Page 8 - Hsbc

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

HSBC and Ping An executives plan to discuss breakup proposal

HSBC earned 52% of last year's total revenue of $49.6 billion from Asia and 65% of its reported profit before tax came from the region

Small-caps steal a march over Sensex, Nifty; index zooms 35% in FY22

Most analysts expect the markets to remain choppy in FY23 amid multiple headwinds. The ongoing geopolitical crisis, they feel, will keep commodity prices elevated and market gains in check

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 sees coronavirus surge slowing India's economic growth this year

Economic cost will be there, but hopefully it will just be about a third or lower than the economic cost of previous waves, HSBC economist Pranjul Bhandari said

HSBC wins regulatory nod to take over insurance business in China

HSBC will buy the remaining 50% stake in HSBC Life China from The National Trust Ltd

IT services, telecom, financials: Sectors analysts are betting on for 2022

With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest

HSBC Mutual Fund jumps 11 spots on assets tally after L&T AMC buy

The Rs 3,188-crore purchase validates 'our view on India', says fund house

Asian clients must have plan to exit coal by end-2023, says HSBC

Coal is contentious for governments across Asia as they look to move away from the cheap and widely used, but carbon-intensive energy source

Forex cartel: EU antitrust regulators fine Barclays, HSBC, Credit Suisse

The latest investigation focused on foreign exchange (forex) spot trading of G10 currencies

More investors turning sour on emerging markets, says HSBC survey

More than one in four investors feel 'bearish' about emerging markets, an HSBC survey showed, as slowing economic growth and the spectre of tighter monetary policy in US clouds the outlook

Bosses of HSBC, Tata, Macquarie urge govts to do more for green transition

The leaders of Indian conglomerate Tata Sons, HSBC Holdings and Macquarie Group urged governments to get more involved in the green transition by providing incentives to develop new technology

CLSA, Goldman Sachs join growing chorus of India's 'expensive' valuations

CLSA, Goldman Sachs latest to highlight concerns

HSBC-backed B2B digital platform Serai looks to broaden India play

HSBC-backed firm says it has been able to catch the eye of some mid-cap firms as well

StanChart Q3 profit doubles as bad loans shrink, trade finance booms

Standard Chartered rode a recovery in pandemic-hit markets to post a stronger-than-expected pre-tax profit for the third quarter on Tuesday

China was never before this cheap in comparison to India, says HSBC

The global brokerage joins slew of others such as UBS, Nomura and Jefferies to increase its weight on China citing easing of headwinds and attractive valuations

HSBC bucks China property worries with 74% profit jump, $2 billion buyback

The British lender reversed potential credit losses it had previously expected due to pandemic-induced defaults

'New Economy' firms to be India's growth engine, says HSBC

The two new economic engines stand to gain from India's large, young labor force, as well as from global changes, HSBC analysts said in a report to clients.

HSBC Asia appoints ex-SBI chief Rajnish Kumar as an independent director

Rajnish Kumar retired in October 2020 after a 40-year career at SBI

RBI okays Hitendra Dave as HSBC India head for three years starting Aug 24

Dave is a General Manager within the HSBC Group and a member of the Asia Pacific Executive Committee of HSBC