Tuesday, April 20, 2021

HSBC

HSBC relocates London bosses to Hong Kong to cash in on Asian growth

HSBC makes 90% of its profit in Asia, with China and Hong Kong the major drivers of growth.

As profits dive, HSBC heads home to Asia to revive fortunes

The London-based bank already generates the bulk of its revenues from Asia.

No mask, no money: UK bank warns bare-faced customers they could lose their accounts

Many shops are weary of having to act as mask police, especially with aggressive customers.

Asian markets continue fall over US and UK investor worries

HSBC scandal continues to drag banking sector shares down.

Markets fall on runaway Covid-19, bank malfeasance news

Millions of ordinary people will be affected by downturn through their pensions.

HSBC to pay US$1.9 billion to settle money-laundering accusations

The settlement means HSBC will now avoid US prosecution.

Other News