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,…
A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…
Brits are facing a major mortgage crisis as lending rates soar
LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal…
HSBC builds innovation division from the bones of collapsed SVB UK
U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology…
HSBC defeats proposal to spin off its Asian business at contentious shareholder meeting
Banking giant HSBC on Friday defeated a proposal, backed by its largest stakeholder Chinese insurer Ping An, to consider spinning…
Stocks making the biggest moves midday: Uber, Chegg, Dell, PacWest, SoFi & more
Check out the companies making headlines in midday trading. Uber — Shares of the ride-hailing giant jumped 11.6% after the…
Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more
Check out the companies making the biggest moves in premarket trading: Uber Technologies — Shares gained nearly 8% after reporting…
‘Utterly irresponsible’: SVB failure was caused by a banking — not tech — crisis, top VC says
LONDON — The collapse of Silicon Valley Bank was the result of a crisis in banking rather than technology, according…
