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  • HSBC Asia appoints former SBI chief Rajnish Kumar as independent director Aug 30, 2021 04:50 PM IST

    HSBC Asia appoints former SBI chief Rajnish Kumar as independent director

    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.

  • RBI clears appointment of Hitendra Dave as HSBC India CEO for three years Aug 25, 2021 05:49 PM IST

    RBI clears appointment of Hitendra Dave as HSBC India CEO for three years

    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.

  • HSBC joins ranks to increase junior bankers’ pay to $100,000 Aug 05, 2021 10:15 AM IST

    HSBC joins ranks to increase junior bankers’ pay to $100,000

    The move matches Wall Street rivals' salary offering in a sector jostling for staff amid increased deal volumes

  • Mumbai: HSBC announces Rs 15 crore aid to pandemic-hit dabbawalas Jun 17, 2021 07:29 PM IST

    Mumbai: HSBC announces Rs 15 crore aid to pandemic-hit dabbawalas

    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.

  • HSBC says Asia Pacific CEO Peter Wong to retire Jun 07, 2021 11:11 AM IST

    HSBC says Asia Pacific CEO Peter Wong to retire

    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.

  • HSBC CEO says Bitcoin not for us May 24, 2021 03:09 PM IST

    HSBC CEO says Bitcoin not for us

    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.

  • HSBC moves more than 1,200 UK staff to permanent home working Apr 07, 2021 07:15 PM IST

    HSBC moves more than 1,200 UK staff to permanent home working

    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.

  • India court says ByteDance should deposit $11 million in tax evasion case Apr 06, 2021 05:42 PM IST

    India court says ByteDance should deposit $11 million in tax evasion case

    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.

  • HSBC plans to nearly halve office space over long term Feb 23, 2021 03:41 PM IST

    HSBC plans to nearly halve office space over long term

    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.

  • HSBC to announce exit from US retail banking, reshuffles top jobs Feb 22, 2021 06:10 PM IST

    HSBC to announce exit from US retail banking, reshuffles top jobs

    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.

  • HSBC inaugurates international banking unit at GIFT City Jan 26, 2021 10:21 PM IST

    HSBC inaugurates international banking unit at GIFT City

    HSBC's IBU branch at Gujarat International Finance Tec City (GIFT City) will be operational for customer transactions with effect from January 27.

  • HSBC to face shareholder heat on fossil fuels in AGM vote Jan 10, 2021 08:30 PM IST

    HSBC to face shareholder heat on fossil fuels in AGM vote

    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.

  • KKR-backed Max Healthcare engages Citi, HSBC, Credit Suisse and Kotak as investment bankers for Rs 1,200 crore QIP Oct 29, 2020 04:32 PM IST

    KKR-backed Max Healthcare engages Citi, HSBC, Credit Suisse and Kotak as investment bankers for Rs 1,200 crore QIP

    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.

  • HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing Oct 09, 2020 12:41 PM IST

    HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

    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.

  • Indian businesses resilient despite COVID-19 impact: HSBC report Jul 21, 2020 01:30 PM IST

    Indian businesses resilient despite COVID-19 impact: HSBC report

    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.

  • HSBC's global equities boss Hossein Zaimi to leave bank Jul 17, 2020 05:15 PM IST

    HSBC's global equities boss Hossein Zaimi to leave bank

    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.

  • Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue Jun 23, 2020 12:30 PM IST

    Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue

    The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.

  • HSBC resumes cutting around 35,000 jobs Jun 17, 2020 11:20 AM IST

    HSBC resumes cutting around 35,000 jobs

    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.

  • HSBC warns it could face reprisals in China if UK bans Huawei equipment - the Telegraph Jun 07, 2020 09:21 AM IST

    HSBC warns it could face reprisals in China if UK bans Huawei equipment - the Telegraph

    Tucker made the claim in private representations to British Prime Minster Boris Johnson's advisers, the newspaper reported, citing industry and political sources.

  • HSBC sees double-digit wealth asset growth in Asia by 2023 May 20, 2020 10:40 AM IST

    HSBC sees double-digit wealth asset growth in Asia by 2023

    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.

  • Indospace Core raises Rs 1,000 crore from HSBC to finance existing projects May 13, 2020 03:20 PM IST

    Indospace Core raises Rs 1,000 crore from HSBC to finance existing projects

    Indospace Core has about 13 million square feet land across 14 industrial and logistics parks in Pune, Chennai, Bengaluru and Delhi-NCR.

  • HSBC to buy out life insurance joint venture partner in China May 04, 2020 02:25 PM IST

    HSBC to buy out life insurance joint venture partner in China

    The move will allow London-headquartered HSBC, which gets the bulk of its revenue from Asia

  • HSBC Q1 profit halves on increased loan loss provisions due to coronavirus crisis Apr 28, 2020 11:20 AM IST

    HSBC Q1 profit halves on increased loan loss provisions due to coronavirus crisis

    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.

  • HSBC appoints Noel Quinn as chief executive Mar 18, 2020 07:56 AM IST

    HSBC appoints Noel Quinn as chief executive

    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.

  • HSBC appoints Mark Wang as chief executive in China Mar 11, 2020 02:55 PM IST

    HSBC appoints Mark Wang as chief executive in China

    Mark Wang, head of HSBC's China investment banking business, will become China CEO, HSBC said in a statement on March 11.

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