HSBC's expansion into China exposes the bank to significant risks due to the country's autocratic government and fragile economic conditions. The bank's current financials and valuation are attractive ...

(Bloomberg) -- HSBC Holdings Plc is distancing itself from its top diplomat at an awkward time. In some ways, the bank has never needed the role more. Public affairs head Sherard Cowper-Coles is ...

HSBC (OTCPK:HBCYF) (NYSE:HSBC) is reducing the workforce at its China digital wealth business Pinnacle by nearly half, or about 900 people, Reuters reported citing sources familiar with the matter.

HONG KONG, Nov 20 (Reuters) - HSBC (HSBA.L), opens new tab is on track to meet a target of expanding its China wealth business headcount to 3,000 by 2025, despite the country's current economic ...

HSBC Bank (China) has opened a new wealth centre in Hangzhou, marking the sixth such launch in mainland China within a six-month period. The new centre in Hangzhou will function as a wealth management ...

HONG KONG (Reuters) -HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the Chinese ...

China’s financial regulator has asked the country’s development banks and major commercial lenders to report their exposure ...

Citigroup Inc. on Monday confirmed reports of the sale of its consumer-wealth portfolio in China to HSBC Plc after it announced plans to exit the business in December 2022. Citi C will keep its ...

HONG KONG/LONDON Oct 30 (Reuters) - The worst may be over for China's shaky commercial real estate market, HSBC (HSBA.L), opens new tab said on Monday, as a further $500 million charge from the sector ...

HONG KONG (Reuters) - HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for ...

LONDON—HSBC HSBA0.07%increase; green up pointing triangle bet big on China to fuel its growth, a move that has now come back to bite it. The banking giant said it lost $153 million in the final three ...

A top executive at HSBC has apologized after reportedly calling the UK government “weak” for caving to US pressure over doing business with China, in another sign of the political tightrope the ...