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MONEYWEB app instead? Banks should remain prudent when deciding on dividends and share buy-backs – ECB. By Nicholas Comfort and Steven Arons, Bloomberg 24 Jul 2021  21:15  Image: Krisztian Bocsi, Bloomberg The European Central Bank said it will lift a cap on how much lenders can return to shareholders with dividends and share buybacks, while urging them to remain cautious given uncertainty in the pandemic. The ECB “decided not to extend beyond September 2021 its recommendation that all banks limit dividends,” the central bank said in a statement on Friday. “Instead, sup...

HSBC bank will retain a network of 20 to 25 locations that will be transformed into international wealth centers.

HSBC to Prune Investment Bank to Fund Expansion in Asian Wealth Bloomberg 2/23/2021 Harry Wilson and Ambereen Choudhury (Bloomberg) -- HSBC Holdings Plc will shift billions of dollars of investment to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy. Popular Searches The London-based bank said it would divert capital from its investment bank in Europe and the U.S. to fund the expansion of its Asian businesses. Europe’s largest lender said it would spend more than $6 billion over the next five years to expand its Asian operat...

HSBC to Prune Investment Bank to Fund Expansion in Asian Wealth Bloomberg 2/23/2021 Harry Wilson and Ambereen Choudhury (Bloomberg) -- HSBC Holdings Plc will shift billions of dollars of investment to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy. Popular Searches The London-based bank said it would divert capital from its investment bank in Europe and the U.S. to fund the expansion of its Asian businesses. Europe’s largest lender said it would spend more than $6 billion over the next five years to expand its Asian operat...

PARIS (BLOOMBERG) -- On a cold day in January last year, Societe Generale's board met at the headquarters of its Russian unit Rosbank, a modern building in central Moscow angled around a cylindrical glass structure. The annual gathering was being held there to honor the unit's strong performance in 2019, but things quickly turned sour: CEO Frederic Oudea had an off-agenda item to discuss. Just weeks earlier, Bloomberg reported that the board had hired head-hunting firm Egon Zehnder to search for potential candidates to eventually succeed Mr Oudea. Stepping up in front of the gathering that in...