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...The difference in how the bank accounts for emissions is down to the more hands-off role banks play in capital markets compared to lending, Céline Herweijer, HSBC’s group chief sustainability officer, and...
...“Animal spirits need to be there, we need to innovate,” said Afolami, who earlier in his career worked at HSBC....
...Other names on Spencer Stuart’s longlist have more exposure to Asian finance, including former HSBC chief financial officer Iain Mackay and Barclays’ ex-finance director Tushar Morzaria, the people added...
...A $3bn charge on HSBC’s stake in China’s Bank of Communications, in which it has a 19 per cent holding, is significantly larger than the charge peer Standard Chartered has taken on its China bank stake,...
...Shares in HSBC fell the most since 2020 after the bank reported an 80 per cent drop in quarterly profit and a $3bn charge on the value of its stake in a Chinese bank....
...of a bank failing....
...Simon Cooper, who joined StanChart in 2016 from HSBC, made the sale on March 14, during the same week that the bank announced his departure, made five promotions, amid a management restructure and cost-cutting...
...HSBC’s push into fintech also follows a foray by US-based investment bank JPMorgan into the UK’s digital banking market with the launch of Chase UK in 2021, as the Wall Street bank sought to compete with...
..., followed by Citi, Itaú, HSBC, Santander, Bank of America, Bradesco and Goldman Sachs....
...The Bank of England has fined HSBC £57.4mn for failing to correctly identify customer deposits eligible for protection under the UK’s Financial Services Compensation Scheme between 2015 and 2022....
...The changes follow rate cuts announced last week by HSBC, Halifax and Leeds Building Society across their residential ranges....
...So HSBC owns 19 per cent of this bank, and they are now saying they’ve had to rethink how much that might be worth....
...The figures are based on the responses it received from the big four UK high street banks — Barclays, HSBC, Lloyds and NatWest — as well as Handelsbanken, Metro, Santander and TSB....
...HSBC, on the other hand, is already offering fee-free transfers to existing customers though its Global Money account....
...Shares of HSBC in Hong Kong gained 1 per cent while the broader Hang Seng index rose 3 per cent on Wednesday....
...Simon Cooper — who has led the trading, capital markets and corporate banking unit from Singapore since joining from HSBC in 2016 — “will leave the group to pursue other interests”, the bank said on Tuesday...
...The idea that lenders such as Barclays or HSBC, among those reportedly bidding, would now see great potential in cross-selling to supermarket customers should be treated with scepticism....
...HSBC declined to comment. The bank’s shares have gained about 18 per cent so far this year. The FCA declined to comment....
...Last March, the Bank of England worked round the clock to enable HSBC to buy Silicon Valley Bank’s UK arm almost immediately after its US parent went bust....
...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....
...Nvidia’s net income soared nearly 800 per cent in the latest quarter compared to the same period in 2022, HSBC reported an 80 per cent drop in quarterly profit, and Boeing is replacing the executive in charge...
...Ottawa on Thursday approved the $10.2bn sale of HSBC’s assets to Royal Bank of Canada, more than a year after the UK-based, Asia-focused lender announced its exit from the market....
...Asia remains a lucrative market for global banks looking for growth. HSBC will take over Citigroup’s China consumer wealth portfolio to accelerate its expansion there....
...Georges Elhedery, HSBC’s chief financial officer, said on Monday that the bank would “continue to look at our portfolio” and “assess what aligns to the value of our network”....
...He is the second HSBC employee to depart the bank over controversial comments in recent years....
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