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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...
...A court has agreed that a Russian businessman can sue a Monaco private bank under US anti-mafia organised crime legislation from 1970 that has never been used against a bank in Europe....
...The sale will also force the bank to recognise $4.9bn in historical currency translation reserve losses when the deal closes, HSBC said....
...HSBC will also have to recognise $4.9bn in historical losses related to the falling value of the peso when the deal closes, which is expected to be within the next 12 months, the bank said on Tuesday....
...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....
...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,...
...Some banks are unable to quantify their exposure to private equity, the Bank of England has found, in the latest warning that the $8tn industry could threaten the wider financial system....
...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....
...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....
...Shares of HSBC in Hong Kong gained 1 per cent while the broader Hang Seng index rose 3 per cent on Wednesday....
...Private credit could be the Ozempic to help banks on yet another diet....
...Princeton gets burnt by private equity For many years, investing in private equity was a sure way for university endowments to make money....
...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...
...Chinese property group Shimao faces a winding-up petition from one of China’s largest state-run banks, the developer said in a disclosure to the Hong Kong stock exchange on Monday....
...The UK targets private equity’s bets on pets Over the past decade, private equity firms have spent billions of dollars buying up veterinary clinics on both sides of the Atlantic....
...The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership....
...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....
...HSBC’s quarterly profit plunged 80 per cent as it took a $3bn charge on the value of its stake in a Chinese bank and a further writedown on commercial real estate....
...Participants at the IMF and World Bank meetings this week in Washington said they were surprised and encouraged by a new focus on private investors as partners with the World Bank for renewable energy projects...
..., followed by Citi, Itaú, HSBC, Santander, Bank of America, Bradesco and Goldman Sachs....
...The drought in M&A in 2022 and 2023 marked a sharp contrast with the previous year when a wave of monetary stimulus from central banks in response to the pandemic encouraged companies and private equity...
...The changes follow rate cuts announced last week by HSBC, Halifax and Leeds Building Society across their residential ranges....
...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....
...The fintech group said on Tuesday that Bhatia, who previously led the digital bank for HSBC’s retail banking and wealth management business in the UK and Europe, would take over from interim chief executive...
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