The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.

HSBC has evolved from a global bank, where two decades ago half of its capital was deployed outside the United Kingdom and Hong Kong, to a somewhat more geographically focused group centred mainly on ...

To implement the revised agreement approved by China's State Council to lift the restriction on Hong Kong and Macau banks' ...

CEO Georges Elhedery has shaken up structure and leadership since taking over in September to focus on areas of strength ...

Boss Georges Elhedery (pictured) appeared to play down concerns over the blocking of pension savings from UK nationals who ...

HSBC's headcount fell 3 per cent last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...

Hang Seng Bank is well capitalized and in solid financial shape. Even after recording large provisions in 2022 and 2023 for its exposure to mainland China commercial real estate, its common equity ...

HSBC is reportedly planning to offload its retail banking division in Bahrain to the Bank of Bahrain and Kuwait (BBK), as ...

HSBC (HSBC), the Hong Kong- and U.K.-focused bank, expects to pay $1.8B over two years in severance and other up-front costs ...

HSBC reported a pre-tax profit of $32.3bn for 2024 which exceeded analyst forecasts, and announced a new $2bn share buyback. For the final three months of 2024, pre-tax profit came in at $2.3bn, up $1 ...

Hong Kong-based Hang Seng Bank said on Wednesday Edward Cheng, chief of Wing Tai Properties, will succeed Irene Lee as the chairman of the board.