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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 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.
HSBC winding down credit card business in China, Reuters reports
HSBC (HSBC) is pulling back from its credit card business in China eight years after its launch, as the company struggled to expand and make
13h
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, ...
2d
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 ...
11d
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
21h
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 ...
1h
on MSN
HSBC downgrades HP Inc to 'hold' on cost pressures, trims price target
Investing.com -- HSBC downgraded HP Inc (NYSE: HPQ) to "hold" from "buy," given the near-term cost pressures in the PC ...
4d
on MSN
HSBC sustainability head leaves the bank
HSBC on Monday said Celine Herweijer has taken the decision to step down as group chief sustainability officer, weeks after a ...
cnbctv18
10h
HSBC economist predicts next RBI interest rate cut in February
HSBC's Pranjul Bhandari maintains a GDP growth forecast of around 6.5% for Q2, though she acknowledges key challenges. Urban ...
ET Now on MSN
5h
Major push to National Green Hydrogen Mission! IIT Bombay, HSBC India shortlist 6 projects for innovative solutions
HSBC India said that the six projects have been shortlisted for incubation at IIT Bombay through a stringent process by a ...
2d
on MSN
HSBC loses court challenge against $33.4 million 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 ...
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