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HSBC's new boss eyeing middle management cull - report
HSBC Holdings PLC's (LSE:HSBA) new chief executive Georges Elhedery mulling a cull of middle management, according to a report. Under threat are several heads of country plus executives that report to Elhedery, Bloomberg reported.
HSBC share price: 7% dividend yield and new CEO are catalysts
HSBC (LON: HSBA) share price continued its slow recovery this week as investors focused on the upcoming management changes at the biggest bank in Europe. The stock jumped to a high of 665p on Tuesday, its highest point since August 1.
Goldman Sachs, HSBC & Others to Pay $20M Over Metal Trading Probe
Goldman, HSBC, BASF and ICBC Standard Bank agreed to pay $20 million to settle the long-standing platinum price-fixing antitrust lawsuit.
HSBC: This is the 'most striking data point' that highlights China's growth challenges
Cheuk Wan Fan, HSBC's Chief Investment Officer for Asia, discuss the headwinds facing China's economy and explains her neutral positioning in China and Hong Kong markets.
HSBC: More interest rate hikes imminent in Japan
Frederic Neumann, chief Asia economist and co-head global research Asia at HSBC, says that more monetary tightening is expected in Japan.
HSBC India Forms Bancassurance Partnership With Bajaj Allianz
HSBC India enters a bancassurance partnership with Bajaj Allianz to offer the latter's insurance products and services to its customers in India.
The U.S. labor market is slowing but it's not cracking, says HSBC
James Cheo, chief investment officer at HSBC Global Private Banking and Wealth, says it's a good time to get into investment grade bonds.
HSBC looks to double UK wealth business as banks target 'mass affluent'
HSBC aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division's head told Reuters, joining rivals in targeting more fee income from the UK's 'mass affluent'.
HSBC Explores South Africa Exit Under Asia Pivot Strategy
To align with its Asia-focus strategy, HSBC is mulling to divest its businesses in South Africa. This is likely to allow the company to expand in high-growth markets.
HSBC undercuts rivals on mortgages as rates look to head toward 3.5%
HSBC Holdings PLC (LSE:HSBA) has cut mortgage rates to the lowest level among big bank rivals, prompting speculation for a fall in typical interest to around 3.5% by the year-end. Premier account holders at the lender can now access five-year fixes at 3.81% following HSBC's latest cut, which comes after a string of reductions among rivals.
HSBC eyeing sale of South Africa business as disposals continue
HSBC Holdings PLC (LSE:HSBA) is continuing its retrenchment back to Asia with its South African business the next to be offloaded, a Bloomberg report claimed this morning. London-headquartered HSBC has already disposed of its subsidiaries in the US, France and Canada with a deal pencilled in to sell its Argentinian unit in April.
HSBC mulls sale of South Africa businesses amid Asia pivot, Bloomberg News reports
HSBC Holdings , is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once globe-spanning company continues to pivot its focus towards Asia.
