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...Barclays has since updated its climate policy to stop fossil fuel project financing, following pledges from rivals such as HSBC and France’s Société Générale....
...In June the claimants filed a joint “particulars of claim” detailing a common set of allegations covering six related legal cases....
...NatWest, Lloyds, HSBC and Barclays experienced total outflows of about £78bn in the 12 months to June 2023, according to an analysis of corporate filings by the Financial Times....
...The closures are equivalent to about 2.7 per cent of the 5.3mn accounts held by SMEs with the eight banks that provided data to the House of Commons Treasury select committee as part of an inquiry into smaller...
...“We have growing confidence,” noted HSBC, quoting Fed chair Jay Powell’s remarks at a January meeting....
...The latest $2bn addition results in a common equity tier one (CET1) ratio of 14.7 per cent. That is unchanged from the previous quarter. More buybacks should be expected....
...In Hong Kong, Standard Chartered’s headquarters is squashed next to HSBC’s. That reflects the bank’s smaller stature against a rival 7.5 times its size in terms of market value....
...News round-up Taiwanese groups consider overseas headquarters to hedge against Chinese attack (FT) HSBC to take $1bn hit on sale of Argentina unit (FT) European ports turned into ‘car parks’ as vehicle...
...We start with the news that West Virginia’s Republican Treasurer has added HSBC to its boycott list — the first British bank to fall victim to the state’s anti-ESG aggression....
...Elizabeth Martins, senior UK economist at HSBC, said that if the aim of Bailey’s comments was to convince investors that the UK did not face the same risks as the US of inflation reaccelerating, “this morning...
...The memo from chief executive Christian Sewing and chief operating officer Rebecca Short said other staff could work from home two days a week, but banned the common practice of staying away from the office...
...“HSBC had 150 years of trial and error to build its governance function. OpenAI have only had a few years. Perhaps we should be a little kinder to these businesses.”...
...A common way to reflect on how London’s blue-chip index has evolved over the years is to track how many of its original members are still present. By our count, that’s 29....
...Estimates from the likes of Jefferies, JPMorgan, HSBC, RBC Capital Markets and Shore Capital range from £6bn to £16bn for the banking industry....
...HSBC declined to comment and Bank of China did not respond to a request to comment....
...“HSBC reported above consensus earnings, stable deposits and, perhaps most importantly in the context of distributions, a common equity tier one ratio of 14.7 per cent,” comfortably in excess of its regulatory...
...AviLease secured $2.1bn in temporary funding from BNP Paribas, Citibank, HSBC Bank Middle East and MUFG Bank for the deal....
...Her frustration is increasingly common among ambitious young people hoping that an internship or placement at a big bank, law firm or accountant will provide a golden ticket to a lucrative City career....
...Stephen King Senior Economic Adviser, HSBC London E14, UK...
...Barclays, Lloyds, HSBC and NatWest declined to comment....
...HSBC UK’s was 1.89 per cent at the end of last year, up from 1.53 per cent in 2021. But the gap between what banks charge borrowers and what they pay savers may have reached its limit....
...The passing grade for the stress tests was a common equity tier one ratio of 6.9 per cent....
...The current shock could become “mega shock”, he says, unless “common sense prevails”....
...HSBC was lining up a deal with a Russian bank called Expobank....
...The Financial Conduct Authority will also gain powers to ensure lenders continue to provide access to cash under the financial services and markets bill working though the House of Commons....
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