China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says
The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to…
HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
HSBC on Wednesday announced it will offer custody services for tokenized securities, making the British bank the latest major institution…
HSBC’s after-tax profit surges over 135% year-on-year, announces $3 billion share buyback
HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 135% compared to the $2.66…
Top economists unanimous on ‘higher for longer’ rates as inflation threats linger
Top economists and central bankers appear to be in agreement on one thing: interest rates will stay higher for longer,…
UK’s embattled Metro Bank expected to struggle to raise capital with ‘no easy solutions’
LONDON — The U.K.’s Metro Bank will likely struggle to raise fresh capital to shore up its balance sheet, according…
An HSBC-backed startup is using AI to help banks fight financial crime — and eyeing a Nasdaq IPO
WARSAW — When it comes to financial crime, banks can often be “one decision away from a huge mess,” Martin…
HSBC net profit more than doubles in the first half, announces $2 billion share buyback
HSBC’s net profit more than doubled to $18.1 billion in the six months ended June, a sharp spike compared to…
Communist Party cells influencing U.S. companies’ China operations, FBI Director Wray says
China is requiring U.S. and other foreign-owned companies to host groups that monitor their compliance with Chinese Communist Party orthodoxy,…
