HSBCsaidonTuesdaythatitsreportedpre-taxprofitfor2017stoodatUS$17.2billion,up141percentontheequivalentfigurefor2016,whenthebankbookedlossesonanumberofone-offitem
HSBCHoldingsPLConMondaysaidprofitgrew5percentinthesixmonthsthroughJuneandannounceditsthirdsharebuybackinayear,indicatingcontinuedprogressinthesix-yearturnaround
Bank targeting three million users, but will need to overcome competition from mobile payment providers
A senior HSBC Holdings Plc manager has been arrested and charged alongside a former foreign exchange executive with engaging in a scheme to front-run a $3.5 billion transaction by one of the bank's clients, U.S. prosecutors said on Wednesday.
HSBC reportedly on the carpet for money laundering and a report claims bank still not doing enough to thwart the practise
Chief Executive of the Hong Kong Monetary Authority (HKMA) Norman Chan said on Monday that the HKMA respects the decision of HSBC Holdings' decided to keep its headquarters in London.
British bank HSBC announced Tuesday that it will shut down almost all of its activities in Brazil, and will instead concentrate more on its presence in Asia, mainly in China and India.
HSBC is to move its national headquarters from London to Britain's second largest city, Birmingham.
Argentina's tax chief said Monday that the country demands HSBC Holding PLC to repatriate 3.5 billion U.S. dollars as the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad.
HSBC Holdings plc's two top bosses Wednesday apologized for its Swiss unit's "unacceptable" practice on dodging tax for its clients.
China's manufacturing activity improved slightly in February thanks to increased output and new orders, according to HSBC's preliminary purchasing managers' index (PMI) released on Wednesday.
China's manufacturing activities rose to a six-month high in September, according to a preliminary survey from HSBC.
China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC.
As the U.S. dollar strengthened further after Fed Chairman Bernanke indicated the possibility of scaling back quantitative easing and after discussions among Fed officials of exiting from monetary stimulus during the Federal Open Market Committee meeting last week were revealed, financial analysts here have predicted that majority of the Asian currencies may decline for quite some time to come.
The Thailand-based Charoen Pokphand Group (CP Group) has bought HSBC's shares in China's Ping'an Insurance Co., replacing the latter as the insurer's largest stock holder.
December's HSBC China final manufacturing PMI rose to a 19-month high of 51.5, thanks to stronger new business in-take and expansion of production, according to figures released by HSBC Monday.
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