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Latest Articles in hsbc

US Says China 'Bullying' UK, Cites HSBC Hong Kong-Related Accounts

Hong Kong media tycoon Jimmy Lai, a prominent democracy activist and top executive at Next Digital, was arrested Aug. 1

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HSBC Warns Loan Losses Could Hit $13 Billion As Profit Plunges 65%

HSBC reported a pre-tax profit of $4.32 billion for the first six months this year, lower than the $5.67 billion average of analysts' forecasts.

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India Found Cybersecurity Lapses At National Payments Corp In 2019 - Government Document

The NPCI is a not-for-profit company which as of March 2019 counted 56 banks as its shareholders, including the State Bank of India, Citibank and HSBC.

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HSBC Warned Over Huawei Role In Chinese Govt-Backed Website Column

HSBC had issued a statement on Saturday saying it had not participated in the decision by the U.S. Department of Justice to investigate Huawei and that it had no "malice" against the company.

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Hong Kong Banks Shutter Branches Again After COVID Cases Hit Record High

Hong Kong recorded more than 100 cases in a 24-hour period over the weekend, the most since the pandemic took hold in late January.

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HSBC's Global Equities Boss Hossein Zaimi To Leave Bank

Zaimi could not immediately be reached for comment. A spokesman for HSBC declined to comment.

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HSBC India, Dasra Partners To Enable India’s Non-profit Sector To Sustain Through COVID

As many as 150 NGO leaders, programme and finance heads from 50 organisations, participated and represented social issues ranging from environmental protection agencies to gender equity and skilling organisations.

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Global Shares Waver On Coronavirus Fears

The euro strengthened a modest 0.12% to $1.2870 while a recent fall in selling positions against the greenback provided room for possible further drops.

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HSBC To Cut 38% Of Global Banking And Markets Jobs In France

HSBC's FO union said on its website that the departures will take place on a voluntary basis, but if there were not enough volunteers, there would be "layoffs for economic reasons".

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HSBC Revives 35,000 Job Cut Plan After Pandemic Pause

HSBC had postponed the job cuts, part of a wider restructuring to cut $4.5 billion in costs, in March saying the extraordinary circumstances meant it would be wrong to push staff out.

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HSBC Revives Plan To Axe 35,000 Jobs, Memo Shows

Shares of HSBC have fallen 27% since the start of March, with the pandemic prompting the lender to set aside $3 billion in bad loan provisions in its first quarter earnings.

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HK Residents Rush For Offshore Bank Accounts On China Law Worries

HSBC and Standard Chartered have each seen a 25-30% jump in enquiries, two of the people said. All five have direct knowledge about the rise in interest

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HSBC, StanChart Criticised For Backing Hong Kong Security Law

Hong Kong accounted for 90% of HSBC's pre-tax profit and 41% of StanChart's in 2019, showing the importance of the Asian financial hub to the banks' bottom line.

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HSBC Seeks Judicial Management For Singapore's Zenrock Commodities

The company's revenues more than doubled to $6.15 billion in 2018, from $2.88 billion in the previous year

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HSBC To Buy Out Life Insurance Joint Venture Partner In China

HSBC Life China was formed in 2009 as a 50:50 joint venture between HSBC and the National Trust.

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