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HSBC Braces for $1.6 Billion Hit in China Shakeup -- But Investors Are Getting a $3 Billion Surprise
HSBC Holdings (NYSE:HSBC) is staring down a potential pretax loss of up to $1.6 billion after China's Finance Ministry announced a $69 billion recapitalization for four major state-owned banks ...
Global banks see gains ahead for China’s property stocks, with some projecting increases of close to 20 per cent for certain developers this year, driven by record-low mortgage rates and ...
HONG KONG (Reuters) - HSBC's top wealth manager overseeing China will leave the role soon in an Asian leadership reshuffle, as the lender also cuts hundreds of jobs from its digital wealth project ...
The new grant provides up to $25,000 in down payment assistance for homebuyers who are buying a home with an HSBC CommunityWorks mortgage, an existing product that offers $5,000 in closing cost ...
HSBC Holdings PLC HSBC plans to close its credit card operations in China as it faces challenges ... N.A., completed the sale of its residential mortgage servicing, mortgage servicing rights ...
HSBC Holdings Plc’s head of loan syndications for Greater China, Anita So, is retiring after a 36-year career in banking, according to people familiar with the matter. Her last day with HSBC is ...
The China Securities Regulatory Commission (CSRC) has granted HSBC China a domestic fund custody licence, a step that allows the lender to boost its cross-border securities services business.
HSBC UK has introduced technology that will make UK mortgages more accessible for international homebuyers. The technology will allow international mortgage applicants to retrieve their credit history ...
Banks play a key role in monetary policy transmission, with one major action being the reduction of all existing mortgage ... HSBC Holdings PLC ADR (NYSE:HSBC) holds a 19% stake. For HSBC ...
Visitors gather at HSBC's booth during the sixth China International Import Expo in Shanghai in November. PHOTO/CHINA DAILY HSBC China has completed the acquisition of Citi's retail wealth ...
HSBC China has completed the acquisition of Citi's retail wealth management portfolio in the Chinese mainland, HSBC said on Tuesday. The portfolio of investment assets and deposits, and associated ...
HSBC China acquired Citigroup's retail wealth management portfolio, integrating assets from 11 major cities into its WPB operations. HSBC's mainland China Net New Invested Assets nearly doubled Y ...
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