data from Insight & Info Consulting shows. HSBC also grappled with stiff competition and regulatory restrictions in the credit card business in China it never faced in other markets, sources said ...

For more expert insight and ... this morning. HSBC shares moving to the downside off nearly 9% in early trading after taking a $3 billion hit to its operations in China, sending its quarterly ...

HSBC has plans to withdraw its credit card business in China after entering the segment eight years ago, reported Reuters, citing sources. This decision comes as it has been struggling to gain a ...

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — HSBC posted a ...

The chairman of HSBC has been awarded a knighthood despite previously facing criticism over the bank’s controversial ties to China. Mark Tucker, who has chaired HSBC since 2017, was given the ...

HSBC's expansion into China exposes the bank to significant risks due to the country's autocratic government and fragile economic conditions. The bank's current financials and valuation are ...

HSBC Holdings Plc said it expects to record a pretax loss of as much as $1.6 billion after China’s Finance Ministry recapitalizes Bank of Communications Co. The UK lender expects its stake in ...

(Reuters) - HSBC is pulling back from its credit card business in China eight years after its ... and had dropped to 767 million by 2023, data from Insight & Info Consulting shows.

data from Insight & Info Consulting shows. HSBC also grappled with stiff competition and regulatory restrictions in the credit card business in China it never faced in other markets, sources said ...