Archive for Tag: HSBC Stock News

HSBC names Asia co-heads for commercial banking business

HSBC Holdings (NYSE:HSBC) is trading up 0.10% at 434.65 HSBC Holdings (NYSE:HSBC)PLC appointed two executives to run its Asia Pacific commercial banking business as the London-headquartered lender steps up its focus on the region to boost growth. Amanda Murphy, currently the head of its commercial banking business in Britain,...

Read More

HSBC snaps up Axa Singapore assets for $575 million in Asia expansion

HSBC Holdingsis trading down 1.34% at 406.00 HSBC Holdings has agreed to acquire French insurer Axa’s Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income. HSBC said in a statement that the combined unit comprising HSBC Life...

Read More

HSBC doubles profit, hints at share buybacks as bad loan fears ease

HSBC Holdingsis trading up 1.37% at 102.57 HSBC Holdingsbeat forecasts on Monday with first-half pre-tax profit that more than doubled from last year when it set aside $7 billion to cover pandemic-related bad loans. Encouraged by an economic rebound in its two biggest markets of Hong Kong and Britain,...

Read More