HSBC announces record £24bn profit boosted by interest rates: UK Bank profits soar as Chinese economic challenges loom large
inews.co.uk/news/business/hsbc-profit-interest-rates-boost-2917388
Quick Glance: HSBC Increases CEO's Pay Despite Profit Fall
- HSBC has nearly doubled its Chief Executive Noel Quinn's pay despite a drop in fourth-quarter profits.
- The London-based bank revealed that Quinn will receive a package of £10.6 million.
- The bank's board also raised the bonus pool for staff by 12% to $3.8 million.
- The fourth-quarter profits fell unexpectedly due to a $3 billion charge related to the bank's stake in the Bank of Communications in China.
HSBC’s bumper UK fine is deserved, and disturbing: At first sight, HSBC’s (HSBA.L), (0005.HK) 57 million pound fine from the UK’s Prudential Regulation Authority ...
reuters.com/breakingviews/hsbcs-bumper-uk-fine-is-deserved-disturbing-2024-01-30/
Indian bonds set for new era with $100 billion inflows likely: HSBC AM: India's trillion-dollar sovereign bond market is gearing up for a rush of foreign money ...
business-standard.com/markets/news/indian-bonds-set-for-new-era-with-100-billion-inflows-likely-hsbc-124012400175_1.html
After flashing mostly negative signals all of last year, Bloomberg’s Trade Tracker finally showed a marked improvement in January led by the US trib.al/ZNCs4Gx
After flashing mostly negative signals all of last year, Bloomberg’s Trade Tracker finally showed a marked improvement in January led by the US trib.al/6m924KG
After flashing mostly negative signals all of last year, Bloomberg’s Trade Tracker finally showed a marked improvement in January led by the US trib.al/H0OK2tI
Hong Kong Hires Banks for Digital Green Bonds Issuance: The Hong Kong government has hired five banks to explore a series of digital green bond sales ...
bloomberg.com/news/articles/2023-12-15/hong-kong-hires-banks-for-digital-green-bonds-issuance
Quick Glance: Hong Kong Issues HK$1m Bounties on 5 Overseas Activists
- Hong Kong police have put bounties on five activists, including Simon Cheng, a former employee of the UK's Hong Kong consulate.
- National Security Department Chief Superintendent Li Kwai-wah said at a press conference: 'They sold their country and Hong Kong, and neglected Hongkongers' interests.'
- Mr Li added that the activists have continued to 'engage in activities endangering national security' after they went overseas.
- In response to the bounty announcement, Mr Cheng said: 'Being hunted by China (Hong Kong)'s secret police, under a one-million-dollar bounty, is a lifelong honour.'
6 in 10 Singaporeans expect to work after retirement: HSBC survey: Majority of those who plan to work post-retirement are motivated by financial concerns ...
straitstimes.com/business/invest/retirement-financial-planning-quality-of-life-report-hsbc-singapore
Hedge fund Qube makes $835 million bet against HSBC shares: Hedge fund Qube Research & Technologies has made a 672 million pound ($835.43 million) bet against ...
reuters.com/business/finance/hedge-fund-qube-makes-835-million-bet-against-hsbc-shares-2023-11-17/
HSBC on track to meet China wealth hiring target despite economic headwinds: HSBC (HSBA.L) is on track to meet a target of expanding its China wealth business ...
reuters.com/markets/asia/hsbc-track-meet-china-wealth-hiring-target-despite-economic-headwinds-2023-11-20/
The Big Bank With a $15 Billion Conundrum in China: HSBC has a big stake in a Chinese lender that it can’t easily sell and that could require a big write-down.
wsj.com/finance/banking/the-big-bank-with-a-15-billion-conundrum-in-china-8bd25531
Citigroup to sell China consumer wealth business to HSBC: Citigroup Inc (C.N) said on Monday it had agreed to sell its China consumer wealth portfolio ...
reuters.com/markets/deals/citigroup-sell-china-onshore-consumer-wealth-unit-hsbc-2023-10-09/
Politics Briefing: Inquiry into foreign interference in Canada’s elections under way
theglobeandmail.com/politics/article-politics-briefing-inquiry-into-foreign-interference-in-canadas/
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India still far from replacing China as global growth engine, says HSBC: Indian Economy as Global Growth Engine: HSBC expects the gap between the two economies ...
business-standard.com/economy/news/india-still-far-from-replacing-china-as-global-growth-engine-says-hsbc-123101300303_1.html
Exclusive: HSBC to acquire Citigroup China consumer wealth business -sources: HSBC (HSBA.L) is set to acquire Citigroup's (C.N) China consumer wealth management ...
reuters.com/markets/deals/hsbc-acquire-citigroup-china-consumer-wealth-business-sources-2023-09-28/
Quick Glance: HSBC to Acquire Citigroup China Wealth Management
- HSBC to acquire Citigroup's China wealth management business
- Transaction includes taking over Citi staff in China
- Financial details of the deal not immediately known
- Citi's China wealth management serves affluent clients
Demand for the world's smelliest fruit has soared 400%, fueled by China’s ‘craze’
cnbc.com/2023/09/13/durian-demand-has-soared-400percent-fueled-by-chinas-craze-for-the-fruit.html
Politics Briefing: Pierre Poilievre appeals for support from Quebeckers at Conservative policy convention
theglobeandmail.com/politics/article-politics-briefing-pierre-poilievre-appeals-for-support-from-quebeckers/
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Luxury retailers are investing in India’s new wealthy. Heres why : Luxury retailers are investing in India’s new wealthy. Heres why
wionews.com/business-economy/luxury-retailers-are-investing-in-indias-new-wealthy-heres-why-632899
Hong Kong social activists brave threat of arrest to keep speaking outwww.rfa.org/english/news/china/hong-kong-holdouts-07012023094934.html
Quick Glance: Hong Kong police issue warrants for eight overseas activists
- Hong Kong police accuse eight overseas activists of serious national security offences
- Rewards offered for information leading to their arrest
- Activists have promoted sanctions to destroy Hong Kong and intimidate officials
- 260 arrests made under the national security law, but slim chances of prosecution if defendants remain abroad
HSBC among Hong Kong banks that close accounts tied to opposition group, members say
scmp.com/news/hong-kong/politics/article/3222818/hsbc-among-hong-kong-banks-close-accounts-tied-opposition-group-members-say
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F1 Looks to Unlock New Riches With China’s Rising Star: At Formula One’s inaugural Chinese Grand Prix in Shanghai in 2004, five-year-old Zhou Guanyu was in the ...
