standard chartered moves into shariah space
Standard Chartered is expanding its Shariah banking operations in the United Arab Emirates and Bahrain, just a few weeks after HSBC announced it would be pulling out of the region.
HSBC
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uti takes on hsbc with india fixed income fund
UTI Asset Management, India’s oldest and one of its largest fund managers, is launching a Dublin-domiciled, Ucits-compliant, US dollar-denominated bond fund that is designed to enable foreign investors to easily access India’s notoriously inhospitable fixed income market.
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hsbc survey reveals decline in wealth growth
One in five Hong Kong investors has seen their net worth decline over the past six months, a survey conducted by HSBC has found.
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expats wealthiest in southeast asia hsbc
Expats living in Southeast Asia tend to earn the most, with those in Singapore the wealthiest of the lot, according to HSBC’s fifth annual survey of expatriate wealth, lifestyles and attitudes.
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hsbc sells pakistan arm
HSBC has agreed to sell its operations in Pakistan comprising 10 branches to the Asian country’s JS Bank Limited for an undisclosed sum.
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hsbc merges multi-asset funds
HSBC Global Asset Management has merged three of its International Select Funds (ISF) into its Luxembourg-domiciled World Selection range.
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occupy protesters in HK given 2 weeks
Protesters who have been occupying a plaza beneath HSBCs Hong Kong Central district headquarters have been given two weeks to respond to a lawsuit seeking to be allowed to oust them.
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Senior HSBC director Sandy Flockhart to retire
Sandy Flockhart, the former chairman of HSBCs operations in Europe, the Middle East and Africa, is to retire as a non-executive director of HSBC Holdings plc and from his position as chairman of HSBC Bank plc on 31 July 2012.
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uk millionaire with Swiss account is first
A UK taxpayer is to pay some £830,000 in back tax, fines and costs to the UK tax authorities after being found guilty of using an undisclosed HSBC account in Switzerland to hide his money, in HM Revenue & Customs’ first successful prosecution to be based on information obtained from HSBCs Geneva branch in 2010.
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HSBC sells stakes in two Indian banks
HSBC Holdings, the London-based banking giant, has sold stakes in two Indian banks for around $425m.
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hsbc oman and oib merger completes
The merger of HSBC Oman and Oman International Bank (OIB) to form HSBC Bank Oman has been officially approved and began its operations on Monday this week.
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Guernsey banking deposits fall 10
The value of banking deposits in Guernsey are more than 10% less than they were at the end of the first quarter of last year, according to figures released today.