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...Last year, HSBC worked on a $3bn raise for Greensaif Pipelines Bidco, which has a 49 per cent stake in Saudi Aramco’s gas pipelines, and was among the banks that arranged a $3.3bn revolving credit facility...
...The bank has had a fraught relationship with Ping An, which launched a two-year activist fight at the bank to split it up and separate its more profitable Asia operation....
...An octogenarian oil trader has been convicted of “cheating” HSBC and abetting forgery after a lengthy trial in Singapore, drawing a line under an oil dealing scandal that left banks facing hundreds of millions...
...HSBC already reported a $3bn charge on its stake in a Chinese bank earlier this year amid mounting bad loans in the country....
...Remember, the Covid-19 pandemic caused a crisis of almost every other kind, but big US banks didn’t collapse....
...Quinn is leaving after a long run, joining the lender in 1987 through a subsidiary of Midland Bank, which was bought by HSBC five years later....
...Quinn joined the lender in 1987 through a subsidiary of Midland Bank, which was bought by HSBC five years later....
...“At its core this [HSBC] is a commercial bank. And he was the quintessential commercial banker,” said an HSBC banker....
...“There’s a feeling that as interest rates come down, HSBC will come down with it,” said Iain Pyle, fund manager at Abrdn, a long-standing HSBC shareholder....
...HSBC has agreed to sell its Argentina unit to Grupo Financiero Galicia for $550mn, a move that will trigger a $1bn loss in its earnings for the first quarter of this year....
...The challenge of turning this motley crew into a usable acronym meant that O’Neill simply called them the N-11....
...HSBC has agreed to sell its business in Argentina to domestic lender Grupo Financiero Galicia for $550mn as it exits a market where its business has been affected by hyperinflation and a volatile currency...
...HSBC’s chief executive Noel Quinn is to retire unexpectedly after five years, setting off a hunt for a successor at the UK-based bank....
...HSBC did not immediately respond to a request for comment....
...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,...
...Largely what happened was that HSBC had to take this huge kind of $3bn impairment on the value of a stake that they own in a Chinese state-backed bank called Bank of Communications....
...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....
...The payouts to shareholders reflected “four years of hard work and the strength of our balance sheet in a higher interest rate environment”, said the bank’s chief executive Noel Quinn....
...The founder of Hin Leong Trading has been convicted of cheating HSBC and abetting forgery after a lengthy trial in Singapore, drawing a line under an oil dealing scandal that left banks facing hundreds of...
...HSBC made a push into the UK fintech sector in 2022 with a $35mn investment in Monese, a UK-based start-up that offers current accounts to people underserved by mainstream banks....
...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....
...It’s definitely growing, as Bank of America points out in a recent note....
...An investigation by TBIJ’s Nimra Shahid and Robert Soutar found that Santander and HSBC worked on a transaction by Peru’s national oil company that casts a harsh light on the banks’ policies around protecting...
...The Fed sets rigorous capital and liquidity requirements, along with regular stress tests, to confirm banks’ ability to withstand major adverse shocks....
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