Archive for Tag: HSBC

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,...

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European Stock Futures Steady; HSBC Results Impress

European stock markets are expected to open in a steady manner Monday, with investors weighing strong results from banking giant HSBC as well as China’s latest Covid-19 outbreak. At 2:10 AM ET (0610 GMT), the DAX futures contract in Germany traded 0.1% lower, while CAC 40 futures in France...

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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...

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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,...

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