Latest News for: Hsbc asia

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HSBC London brass move to Hong Kong in Asia drive

Asiatimes 16 Apr 2021
London-headquartered HSBC bank is relocating four senior executives to Hong Kong as it seeks to extend its business reach across its main market, Asia ... HSBC makes 90 percent of its profit in Asia, with China and Hong Kong the major drivers of growth ... HSBC’s strategy sees it ...
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US powerhouse Citgroup takes retail banking exit from China, India and Australia

Gulf News 16 Apr 2021
Overall, international banks had a 1.2 per cent share of assets in 2020 in Asia's largest economy, compared to 1.8 per cent in 2010, McKinsey & Co ... HSBC is looking to deepen its push into mainland China and has singled out South Asia as a geography for expansion, specifically in wealth management.
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US powerhouse Citigroup takes retail banking exit from China, India and Australia

Gulf News 16 Apr 2021
Overall, international banks had a 1.2 per cent share of assets in 2020 in Asia's largest economy, compared to 1.8 per cent in 2010, McKinsey & Co ... HSBC is looking to deepen its push into mainland China and has singled out South Asia as a geography for expansion, specifically in wealth management.
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Citi's retreat highlights global banks’ struggle in India, China

Live Mint 16 Apr 2021
Overall, international banks had a 1.2% share of assets in 2020 in Asia’s largest economy, compared to 1.8% in 2010, McKinsey & Co ... HSBC is looking to deepen its push into mainland China and has singled out South Asia as a geography for expansion, specifically in wealth management.
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Citi on Hong Kong hiring spree in effort to triple client numbers

Metro USA 16 Apr 2021
bank said it would withdraw from consumer banking in 13 markets in Asia and Europe, including Australia, mainland China, Korea and Thailand ... in Asia, both the newly affluent and the super rich ... HSBC’s latest strategy, for example, has a focus on wealth management in Asia.
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Citigroup to exit consumer banking in 13 markets

BBC News 16 Apr 2021
Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East ... We will operate our consumer banking franchise in Asia and EMEA solely from four wealth centres, Singapore, Hong Kong, UAE and London," Ms Fraser said in a statement.
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KBC's decision on Ireland regrettable - Donohoe

RTE 16 Apr 2021
Finance Minister Paschal Donohoe said that KBC's decision to leave the Irish market is regrettable, particularly as it comes so soon after NatWest's decision to withdraw Ulster Bank from the Irish banking sector ... He said Citigroup are exiting Asia and HSBC Bank have also made similar announcements recently ... .
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The woman building HSBC's 3,000 roaming banker army

BBC News 15 Apr 2021
HSBC has started hiring hundreds of bankers to search for wealthy clients across China ... The venture, known as HSBC Pinnacle, is part of chief executive Noel Quinn's plan to pivot the bank more towards Asia and to focus on wealth management ... HSBC has about $1.6tn (£1.2tn) in funds from its wealth business, half of which comes from Asia.
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HSBC shifts key executives from London to Hong Kong

The Times/The Sunday Times 15 Apr 2021
Four senior bosses at HSBC are relocating from ... HSBC has found itself under fire from British politicians amid concerns about Beijing’s recent clampdown.
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Lexus signs new sponsorship deal with HSBC Women's World Championship

Manila Standard Today 15 Apr 2021
David Nordstrom, Vice President at Lexus Asia shares, “We are honoured for the opportunity to work alongside like-minded partners like HSBC, Rolex and the Singapore Tourism Board (STB) in supporting the resumption of prestigious events of this scale.
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HSBC moves another UK executive to Hong Kong as it doubles down on its shift ...

The Daily Mail 14 Apr 2021
HSBC has doubled down on its shift to Asia, sending yet another of its top executives from London to Hong Kong ... HSBC, which was founded in Hong Kong by Scotsman Thomas Sutherland in 1865, has been ramping up its business in Asia as it cuts back its less profitable divisions in Europe and the US.
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HSBC is moving the heart of the bank back to Hong Kong

Henry Herald 14 Apr 2021
HSBC will move four of its most senior executives to Hong Kong later this year, as the London-based bank focuses more attention on fast-growing markets in Asia ... HSBC derives the vast majority of its profit from Asia, where it was founded 156 years ago as the Hongkong and Shanghai Banking Corporation Limited.
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HSBC moves another UK executive to Hong Kong

This is Money 14 Apr 2021
HSBC has doubled down on its shift to Asia, sending yet another of its top executives from London to Hong Kong ... HSBC, which was founded in ...
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As the HSBC share price stays cheap I’d invest £5k

The Motley Fool 13 Apr 2021
The HSBC (LSE ... The Asia-focused bank is, in my view, one of the best ways to invest in the region’s economic growth ... The HSBC share price opportunity. While HSBC is listed on the London market, it isn’t really a UK company ... By exiting non-core, loss-making businesses, HSBC can free up capital to move to Asia, where returns are higher.
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Petron bares plan to issue $550-m securities this month to repay debt

Manila Standard Today 13 Apr 2021
Oil refiner Petron Corp ... The securities will be traded on the SGX-ST in a minimum board lot size of $200,000 ... is the sole global coordinator while DBS Bank Ltd., HSBC, MUFG Securities Asia Limited, SMBC Nikko Capital Markets Limited, Standard Chartered Bank and UBS AG Singapore Branch are joint lead managers and joint bookrunners ... .
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