bloomberg.com/news/articles/2023-05-04/zhou-guanyu-the-formula-one-driver-set-to-be-china-s-next-sensation
HSBC China says it's unaware of remittance curbs after Mobius' claims: HSBC's China unit said on Tuesday it has not been told by regulators to restrict outbound ...
reuters.com/world/china/hsbc-china-says-its-unaware-remittance-curbs-after-mobius-claims-2023-03-07/
JPMorgan Model Shows Recession Odds Fall Sharply Across Markets: In a week marked by fresh recession angst from Wall Street to Davos, JPMorgan Chase & Co ...
bloomberg.com/news/articles/2023-01-21/jpmorgan-model-shows-recession-odds-fall-sharply-across-markets
‘Tiff Macklem did not engage in quantitative easing to make money.’ Bank of Canada records first loss ever, plus other letters to the editor for Dec. 7
theglobeandmail.com/opinion/letters/article-tiff-macklem-did-not-engage-in-quantitative-easing-to-make-money-bank/
Where's Jack Ma? Alibaba founder discovered living in Tokyo since China's tech crackdown
financialpost.com/personal-finance/high-net-worth/alibaba-founder-jack-ma-living-tokyo-china-tech-crackdown
Quick Glance: Alibaba founder Jack Ma has been living in Tokyo for the past six months, according to the Financial Times.
- Ma, a fiery teacher turned internet titan, was once a high-profile jetsetter and the face of China's Big internet.
- However, he has been on the run since October 2020, following a speech in which he criticized China's financial regulatory structure.
- This weighed on Chinese technology and real estate industries, causing the country's richest people's net worth to plummet.
- According to the Bloomberg Billionaires Index, Ma was worth approximately $61 billion at his peak in October 2020 and is currently estimated to be worth approximately $30.7 billion.
Rare-earth magnets are key to our electric future — and China controls 93% of them. How can Canada compete?
financialpost.com/commodities/mining/rare-earth-metals-magnets-recycling
Terence Corcoran: Build back free trade — especially with China: If Ottawa wants to see a change in China’s government, leave that to Chinese protesters ...
financialpost.com/opinion/terence-corcoran-build-back-free-trade-china
Evening Update: RBC to buy HSBC’s Canadian business in landmark banking deal: Also in the news today, an Ontario court has struck down Bill 124 ...
theglobeandmail.com/canada/article-evening-update-rbc-to-buy-hsbcs-canadian-business-in-landmark-banking/
RBC buying HSBC Canada is a loss for the banking public: Rob Carrick says RBC’s proposed purchase of HSBC is a reminder of how tough it is for smaller banks to ...
theglobeandmail.com/investing/personal-finance/household-finances/article-rbc-buying-hsbc-canada-banking-loss/
HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports: National Bank of Canada (NA.TO) and Canadian Imperial Bank of Commerce (CIBC) ...
reuters.com/business/finance/hsbcs-canada-unit-loses-national-bank-cibc-bidders-global-mail-reports-2022-10-30/
HSBC eyes sale of multibillion-dollar Canadian business: HSBC is considering selling its business in Canada, worth billions of dollars and one of the biggest ...
reuters.com/business/finance/hsbc-eyes-sale-canada-business-2022-10-04/
HSBC extends Chinese private banking network to lure new digital millionaires: HSBC Global Private Banking has launched its business in the large Chinese cities ...
reuters.com/business/finance/hsbc-extends-chinese-private-banking-network-lure-new-digital-millionaires-2022-10-11/
Why selling HSBC Canada, the country’s most lucrative bank deal in decades, is unusually challenging
theglobeandmail.com/business/article-hsbc-canada-sale-deal-challenges/
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HSBC gets relief from a decade long case, accused of having a preferred system for drug cartels
wionews.com/videos/hsbc-gets-relief-from-a-decade-long-case-accused-of-having-a-preferred-system-for-drug-cartels-512305
Ping An doubles down on campaign to break up HSBC: Bank’s largest shareholder rejects executives’ 14 arguments against east-west split
ft.com/content/5e393254-3a78-415c-903c-6de669228c78
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HSBC's virtue-signalling hypocrisy: Ah, HSBC. The Asian banking giant has raised some eyebrows in recent years with their endless antics to appear oh so right-on ...
spectator.co.uk/article/hsbc-s-virtue-signalling-hypocrisy
PREVIEW Rising rates to cushion impact on Asia banks from slowing economies: Asia-focused lenders HSBC (HSBA.L), Standard Chartered (STAN.L) and their Southeast ...
reuters.com/markets/europe/rising-rates-cushion-impact-asia-banks-slowing-economies-2022-07-27/
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