Hsbc

Economy ends 2024 strong as business growth reaches 4-month high, shows PMI

Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms

HSBC, WB's IFC launch $1 bn trade finance programme for emerging markets

The deal aims to support cross-border trade and bolster exports in critical industries

Australian lender ANZ names former HSBC wealth chief Nuno Matos as new CEO

Hong-Kong-based Matos has served in several of HSBC's largest regions, including Europe and Latin America, and was among the internal candidates vying to take over as CEO of HSBC

HSBC appoints Lisa McGeough to lead US biz as CEO Elhedery shuffles leaders

The appointment comes as part of a sweeping overhaul by new CEO Georges Elhedery, who has made a raft of leadership changes and split the lender's geographic footprint into East and West

Wedding season sparks 2-wheeler boom but passenger vehicles hit the brakes

As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

HSBC pulling back from China credit card biz after struggling to expand

HSBC has stopped issuing new cards and is working towards winding down the service offered to a large part of China onshore customers

HSBC stops processing all Russia, Belarus payments for retail customers

A message sent from the bank to its personal banking customers and seen by Reuters said the lender has 'made the decision to stop processing payments' from the two countries

HSBC relaunches 'Premier' brand in UK in pursuit of wealthy customers

HSBC aims to double assets under management in its British wealth business to 100 billion pounds

SBI seeks $1.25 bn in country's largest dollar-denominated loan of 2024

India's top lender is raising the facility for general corporate purposes through its branch at the Gujarat International Finance Tec-City

DBS Bank nominates Rajat Verma to be next India unit CEO, say sources

Rajat Verma was appointed DBS managing director and head of institutional banking for India last year

Meet Pam Kaur: HSBC’s first-ever female CFO in its 160-year history

Who is Pam Kaur, HSBC's first female CFO in the company's 160-year journey?

Pam Kaur joined HSBC in April 2013 as the Group Head of Internal Audit and had been considered a top contender for the CFO role since September

Pressure amps up on Infosys, Wipro likely to beat high expectations

The 2025 financial year has been seen as one of recovery for Indian IT companies after a slowdown in spending from US-based clients brought revenue growth down to the low single-digits in the previous

HSBC weighs cost-cutting plan of up to $300 million, targeting top ranks

Reported $300 million in savings would be a fraction of group costs that reached $16.3 billion in the first six months this year, 5 per cent higher than in the same period a year ago

Slowdown in business activity pulls flash PMI to its lowest levels in 2024

The rise in employment in the service sector was the steepest since August 2022

Decision paralysis: 69% Indians find it hard to plan for future, says study

The HSBC study highlights that confidence is a key issue, as 62 per cent of those surveyed feel they are not well-prepared to manage important decisions

JPMorgan Chase eyeing Swiss corporate business gains, blockchain boost

One of the leading foreign banks in Switzerland alongside peers including Deutsche Bank, Citigroup, HSBC and BNP Paribas, JPMorgan has given itself three to five years to expand its position

78% of wealthy Indian parents send kids abroad, risking retirement savings

Only 53 per cent of wealthy parents have education savings for their kids abroad; 40 per cent expect student loans, 51 per cent hope for scholarships, and 27 per cent are willing to sell assets

IT revenue per head rises 6% in June quarter of FY25, says report

Revenue per employee or RPH is an important parameter in the industry as it is considered to be a proxy for pricing trends

HSBC Mutual Fund unveils new export-themed equity scheme: Check details

HSBC India Export Opportunities Fund has the flexibility to invest in companies that are part of the exports theme across market capitalization - large cap, mid cap and small cap companies