HSBC Financial News

31.07 / 01:49

IPO Lowe's Progressive HSBC Life insurance, MF JVs ready to list in 18 months, hive-off can unshackle cards: Canara Bank

Canara Bank expects its mutual fund and insurance joint ventures to apply for their IPOs over the next 18 months as the other shareholders have agreed in principle to the listing plan, its managing director K Satyanarayana Raju has said. In an interview with Atmadip Ray, Raju also said the bank's move to spin off its credit card business will help grow this business by leaps and bounds. Edited excerpts:You earlier told ET that the bank's management decided to list Canara HSBC Life Insurance and Canara Robeco Asset Management. How far have you progressed in this direction? We have spoken to the other shareholders and advised the respective management in these subsidiaries to prepare a road map for listing.

30.07 / 12:03

Provident Lowe's Target Citigroup HSBC exclusive accounting Exclusive: Banks vote to limit accounting of emissions in bond and stock sales

By Tommy Wilkes

29.07 / 10:05

FIVE HSBC NIFTY show track Mutual fund: ₹10,000 monthly SIP grows to ₹2.94 crore in 25 years

Mutual fund investment in small-cap plans is considered risky. However, in the long-term, it is believed that such plans give maximum return on one's money. This is because it moves faster than mid-cap and small-cap mutual fund plans.

28.07 / 17:25

MET Fighting HSBC Barrett show Trouble at the top as two execs ditch NRL players board

Two senior business executives have abruptly left the board of the body representing rugby league players as it continues its messy fight with the NRL over work conditions and control of funds.

28.07 / 13:35

Target BLOCK Platform HSBC Boeing Crocs Meta Platforms performer analyst 4 big analyst picks: Meta notches several upgrades on strong Q2 Performance

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Meta Platforms, Boeing, Block, and Crocs.

27.07 / 16:33

Target HSBC MSCI show Greenback weakens and it could get worse after Fed signals

Dollar weakness looks to have room to run after the Federal Reserve said further interest rate hikes would be data dependent, bolstering traders’ confidence that the US tightening cycle is near an end.

27.07 / 11:31

AXY HSBC NIFTY Invesco show track Returns Best Mid Cap Mutual Funds in 10 years (July 2023): Top schemes with 21% to 24% SIP returns

Best-performing Mid Cap Mutual Funds in 10 years (till July 25): Most of the Mid Cap Mutual Funds have delivered high annualised returns in 10 years. Data on the website of the Association of Mutual Funds in India (AMFI) shows that direct plans of as many as 11 mid-cap funds have given over 21% annualised returns in 10 years. The regular plans of 10 mid-cap schemes have given over 19% annualised returns in 10 years. Most of the mid-cap funds have also beaten their respective benchmark indices.

27.07 / 08:25

HSBC industry Barclays FCA NatWest Treasury minister meets banking bosses while welcoming NatWest resignation

Andrew Griffith (pictured) is the economic secretary to the Treasury.

27.07 / 07:11

Citi HSBC HSBC to raise prime lending rate to 5.875% after Hong Kong rate hike

HONG KONG (Reuters) -HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 12.5 basis points to 5.875% effective on July 28 after the city's de facto central bank raised the base rate.

26.07 / 16:47

HSBC HSBC hires Panmure Gordon duo to bolster UK corporate broking

HSBC has added two senior bankers to its corporate broking business as investment banks jostle for position in the UK dealmaking league tables.

25.07 / 18:47

Target Mobile Software HSBC Take-Two Threat Take-Two's GTA 6 a 'likely winner' - EA's FIFA break-up a potential long-term threat, says HSBC

HSBC initiated Take-Two Interactive Software (NASDAQ:TTWO) with a Buy rating and $170 price target and Electronic Arts (NASDAQ:EA) with a Hold rating and $128 price target in a note to clients Tuesday.

25.07 / 13:16

UPS Provident BLOCK Assurant HSBC stage cover Importance of Buying Term Life Insurance at Early Stage of Life

Mr. Manoj Jain, Sr Vice President and Head - Digital Business at Canara HSBC Life Insurance, as he sheds light on the importance of buying a term plan early in life.

25.07 / 09:59

Citi Amazon JPMorgan Citigroup HSBC social JPMorgan, Citi under fire for funding fossil fuels in the Amazon

As the Amazon may face a catastrophic tipping point that’s eroding its status as a major carbon sink, a new study maps out which banks have pumped the most money into oil and gas extraction from the world’s largest rainforest.

25.07 / 08:03

COST UPS HSBC Cereal shortages may further fuel India’s inflation, HSBC Says

HSBC Holdings Plc. “Although concerns about rising food prices are warranted, the real problem is not with tomatoes, but elsewhere,” economists Pranjul Bhandari and Aayushi Chaudhary wrote in a report. The worry on cereals, including rice and wheat, are “legitimate” and may push prices higher.

25.07 / 04:45

UPS HSBC performer country China state banks seen selling US dollars to prop up yuan -sources

SHANGHAI/BEIJING (Reuters) -China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge of the matter said, moves aimed at supporting the Chinese currency.

25.07 / 04:43

FIVE HSBC UBS country star HSBC pledges India wealth commitment over Michelin star meal

HSBC Holdings Plc announced to about 100 wealthy Indians it is returning to private banking in India, where it exited about eight years ago. Over dinner served by the chef of Odette, a three-Michelin-star restaurant in Singapore, the bank’s wealthy clients who flew in from Hong Kong and Dubai, mingled with HSBC’s local customers. HSBC’s efforts to convince prospective Indian clients that its wealth management services in the country will not make a retreat again is a linchpin for its ambitious plans there.

21.07 / 23:06

Target Booking HSBC SLB social Contentious ESG label dethroning green bonds, says former HSBC banker

A former HSBC Holdings banker says one of the most criticized sustainable bond structures on Wall Street has the potential to dominate the roughly $6 trillion ethical debt market.

21.07 / 15:05

Provident Citizens LinkedIn HSBC SVB cover HSBC has poached SVB’s Asia team in Hong Kong

HSBC has hired the former Asia team Silicon Valley Bank as it continues to bolster its new innovation banking business with the remnants of the collapsed lender’s people operations.

21.07 / 07:31

JPMorgan HSBC HSBC hires JPMorgan and Bank of America veterans to bolster payments unit

HSBC has tapped JPMorgan and Bank of America for two senior hires to bolster its payment business.

20.07 / 13:17

JPMorgan HSBC HSBC hires JPMorgan and Bank of America veterans to bolster payments unit

HSBC has tapped JPMorgan and Bank of America for two senior hires to bolster its payment business.

20.07 / 11:03

CEO HSBC ICICI Lombard rebalances motor insurance portfolio after govt decision

ICICI Lombard General Insurance has ‘rebalanced’ its motor insurance portfolio after the government did not increase annual motor third party premiums for any of the classes of vehicles for the current fiscal.

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