022 as against USD 317 million in the year-ago period. The commercial banking PBT came at USD 156 million in the period against USD 146 million and the wealth and personal banking swung to black with a USD 33 million PBT as against a loss of USD 11 million. The corporate centre, which includes balance sheet and treasury management, saw an increase in the PBT at USD 131 million from USD 77 million in the year-ago period. In a statement, the bank said it has aggressive growth plans and is ..

Rs 14,820 crore tax demand raised under black money law, says govt

On questions on money deposited in Swiss banks by Indians, Sitharaman said: "There is no official estimate of amount of money deposited by Indian citizens and companies in Swiss banks".

HSBC to relaunch private banking business within a year, says CEO

The lucrative but very competitive Indian market has few foreign players in a segment catering to high-net-worth individuals

We are a global bridge for India Inc: CEO JPMorgan Chase Bank (India)

'As India emerges from the pandemic, and with the robust rebound in gross domestic product, we are seeing Corporate India using this period to deleverage'

HSBC sees slower rate hikes by RBI towards year-end on growth worries

HSBC is expecting the RBI to take repo rate to 6% by the middle of the next year, from 4.9% now

Climate adaption sounds easy; it's not for most people in the world

The now-notorious speech by HSBC's Stuart Kirk last month argued 'we can solve this through adaption,' claiming that climate change fears were overblown

Key lessons for investors from stock market's bear phase in 2010-2011

With the end of easy money, market's risk tolerance is low, and this seems unlikely to change in the near term