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HSBC names Haythorne, Liu as co-heads of AsiaPac banking

Last Updated: Wednesday, June 04, 2014, 11:06

Haythorne and Liu will take over on Sept. 1 the role previously held by Russell Julius, who is transferring to London.

HSBC says bonus for chairman capped at 1 million pounds

Last Updated: Thursday, May 15, 2014, 09:58

HSBC said it could have awarded Flint up to 2.25 million pounds worth of shares as an annual bonus in exceptional circumstances.

Doha Bank to purchase HSBC Bank Oman business in India

Last Updated: Saturday, April 19, 2014, 11:47

Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.

HSBC profits seen up 10% as cost cuts pay off

Last Updated: Monday, November 04, 2013, 11:49

HSBC Holdings is expected to report a 10 percent rise in quarterly profit on Monday as Europe's biggest bank benefits from cost cuts and the absence of a big provision to cover a fine last year.

Narayana Murthy to exit HSBC Holdings board as Director

Last Updated: Saturday, September 29, 2012, 00:16

UK-based global banking giant HSBCBSE 0.24 % Holdings Plc Friday said N R Narayana Murthy, co-founder of IT giant InfosysBSE -0.58 % and the only Indian on its board, would retire as its director at the end of 2012.

Regulatory action may have negative implication for HSBC: S&P

Last Updated: Friday, August 24, 2012, 22:12

The ratings agency affirmed HSBC's A+/A-1 credit rating as the banking entity allegedly failed to adhere with the US anti-money laundering standards.

Spain shelves tax case against banking magnate

Last Updated: Wednesday, May 23, 2012, 12:07

The chairman of Banco Santander, his brother, Jaime, and 10 of their offspring were under scrutiny in connection with income from accounts at HSBC Holdings' private bank in Switzerland.

HSBC to sell general insurance biz in four countries

Last Updated: Thursday, March 08, 2012, 00:11

Global financial services giant HSBC Holdings Plc Wednesday said it will sell its general insurance businesses in Hong Kong, Singapore, Mexico and Argentina for USD 914 million in two separate cash transactions with French insurer AXA Group and Australia's QBE Insurance Group.

HSBC's pre-tax profit from India rises 22%

Last Updated: Monday, February 27, 2012, 20:56

Robust growth in Asian countries like India has helped the largest European bank HSBC Holdings to report its second record pre-tax profit in 2011 at USD 21.9 billion, up 15 percent over 2010.

HSBC to issue shares to pay UK bonuses: Source

Last Updated: Wednesday, February 22, 2012, 09:13

HSBC Holdings is to issue shares to pay the cash element of bonuses for its UK bankers in response to regulatory pressure to preserve capital, a person familiar with the matter said on Tuesday.

HSBC cuts several hundred investment bank jobs

Last Updated: Thursday, November 10, 2011, 23:58

HSBC Holdings is laying off several hundred investment bankers in London, Hong Kong and elsewhere this week as part of its jobs cull to save billions of dollars.