Aug 30, 2021 04:50 PM IST
Rajnish Kumar will also be a member of the Audit Committee and Risk Committee of HSBC's Asian entity, which includes the Indian operations of the bank.
- Aug 25, 2021 05:49 PM IST
Dave is a General Manager within the HSBC Group and a member of the Asia Pacific Executive Committee of HSBC, underlining the importance of the India business to HSBC, the bank said.
- Aug 05, 2021 10:15 AM IST
The move matches Wall Street rivals' salary offering in a sector jostling for staff amid increased deal volumes
- Jun 17, 2021 07:29 PM IST
The bank said the dabbawalas service 2 lakh people daily and the pandemic brought all their operations to a sudden halt as people started working from home due to mobility restrictions.
- Jun 07, 2021 11:11 AM IST
Liao, who was HSBC's head of global banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will continue to run the region as a single entity and be based in Hong Kong.
- May 24, 2021 03:09 PM IST
HSBC's stance on cryptocurrencies comes as Bitcoin has tumbled nearly 50 percent from the year's high, after China cracked down on mining the currency and prominent advocate Elon Musk tempered his support.
- Apr 07, 2021 07:15 PM IST
Around 70 percent of the bank's 1,800 call centre staff based across England, Wales and Scotland had volunteered to never return to the office, Unite, one of Britain's biggest employment unions, told Reuters.
- Apr 06, 2021 05:42 PM IST
An Indian tax intelligence agency in mid-March ordered HSBC and Citibank in Mumbai to freeze accounts of ByteDance India as it probed some of the firm's financial dealings. ByteDance challenged the move in court saying the freeze amounted to harassment and was done illegally.
- Feb 23, 2021 03:41 PM IST
HSBC aims to cut its office footprint by 40 percent over the long-term, the bank said in an analyst presentation accompanying its full-year results without giving further details.
- Feb 22, 2021 06:10 PM IST
The exit from the US consumer business will form part of the lender's strategy update due on Tuesday, as Chief Executive Noel Quinn seeks to cut costs, boost fee income and continue the lender's shift towards Asia.
- Jan 26, 2021 10:21 PM IST
HSBC's IBU branch at Gujarat International Finance Tec City (GIFT City) will be operational for customer transactions with effect from January 27.
- Jan 10, 2021 08:30 PM IST
The investors want HSBC to set short and medium-term targets that are in line with the goals of the Paris climate agreement, which aims to limit global warming to 1.5 degrees Celsius above pre-industrial norms by mid-century.
- Oct 29, 2020 04:32 PM IST
Abhay Soi, a first-generation entrepreneur and turnaround expert in the hospitals segment is the Chairman of Max Healthcare. He holds a 23.26 percent stake while co-promoter private equity firm KKR holds 51.94 percent.
- Oct 09, 2020 12:41 PM IST
While other UK banks such as NatWest have already set similar net-zero goals, HSBC's aim to achieve it across its huge Asia-focused client base is one of the most significant pledges made by a global lender to date.
- Jul 21, 2020 01:30 PM IST
According to HSBC's Navigator report, almost half (46 percent) of Indian businesses covered under a survey felt 'very strongly' impacted by the pandemic, yet more than half (54 percent) felt they were as well prepared as they possibly could be.
- Jul 17, 2020 05:15 PM IST
Hong-Kong-based Zaimi, who has worked at HSBC for more than 16 years, only took up a supplementary position as co-global head of securities financing in March, shortly after the bank unveiled a new strategy to shrink its Global Banking & Markets division and cull thousands of jobs.
- Jun 23, 2020 12:30 PM IST
The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.
- Jun 17, 2020 11:20 AM IST
The bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo sent to the bank's 235,000 staff worldwide.
- Jun 07, 2020 09:21 AM IST
Tucker made the claim in private representations to British Prime Minster Boris Johnson's advisers, the newspaper reported, citing industry and political sources.
- May 20, 2020 10:40 AM IST
The Asia-focused lender in February announced the merger of its global private banking and retail wealth businesses to create a new wealth and personal banking unit, part of a radical strategy overhaul at Europe's largest lender by assets.
- May 13, 2020 03:20 PM IST
Indospace Core has about 13 million square feet land across 14 industrial and logistics parks in Pune, Chennai, Bengaluru and Delhi-NCR.
- May 04, 2020 02:25 PM IST
The move will allow London-headquartered HSBC, which gets the bulk of its revenue from Asia
- Apr 28, 2020 11:20 AM IST
Europe's biggest bank by assets said profit before tax came in at $3.21 billion for January-March, down from $6.21 billion a year ago and below an average analyst forecast of $3.67 billion compiled by the bank.
- Mar 18, 2020 07:56 AM IST
Quinn, who joined HSBC in 1987, took interim charge of HSBC last August after the shock ousting of John Flint and has been auditioning for the permanent job since, despite media reports that chairman Mark Tucker preferred an external candidate.
- Mar 11, 2020 02:55 PM IST
Mark Wang, head of HSBC's China investment banking business, will become China CEO, HSBC said in a statement on March 11.