The latest strategy shift comes after some shareholders in Asia argued that the £146bn bank should relocate to China and reduce its focus on London. Tensions led to Chinese insurer Ping An, HSBC ...
HSBC has unveiled plans to slash chunks of its investment bank across Europe and America, as bosses seek to focus increasingly on China. Europe’s biggest bank has told staff it plans to axe ...
HSBC makes most of its money from Asia, after recording more than $16bn in profits from China and Hong Kong last year – more than half of the $30bn recorded group wide. The UK only accounted for ...
Europe's largest bank's decision to close its international payments app could result in the loss of around 400 jobs, according to a source close to the situation. The unnamed source told the Reuters ...
The UK-based firm makes much of its profit in Asia, including China. "I was speaking at a private event under Chatham House Rules and my personal comments do not reflect the views of HSBC or the ...
However, the 2024 HSBC Global Entrepreneurial Wealth Report reveals that 66 per cent of respondents from Hong Kong do not have a wealth transfer plan, while 64 per cent have yet to create a ...
China’s “Big Four” banks had a remarkable year in 2024, delivering impressive returns despite a challenging macroeconomic environment characterised by sluggish economic growth, low consumption, and a ...