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HSBC pulling back from China credit card business
Exclusive - HSBC pulling back from China credit card business after struggling to expand, sources say
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.
HSBC Pulls Back Credit Card Business in China, Reuters Reports
HSBC Holdings Plc is pulling back from its credit card business in China, Reuters reported, citing unidentified sources.
HSBC to pull back from China credit card business; Switzerland charges Lombard Odier with money laundering
Swiss private bank Lombard Odier has been charged with aggravated money laundering by Switzerland’s federal prosecutor. In a filing on Friday, the prosecutor said the bank played a “decisive role” in concealing the illicit activities of Gulnara Karimova, the daughter of Uzbekistan’s late president, Islam Karimov.
HSBC pulling back from China credit card biz after struggling to expand
HSBC has stopped issuing new cards and is working towards winding down the service offered to a large part of China onshore customers
HSBC pulls back credit card business in China: Reuters
China is a relatively small market for HSBC’s credit card business. The gross carrying amount in this segment was just US$287 million, or about 1% of the global total last year.
9h
HSBC’s Greater China Loan Syndications Head Anita So Retires
HSBC Holdings Plc’s head of loan syndications for Greater China, Anita So, is retiring after a 36-year career in banking, ...
1d
HSBC loses court challenge against $33.4 mln EU cartel fine
HSBC on Wednesday lost its challenge against a 31.7 million euro ($33.4 million) EU cartel fine after Europe's second top ...
10d
on MSN
HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the ...
Bernews
16h
HSBC Warns Of Fraudulent Phone Calls
HSBC Bermuda issued a warning today about an increase in scam attempts targeting the public through phone calls [vishing] to ...
3d
on MSN
HSBC sustainability chief leaves after executive committee role dropped
HSBC on Monday said Celine Herweijer has taken the decision to step down as group chief sustainability officer, weeks after a ...
bankingdive
3d
HSBC sustainability chief to step down Dec. 31
The bank cut the sustainability role from its executive committee in an October reshuffle. HSBC on Monday also named an interim risk and compliance chief.
10h
HSBC Executives Acquire Shares Under Incentive Plan
HSBC Holdings (GB:HSBA) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now ...
Reuters on MSN
2d
HSBC loses court challenge against $33.4 million EU cartel fine
BRUSSELS (Reuters) -
HSBC
on Wednesday lost its challenge against a 31.7 million euro ($33.4 million) EU cartel fine after ...
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