HSBC’s top lobbyist apologises for slamming UK’s tougher stance on China BEIJING BROUHAHA A senior HSBC exec has apologised after accusing the UK of being 'weak' by responding to American pressure to toughen its stance on China.
The Notebook: Adrian Biles on upholding standards for lawyers and a breathless read about HSBC’s murkier histories opinion Where interesting people say interesting things. Today, it’s Adrian Biles, managing partner of law firm Child & Child Lawyers must live up to a standard – whether trained or otherwise Recent events in the legal profession remind me of the wise words of an early mentor, one of the UK’s leading corporate lawyers. On retirement, [...]
Tide turns against Ping An as HSBC’s pay outs convince investors, analysts, and boost the share price Break-up - or love-in? The tide seemed to turn against Ping An today as HSBC recorded bumper profits and a major shareholder rejected the Chinese insurer’s spin-off campaign.
HSBC to challenge Revolut and Wise with new forex app January 2, 2024 HSBC launches international payments app to rival fintechs Revolut and Wise, to grab a slice of the booming market for affluent customers.
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
HSBC acquires SVB UK for £1 March 13, 2023 HSBC has announced it has acquired Silicon Valley Bank Limited UK for a pound, following a weekend of round-the-clock negotiations.
Analysis: Has HSBC’s Noel Quinn done enough to ward off Ping An’s split campaign? February 21, 2023 HSBC’s CEO Noel Quinn said today that “international connectivity remains our greatest strength.” It was clear he was attempting to ward off shareholder Ping An’s ongoing campaign to spin out HSBC’s Asian business, which makes the majority of the bank’s profit. Quinn was speaking after the lender announced its results for the final quarter of [...]
HSBC wants to pay top brass Wall Street salaries February 25, 2024 The bank told its investors that it plans to discuss restructuring how Noel Quinn, the firm’s CEO, is remunerated even though his pay nearly doubled last year to £10.6m thanks largely to long-term performance bonuses kicking in.
Investors pressure HSBC over oil and gas funding transparency February 11, 2024 The company has come under fire for not disclosing emissions as part of its capital markets strategy involving oil and gas companies
Royal Bank of Canada’s £8bn bid for HSBC approved December 22, 2023 The Canadian government has green-lit a $10.2bn (£8bn) bid by the Royal Bank of Canada (RBC) for HSBC's domestic unit, HSBC Canada.