Page 8 - Greg Guyett News Today

Europe's biggest bank, HSBC, is in an impossible political situation, caught between London and Hong Kong. South Africa's TymeBank will have it easier expanding into the Philippines....HSBC

HSBC has shaken up its top team ahead of a major strategy update today that will see it pivot to Asia.  The lender, which is slimming down its European and US operations as it boosts its focus on China and other fast-growing economies in the region, said chief financial officer Ewen Stevenson will take on responsibility for the banks transformation and mergers and acquisitions.  Stevenson, who joined HSBC from Royal Bank of Scotland in 2019, is a key lieutenant of chairman Mark Tucker and the...

There will also be results from Holiday Inn owner Intercontinental Hotels, chemicals specialist Croda International and household goods manufacturer...

HSBC’s Asia bankers do better than peers as bonus pool cut 20% Premium (FILES) This file photo taken on September 21, 2020 shows pedestrians walking past the logo for HSBC in Hong Kong. - HSBC was expected on February 23, 2021 to announce their 2020 annual results later in the day. (Photo by ISAAC LAWRENCE / AFP) (AFP) The bank saw a 20.4% drop in discretionary awards to about $2.66 billion for 2020 Most European financial institutions have been seeking to keep a lid on discretionary payouts...

The FTSE 100 was set for a heavy fall today as sharp rises in sterling and bond yields outweigh the easing of some Covid lockdown restrictions. Asian markets have been having a weak session, leaving the FTSE-100 expected to open down nearly 56 points at 6588.9,according to trading on the IG Index platform. The falls come despite expectations the UK will begin easing coronavirus restrictions, with a focus on schools and family gatherings. Last...

TOP NEWS SUMMARY: UK To Ease Virus Lockdown As US Nears 500,000 Deaths Mon, 22nd Feb 2021 11:36 (Alliance News) - The following is a summary of top news stories Monday. COMPANIES The US Federal Aviation Administration ordered extra inspections Sunday of some Boeing 777 passenger jets, after a United Airlines flight suffered engine failure a day earlier, scattering debris across a Colorado community. FAA Administrator Steve Dickson said the order meant some 777s would "likely" be removed from se...

A cadre of senior executives is set to relocate in coming months to Hong Kong from HSBC’s Canary Wharf headquarters, say people familiar with the plans, as Europe’s biggest bank pares its global ambitions. Chief Executive Officer Noel Quinn will begin marketing what’s known internally as the “pivot to Asia” on Tuesday when he announces 2020 earnings. Moving the trio — Nuno Matos, chief executive of wealth and personal banking; Greg Guyett, co-head of global banking and markets, and ...

HSBC’s top executives prepare move to Asia after announcement of 2020 earnings Premium (Bloomberg) . Updated: 21 Feb 2021, 05:16 AM IST Bloomberg The coming reset comes just 12 months after an overhaul that called for cutting 35,000 jobs, about 15% of the total, over three years. But Chairman Mark Tucker told the Asian Financial Forum conference in January that the pandemic has upended those plans Share Via Read Full Story HSBC Holdings Plc is considering the return of some global leaders t...

A cadre of senior executives to move to Hong Kong from HSBC's Canary Wharf headquarters

HSBC mulls sending senior executives back to Hong Kong roots 21 February 2021 - 18:35 Harry Wilson Picture: REUTERS/BRENDAN MCDERMID London — HSBC is considering the return of some global leaders to the bank’s original hometown, reinforcing Asia’s role as its centre of gravity. A cadre of senior executives is set to relocate in coming months to Hong Kong from HSBC’s Canary Wharf headquarters, said people familiar with the plans, as Europe’s biggest bank pares its g...