Business
UK’s digital bonds to be issued using HSBC blockchain platform
The plans also come as large financial institutions around the globe ramp up efforts to tokenise other financial instruments The UK…
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HSBC
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HSBC to cull underperformers as some bankers face zero bonuses
It wants to emulate its Wall Street rivals with a more hard-edged, “eat-what-you-kill” stance Holdings is preparing to hand some bankers…
Business
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…
Business
HSBC to close Raffles Place branch on Feb 28
The bank has three other wealth centres in the city-state HSBC Holdings will close a key retail branch in Singapore’s financial district…
Business
HSBC to shut Raffles Place branch amid deeper push into wealth management
Holdings will close a key retail branch in Singapore’s financial district and open a wealth centre at the same building, as the lender…
Business
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…
Business
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…
Business
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…
Business
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…
Business
HSBC, Prudential in US$220 million funding for Hong Kong’s WeLab
The fintech has over 70 million individual users and more than 700 enterprise customers Hong Kong-based fintech firm WeLab has secured…
Business
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…
Business
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…
Business
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…
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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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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)…
Business
HSBC Forecasts Robust 7.9% GDP Growth for Vietnam in 2025
Vietnam's GDP is predicted to grow 7.9 percent in 2025, according to a report published Tuesday by local media outlet VNExpress, which…
Business
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…
Business
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…
Business
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)…
Business
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…