HSBC pulls assets out of cayman islands
HSBC is selling parts of its Cayman Islands corporate and retail banking business to Butterfield Bank.
HSBC
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hsbc to end libya presence
HSBC is to close its representative office in the Libyan capital of Tripoli, according to the Telegraph.
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BlackRock UK Business granted RQFII licence
The licence is the firm’s second, the first was granted in March to its North Asia subsidiary.
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hsbc sells swiss assets to liechtenstein bank lgt
HSBC is selling a portfolio of its Swiss private banking assets to Liechtenstein bank LGT Group Foundation.
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HSBC Global AM unveils low volatility
HSBC Global Asset Management has launched a low volatility equity fund for investors in Hong Kong and Singapore.
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europe banks face rising fines bill
Europe’s biggest banks are facing estimated fines of $103.5bn from regulators around the world, according a briefing note from analysts at Credit Suisse.
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SCA rumoured to be planning fund regulation
An overhaul of the controversial UAE fund regime introduced by the Securities and Commodities Authority last year is on the cards, International Adviser understands.
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hsbc global am names bastos hk ceo
HSBC Global Asset Management has named Pedro Bastos it chief executive officer for Hong Kong and regional head of Asia Pacific.
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New rules of engagement
The UAE has undergone a regulatory revolution in recent years, placing its finance sector under increased pressure. The industry has reacted positively, and these changes are now paving the way for a more professional environment, according to leading figures from some of the largest asset management companies in the region
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moving distribution forward in the uae
Earlier this year, International Adviser online editor Simon Danaher hosted a roundtable with some of the leading figures from the asset management industry in the United Arab Emirates.
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hsbc retail and wealth arms post 6bn profit
HSBC’s Retail Banking and Wealth Management division reported a $6.65bn profit, constituting 29.5% of the total group pre-tax profit figure.
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former hsbc employee banned for deceiving
The Securities and Futures Commission has banned a former HSBC relationship manager from re-entering the industry for life.