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Friday, October 30, 2020



HSBC net profit falls 53%, bank to sell assets in overhaul

February 18, 2020 2:26 pm

London-based HSBC, whose profit is mainly from Asia, said Tuesday that it plans to revamp its US and European business and shed $100 billion in assets to improve its profitability.

HSBC lays off 150 employees from back offices in India

August 22, 2019 6:08 pm

The move comes at a very difficult time domestically, where there are concerns on whether the ongoing economic growth slump would permeate into impacting jobs.

HSBC plans more China tech jobs in push for market share

May 21, 2019 11:39 am

Europe's biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xi'an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West.

Switzerland set to transfer details of Indian account holders in HSBC

February 05, 2019 1:30 pm

The Indian Express has learnt that around six weeks ago, individual Indian account holders received communications from the FTA that the Indian request for banking details meets the requirements specified in the DTA (double taxation agreement) signed by the two countries as well as of the 2012 Federal Act on International Administrative Assistance.

Standard Chartered to stop financing new coal-fired power plants

September 25, 2018 2:37 pm

Standard Chartered said its existing commitments were excluded from its new policy on coal energy. It currently has 14 project financing facilities in seven markets, which fund coal-power stations.

Rising costs and US settlement crimp HSBC's first-half profit

August 07, 2018 9:37 am

Shares in Europe's biggest bank dipped in London as investors and analysts await clearer signs of progress in the new HSBC management's strategy.

HSBC case: ED seizes Rs 21 crore assets of Dabur director

May 23, 2018 3:46 am

The assets have been seized in lieu of those held abroad by Dabur group director Pradip Burman, ED has said.

HSBC InvestDirect settles proceedings with Sebi

January 18, 2018 2:00 am

This was also approved by Sebi’s panel of whole-time members, after which the brokerage firm remitted the amount.

Jayant Rikhye appointed HSBC India CEO

October 24, 2017 2:27 am

Rikhye joined the bank’s India operations in 1989 and his last assignment included being the international head for Asia-Pacific.

India likely to be 3rd largest economy by 2028, says HSBC report

September 17, 2017 1:33 pm

Demographics and macro stability were pointed out as key strengths for the country by brokerage. Its estimates show India will be $ 7 trillion economy in 2028, compared to less than USD 6 trillion and USD 5 trillion for Germany and Japan, respectively.