HSBC
London-headquartered and Shanghai Banking Corporation, or HSBC, is one of the world's biggest financial institutions. Founded on 1865 in Hong Kong, it is now the second largest bank in Europe, just behind BNP Paribas.
See below for the Latest HSBC News, Analysis, Profit Results, Share Price Information, and Commentary.
HSBC Malaysia penalized $690,000 for customer screening non-compliance
HSBC Malaysia penalized $690,000 for customer screening non-compliance
Customers were reportedly onboarded without proper sanctions screening.
Malaysia fines two banks for non-compliance with AML/ CFT requirements
BPMB reportedly did not properly screen existing customers for risk.
HSBC cuts dozens of analyst jobs in investment banking overhaul: report
Most of the cuts were in Europe, a source said.
HSBC unveils Tokenised Deposit Service in Hong Kong for treasury management
Ant International is HSBC’s first client to adopt the service.
HSBC enhances entrepreneurial wealth proposition in Hong Kong
It has launched two programmes to support businesses and private banking clients.
Hang Seng Bank restructures business, will cut 1% of core staff: report
An earlier report said that the bank is cutting 10% to 50% of staff in some teams.
HSBC Global Private Banking names Kapil Khanna as desk head for three markets
Khanna was head of international investment counselling in HSBC.
HSBC group chairman Mark Tucker announces retirement
The HSBC board has commenced the process to select a successor, it said.
HSBC Singapore unveils wealth centre at The Star Vista mall
Premier customers can enjoy complimentary refreshments at the adjacent café.
HSBC nabs Deutsche banker for North Asia and HK head of Global Private Banking
She joins from Deutsche Bank.
HSBC’s Yvonne Yiu says the future of payments is instant
She credits her propensity to ask questions for becoming one of HSBC’s top leaders.
HSBC Singapore unveil entertainment platform for Premier Mastercard clients
It offers preferential and exclusive access to certain shows.
Hang Seng Bank welcomes HK budget initiatives
Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans.
Thai banks told to use dynamic pricing
They are struggling because their pricing strategy is not transparent and too reactive.
HSBC’s profits rise in FY2024; total dividend is $0.87
The fourth interim dividend is $0.36 per share.
HSBC sells Bahrain retail banking business
It expects to complete the transaction in Q4 2025.
HSBC cuts Philips’ currency transactions in China
‘Netting’ cut Philips’ cross-border transactions from 4,000 yearly to just one a month.
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Thailand backs major conglomerates for digital banks but risks stifling innovation