Stay updated with breaking news from Greg Guyett. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 bank's 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 move suggests there may be more deal-making on the horizon. New direction: HSBC is slimming do...
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 this year Share Via Read Full Story HSBC Holdings Plc’s bankers in Asia were paid bigger bonuses ...
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...