HSBC
SGX starts trading in BYD, Alibaba, Tencent, HSBC and BOC via depository receipts
INVESTORS in Singapore can now gain direct exposure to five mega-cap companies listed in Hong Kong and tap into more opportunities to diversify their portfolios through new Singapore Depository...
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a major restructuring of its business.Europe’s largest bank said on Tuesday...
HSBC coy on cost savings of revamp as quarterly profit tops expectations
HSBC Holdings beat third-quarter profit expectations on Tuesday (Oct 29) thanks to rising wealth and wholesale banking revenue, but kept investors waiting for more detail on how a sweeping...
HSBC CEO tells staff senior redundancies inevitable after revamp
SOME senior HSBC staff should brace for job cuts after the bank’s latest restructuring, chief executive Georges Elhedery told staff in a memo seen by Reuters on Wednesday (Oct...
HSBC revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and...
HSBC probes China Pinnacle wealth business on costs and control: sources
HSBC Holdings is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of...
HSBC mulls cost-cutting plan of up to US$300 million, targeting top ranks: report
HSBC CEO Georges Elhedery is weighing cost-cutting measures that could save up to US$300 million by reducing top management layers, the Financial Times (FT) reported on Thursday (Oct 10).The...
HSBC plans risk transfer linked to 2 billion euros of corporate loans
HSBC Holdings plans to issue a significant risk transfer (SRT) linked to a portfolio of about 2 billion euros (S$2.9 billion) of corporate loans, according to people familiar with...
