After shutting its retail banking business in the United States in 2021, HSBC Holdings PLC HSBC is now set to close its business banking division in the country. This announcement comes amid the ...

Customers were reportedly onboarded without proper sanctions screening. HSBC Malaysia and HSBC Amanah Malaysia were collectively fined about $693,000 (MYR 2.94m) by the central bank for non ...

Earlier in the week, HSBC laid off 40 employees in the division, which is known as business banking. HSBC also announced the decision to the business bank’s roughly 4,400 clients, firms that ...

HSBC Holdings plc HSBC and Banco Santander S.A. SAN are two of Europe’s leading multinational banks, with an extensive global footprint. While HSBC is intensifying its pivot toward Asia (seeking ...

Dubai, UAE: HSBC, the largest international bank in the UAE, has brought its iconic bronze lions – Stephen and Stitt – to its UAE headquarters, marking the first time the bank’s global symbols of ...

We believe that HSBC does not enjoy an economic moat overall. The group's business in Hong Kong is moaty, in our view, with a return on risk-weighted assets of more than 5% significantly exceeding ...

HSBC is in news and not for good reasons. The bank has recently laid off employees working at the mid-senior level (vice-president and above), a report by The Financial Times said.

HSBC stock hit a 20-year high in London on Tuesday, up 40% over the past 12 months and 14% this year. Shares dipped 0.8% to £8.91 on Wednesday, valuing the bank at about £160 billion ($201 billion.) ...

The restructuring also follows HSBC’s acquisition of Silicon Valley Bank UK in 2023, which had raised hopes of a focus on tech-driven investment banking. However, the withdrawal from ECM and M&A ...

The closure of Zing, HSBC's international payments app launched just last year, is both disappointing and unsurprising.In an era where Wise and Revolut continue to disrupt traditional banking ...

“Childcare and disability subsidies and medical benefits will see a rise of up to 38%. Maternity leave is now 98 days,” Lo said in a statement. ... Bhd and HSBC Bank Malaysia Bhd.