Page 9 - Hsbc
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
 "More investors turning sour on emerging markets, says HSBC survey")
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
 "Bosses of HSBC, Tata, Macquarie urge govts to do more for green transition")
CLSA, Goldman Sachs join growing chorus of India's 'expensive' valuations
CLSA, Goldman Sachs latest to highlight concerns
 "CLSA, Goldman Sachs join growing chorus of India's 'expensive' valuations")
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
 "HSBC-backed B2B digital platform Serai looks to broaden India play")
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
 "StanChart Q3 profit doubles as bad loans shrink, trade finance booms")
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
 "China was never before this cheap in comparison to India, says HSBC")
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
 "HSBC bucks China property worries with 74% profit jump, $2 billion buyback")
'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.
 "'New Economy' firms to be India's growth engine, says HSBC")
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
 "HSBC Asia appoints ex-SBI chief Rajnish Kumar as an independent director")
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
 "RBI okays Hitendra Dave as HSBC India head for three years starting Aug 24")
Amid HK turbulence, HSBC buys AXA Singapore for $575 mn to grow Asia wealth
The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 million, according to a statement.
 "Amid HK turbulence, HSBC buys AXA Singapore for $575 mn to grow Asia wealth")
Return of the fat cats? Europe's bank bonuses rise as profits rebound
Banks have added billions of dollars to bonus pools as they try to reassure restless staff they will be rewarded in 2021 after a lean 2020.
 "Return of the fat cats? Europe's bank bonuses rise as profits rebound")
HSBC sees 19% downside in Zomato stock; cuts rating to reduce
As life normalises post-COVID, HSBC predicts a sharp growth in volumes, led by office orders coming through. However, that would also mean AOVs moderating
 "HSBC sees 19% downside in Zomato stock; cuts rating to reduce")
SBI, Axis, HDFC Bank top go-to lenders for Indian Inc during Covid: Report
Companies say digital infra provided by Indian banks and faster loan and account documentation helped them during crisis.
 "SBI, Axis, HDFC Bank top go-to lenders for Indian Inc during Covid: Report")
Huawei CFO not allowed to use HSBC documents in US extradition case
A Canadian judge has denied Huawei Chief Financial Officer Meng Wanzhou's application to add a trove of documents her legal team received from HSBC as evidence to her US extradition case
 "Huawei CFO not allowed to use HSBC documents in US extradition case")
Investors say banks must toughen climate policies or face AGM rebellion
Investors managing $4.2 trillion on Wednesday called on some of the world's biggest banks to toughen their climate and biodiversity policies or risk rebellions at their next annual meetings
 "Investors say banks must toughen climate policies or face AGM rebellion")
Indian stock market valuation a concern, FDI flows likely to continue: HSBC
FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC
HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class
The London-based bank has outlined ambitious plans to expand in wealth management, particularly in China.
 "HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class")
Banking giant HSBC exiting US retail banking to focus on wealth management
HSBC says it is closing its US retail banking business in order to refocus its efforts on wealth management
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