HONG KONG: Hong Kong-based lender Hang Seng Bank said on Thursday that it was restructuring its business and streamlining duplicate roles in a move that would lead to job losses for about 1% of ...

Hong Kong-based lender Hang Seng Bank said on Thursday that it was restructuring its business and streamlining duplicate roles in a move that would lead to job losses for about 1% of its "core staff".

HSBC subsidiary Hang Seng Bank appointed Gilbert Lee Man-lung, the eldest son of Hong Kong Chief Executive John Lee Ka-chiu, as deputy head of its China unit.

Hang Seng Bank has a 7% share of deposits in Hong Kong as of the end of 2023, ranking fourth in the market after HSBC with 33%, Bank of China (Hong Kong) with 16%, and Standard Chartered with 12%.

Hang Seng Bank (HSNGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Hang Seng Bank has a 7% share of deposits in Hong Kong as of the end of 2023, ranking fourth in the market after HSBC with 33%, Bank of China (Hong Kong) with 16%, and Standard Chartered with 12%.

Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products.

Hong Kong’s securities regulator said on Monday (Jan 27) it had fined Hang Seng Bank US$8.52 million for overcharging its clients while selling investment products.

Hang Seng Bank’s Remuneration Committee is tasked with overseeing the bank’s remuneration framework to ensure it aligns with HSBC Group’s policies and complies with local regulations.

Hang Seng Bank (HK:0011) has released an update. Hang Seng Bank has appointed Catherine Zhou as a Non-executive Director, effective October 25, 2024.

Hang Seng Bank Ltd (HSNGY) recently announced a dividend of $0.41 per share, payable on 2024-04-01, with the ex-dividend date set for 2024-03-05. As investors look forward to this upcoming payment ...

Hang Seng Bank Ltd. trimmed its mainland China commercial real estate exposure by a third last year to reduce its risk in the struggling sector.