Denise Wee
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HSBC Mulls Merging Commercial, Investment Bank To Cut Costs
The combined division would become the bank’s largest revenue generator, contributing about $40 billion a year to HSBC’s coffers and leapfrogging its wealth and personal banking business.
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Standard Chartered Announces $1 Billion Buyback As Profit Beats
Reporting fourth-quarter profits that beat analyst estimates, Standard Chartered said it would kick off a fresh $1 billion buyback.
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StanChart CEO Bill Winters’ Pay Increases To $10 Million
Standard Chartered’s biggest rival HSBC Holdings Plc this week said CEO Noel Quinn’s total compensation nearly doubled to £10.6 million in 2023.
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Mumbai Trump Tower Builder Downgraded By Moody's Amid Real Estate Crisis
Property companies, which have been increasingly relying on shadow banks for borrowing, are struggling to roll over debt as the lenders themselves are facing a cash squeeze, raising prospects of a wave of defaults.
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Wall Street Banks Prep For Grim China Scenarios Over Taiwan
Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan.
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Jet Airways Crisis: $500 Million In Cash Needed Immediately
Shares of Jet Airways plunged as much as 15 percent Friday in Mumbai after the company postponed announcing its first-quarter earnings.
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HSBC Boosts Parental Leave For Employees In Hong Kong
HSBC Holdings Plc increased the amount of parental leave it offers to its 20,000 employees in Hong Kong.
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HSBC Cuts At Least Four Bank Jobs In Hong Kong As Deals Dry Up
The bank cut staff within its commercial banking origination unit for Greater China.
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HSBC Cuts At Least Four Bank Jobs In Hong Kong As Deals Dry Up
The bank cut staff within its commercial banking origination unit for Greater China.
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UBS Allows Wealthy Clients To Trade Crypto ETFs In Hong Kong
The Swiss bank included the Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs.
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HSBC Hopes Results Please Ping An, Which Had Sought Breakup
HSBC Holdings Plc Chief Executive Officer Noel Quinn said he hopes the bank’s latest quarterly performance has been greeted positively by Ping An Insurance Group Co., a key Chinese shareholder that earlier pushed for a breakup of the UK bank.
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HSBC Buys Citi’s $3.6 Billion China Retail Assets In Expansion
The portfolio comprises about $3.6 billion in assets and deposits from wealth customers across 11 major cities, HSBC said.
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HSBC Buys Citi’s $3.6 Billion China Retail Assets In Expansion
The portfolio comprises about $3.6 billion in assets and deposits from wealth customers across 11 major cities, HSBC said.
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StanChart’s Asia CEO Ready For Bumpy Road, Bets On China Wealth
Standard Chartered Plc’s Asia Chief Executive Officer Benjamin Hung is convinced the Chinese wealth spigots will keep on flowing.
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StanChart’s Asia CEO Ready For Bumpy Road, Bets On China Wealth
Standard Chartered Plc’s Asia Chief Executive Officer Benjamin Hung is convinced the Chinese wealth spigots will keep on flowing.
