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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...
...Deutsche Bank’s chief executive has said that Europe should consider lifting a cap on banker bonuses, becoming the latest senior banker to call on Brussels to follow the UK’s lead....
...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 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....
...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....
...On a long-term view, some of the FTSE 100’s less glamorous members, companies such as Compass, Intertek, Relx, Experian and Diploma as well as Bunzl and Howdens, have performed far better than the household...
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...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 bank booked a net profit of S$1.6bn (US$1.2bn) for the October-December quarter, up 12 per cent from the same period in 2022, even as the lender expects “low single-digit loan growth” in 2024....
...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....
...The bank’s upgrade follows its forecast last week that Brent crude prices will hit $90 a barrel by the third-quarter....
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...HSBC fell 6.7 per cent after the bank reported an 80 per cent year-on-year decline in quarterly profits. Glencore slipped 5.8 per cent after annual earnings halved....
...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 only barely enough for inclusion into the S&P 500....
...This is notwithstanding that a large share of USDT’s reserves comprise short-term U.S. treasury bills and other U.S. dollar cash equivalents....
...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...
...US blue-chips ended their best quarter in five years, with the S&P 500 squeezing out a 0.1 per cent gain even as big tech names including Apple, Tesla and Meta dragged the Nasdaq Composite to a similar-sized...
...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....
...By doing so, dealers are “effectively dampening the price movements” of the S&P, according to a March report from the Bank for International Settlements....
...That other banks relatively pervasive on social media also saw more of a selloff is interesting to a degree, but this was already a run on the banks of the (economically wounded) innovation sector — so the...
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