HSBC Says Reform Pressures Unprecedented As Profits Drop
HSBC called on international regulators to clarify expectations and also flagged heightened geopolitical tension as a concern.
China July HSBC Flash PMI At 18-Month High
It was the highest reading since January 2013, but some analysts say the recovery appears patchy, and more stimulus may be needed.
Switzerland Prepares List Of Indian Nationals With Black Money In Its Banks
India's investigation of black money in secretive Swiss banks was triggered by a list of accounts at HSBC leaked by a whisteblower.
China June HSBC Flash PMI Shows First Expansion In 6 Months
It was the first time since December that the PMI was in growth territory, and the highest reading since November.
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BP Paribas Iran Sanctions Case: Why American Bank Fines Have Gotten So Big
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EU Commission Charges HSBC, JPMorgan, Credit Agricole With Rigging
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Chinese Manufacturing Declined In April For Fourth Straight Month, New Export Orders Also Fell
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BNP Paribas Warns Sanctions-Busting Fines Likely To Top Amount It Set Aside
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China's HSBC PMI For March Hits 48.0, An 8-Month Low; Manufacturing Slowdown Continues
China's manufacturing engine contracted in the first quarter of 2014, a private survey showed Tuesday, adding to market expectations of government stimulus to arrest a loss of momentum in the world's second-largest economy this year.
China's Manufacturing Index Slips This Month To 8-Month Low, But New Export Orders Show Growth
HSBC's flash Purchasing Managers Index retreated to an eight-month low of 48.1 in March, but new export orders revealed growth.
Chinese Yuan May Become Fully Convertible Within 2-3 Years: HSBC
The Chinese yuan is ready to secure a larger spotlight on the world’s currency stage.
More Than 50 Employees Leave HSBC For Chinese Investment Banks In Hong Kong Following Disagreement Over Change In Bonus Policy
Some banks like HSBC are trying to trim their retail-brokerage arms as competition is heating up in an already tough market.
China Feb. HSBC Flash PMI Hits 7-month Low Of 48.3 As Factory Activity Shrinks Again
The preliminary index for February got smaller in all categories except for suppliers' delivery times.
Fatca Tax Evasion Crackdown: DeVere CEO Backs Repeal (Q&A)
DeVere Group CEO Nigel Green wants the global financial reporting regime to be repealed, a call that has gained little political traction to date.
China HSBC Final PMI Falls To Six-Month Low In January As Output And New Orders Decrease, And Business Conditions Worsen
The dip to 49.5 in January from the previous month's 50.5 signals a renewed deterioration in business conditions.
China Jan. Flash PMI Drops To 49.6 - First Factory Activity Contraction In 6 Months
The contraction in factory sector activity shows that a moderate slowdown at the end of 2013 continued into this year.
HSBC China December Services PMI Falls To 50.9 From 52.5
But the services sector saw an increase in payroll numbers for the fourth straight month.
China's Cash Crunch: Short-term Interbank Lending Rate Spikes Won't Hurt Growth In 2014
But HSBC economists predict that rate spikes won't hurt growth in 2014.
HSBC's China Manufacturing PMI At 3-Month Low, Official PMI Declines In December
Growth in Chinese manufacturing activity slowed in December, according to two separate surveys.
China December HSBC Manufacturing PMI Down To 50.5
Manufacturing activity has continued to expand in December but at the slowest rate in three months.
US Retirees Expect To Leave $175,000 To Their Heirs, Says New HSBC Study [CHARTS]
Not only do more than half of U.S. retirees expect to leave an inheritance, they expect to leave a considerable one.
China's Final HSBC Manufacturing PMI Tops Expectations, Flash Estimates; New Orders Rise, Exports Fall
The uptick in local demand reflects China's policy changes this year to steer the economy toward a domestic-consumption model.
India's RBI Relaxes Norms For Foreign Banks To Expand Business Through M&As, Locally Incorporated Subsidiaries; New Rules Bring Them Almost On Par With Local Players
Now, foreign banks can set up subsidiaries and acquire privately-run banks in the country, almost like their local competitors.
ASEAN Economic Outlook: Are Southeast Asian Countries Set To Reap The Demographic Dividend?
Unlike developed economies, many Southeast Asian economies are fueled by a growing working-age population.
China: Gold’s Single Best Friend In Tough Year, According to HSBC Analysts
A HSBC research note makes explicit what has become increasingly clear to gold investors this year regarding the gold market's most bullish factor.
Barclays Ordered To Keep Somali Money Transfer Service Dahabshiil Open Despite Risk Of Money Laundering And Funding Terrorism
A humanitarian disaster is avoided after a court tells Barclays it must continue to transfer money to Somalia despite terrorism fears.
Stock Futures Signal Higher Open; Earnings From Energy Majors, Factory Orders Data In Focus
After a solid performance last week and month, stocks look set to open higher. Earnings and factory data will hold market's interest.
China Oct. PMI Points To Stabilization
The final HSBC/Markit Purchasing Managers' Index is up from 50.2 in September and the same as a preliminary flash estimate released last week.
Expats Living In Asian Countries Are Most Satisfied, But Expats In US Tend To Stay Longer: HSBC Analysis
Five of the 10 most satisfying destinations for expats are in Asia, HSBC says.
People's Bank Of China Opens Loan-Backed Security Pilot Program To Foreign Banks
In an attempt to shield Chinese banks from bad debt, policymakers created a new security comprised of bundled bank loans.
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