HSBC announces profit increase, share buyback in signs of turnaround
HSBC won approval last month in China to establish an investment banking joint venture with a state-backed fund, ending a 20-month wait, making it the first such venture in China to be majority-owned by a foreign bank.
Jul 31, 2017, 12:26 PM IST
HSBC warns of risks to world economic growth as profit dives
In the most recent quarter, HSBC's net loss widened to USD 4.2 billion from USD 1.3 billion in the same period the previous year.
Feb 21, 2017, 18:12 PM IST
Bank bosses say no big slowdown in markets so far after Brexit vote
There has been no fundamental slowdown in markets so far because of Britain`s decision to leave the European Union, top officials from the financial services sector said on Wednesday.
Sep 14, 2016, 16:55 PM IST
HSBC profits plunge 45% to $3.61 billion as Brexit uncertainty bites
HSBC posted Wednesday tumbling second-quarter net profit on volatile markets and China`s slowdown, warning it faced "a period of heightened uncertainty" after Britain voted to leave the European Union.
Aug 03, 2016, 17:29 PM IST
Black money: HSBC bosses say sorry for 'unacceptable' practices
HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant's Swiss division when they were grilled by British MPs over allegations it had helped rich clients dodge taxes.
Feb 26, 2015, 09:29 AM IST
