Malaysia, Mexico most at risk from Japan carry unwind, HSBC says
Traders are on guard for increased volatility in markets ahead of an election on Feb 8 Bond markets in Malaysia and Mexico are among the most at risk should a further increase in…
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HSBC
HSBC to close Raffles Place branch on Feb 28
Holdings will close a key retail branch in Singapore’s financial district and open a wealth centre at the same building, as the lender doubles down on serving affluent…
HSBC to shut Raffles Place branch amid deeper push into wealth management
The bank has three other wealth centres in the city-state, with one more to be added in February this year Holdings will close a key retail branch in Singapore’s financial…
Mizuho adds HSBC, JPMorgan, Deutsche Bank hires in wave
The firm has also hired a former head of insurance for Europe, the Middle East and Africa at HSBC in Paris Mizuho Financial Group has brought in Jon Connor, Thibaud de Maria and…
HSBC on course for £300 billion valuation, top executive says
Weeks after its market value rose above £200 billion (S$344.6 billion) for the first time in its history, HSBC Holdings is now on course for a capitalisation in excess of £300 billion,…
HSBC to conduct ‘strategic review’ of HSBC Life
HSBC said on Friday (Jan 16) that it would conduct a strategic review HSBC Life, its insurance manufacturing business in Singapore. The review will only cover HSBC Life Singapore, and will…
HSBC weighs future of Singapore life insurance business as analysts assess impact on wealth strategy
The bank says this comes under the group’s global ‘ongoing simplification’ drive HSBC said on Friday (Jan 16) that it would conduct a strategic review of HSBC Life, its insurance…
HSBC, Prudential in US$220 million funding for Hong Kong’s WeLab
The city’s IPO market has seen a flurry of high-profile listings already this year Hong Kong-based fintech firm WeLab has secured US$220 million from investors including HSBC Holdings and…
HSBC considers selling Singapore insurance business: sources
HSBC Holdings is exploring options for its insurance unit in Singapore, including a sale, people familiar with the matter said, following other business revamps globally under CEO Georges…
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East HSBC is opening an asset management business in the UAE and launching 10 onshore funds, it said on…
HSBC veteran James Cheo to join UBS in senior Apac role
Cheo will be based in Singapore and report directly to Tan Min Lan, head of CIO Apac Banking veteran James Cheo will join UBS from HSBC in March as part of the Swiss lender’s chief…
HSBC hires ex-Citi executive Ida Liu to lead its private bank
HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with the matter. Liu replaces Gabriel Castello, who was…
HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill HSBC Holdings is poised to pay around US$300 million to settle a French criminal case into its alleged…
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a…
HSBC overhauls trading business in bid to become debt powerhouse
The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division HSBC Holdings is restructuring its trading division as part of…
Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call
Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research Maybank Research slashed its target price for…
HSBC brings startup-focused Innovation Banking to Singapore, allocates US$1.5 billion to finance high-growth companies
The lender will execute a go-to-market strategy that covers both entrepreneurs and venture capital firms HSBC on Wednesday (Oct 29) launched Innovation Banking in Singapore, targeting…
HSBC is bullish on 2025 despite hit from Madoff provision
HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade…
HSBC to book US$1.1 billion provision after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will recognise a provision of US$1.1 billion in its third-quarter results after a Luxembourg court ruling in a long-running lawsuit tied to the Bernard…
HSBC launches ‘entrepreneurial wealth proposition’ in Singapore
A recent report by the lender names the Republic as entrepreneurs’ top destination for wealth and relocation HSBC on Friday (Oct 24) announced the launch of an “enhanced entrepreneurial…
HSBC expects gold’s ‘bull wave’ to hit US$5,000 an ounce in 2026
The bank has cited geopolitical risks, economic policy uncertainty and rising public debt as factors supporting the price HSBC on Friday (Oct 17) forecast that gold’s bull rally would…
HSBC not exposed to the collapse of scandal-hit First Brands Group
HSBC Holdings is not exposed to the collapse of scandal-hit auto-parts supplier First Brands Group, whose bankruptcy has left some of the biggest players on Wall Street facing hundreds of…
Europe: Ferrari’s steepest fall drags Europe’s stocks, HSBC pulls parking brake
The benchmark remains one of the laggards in 2025, up about 9.2% compared to double-digit per cent gains in other top nations European stocks fell on Thursday (Oct 9), dragged lower by…
HSBC is tackling Hong Kong’s commercial real estate crisis
For those concerned with financial stability, HSBC Holdings is doing the right thing by taking its Hong Kong subsidiary private. But its shareholders do not like it. HSBC’s plan to…