HSBC dumps London tower for smaller office as real estate reckoning unfolds
HSBC’s move to ditch its 45-floor Canary Wharf tower in favour of a much smaller development in central London is one of the most visible examples yet of an office…
HSBC clients query bank on climate, one to review engagement
HSBC is facing queries from customers about its commitment to fight climate change after a senior banker downplayed the risks, sources told Reuters, with at least one large institutional investor…
HSBC under fire in UK for backing China’s Hong Kong law
Asia-focused banking giant HSBC’s vocal support for China’s controversial Hong Kong security law has not been well received in Britain, the former ruler of the city. The London-headquartered lender last…
HSBC gets top adviser role in Qatar for first time since Gulf row
HSBC has been hired by a state-controlled port operator in Qatar, QTerminals, to coordinate a $500 million loan, sources familiar with the matter said, securing its first mandate as top…
Axe BCCI, but not HSBC
Few today would remember those 40 years ago, Agha Hasan Abedi set up the Bank of Commerce and Credit International, better known by its initials BCCI.Within a decade, it was…
China eyes negotiations as Trump threatens new tariffs
As Donald Trump steps up his tariff threats against China, Beijing is moving to beat the next US president to the punch with its own restrictions and get Washington to…
China’s stimulus message leaves investors wanting though hanging onto hope
China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the…
Bond investors bet UK’s Reeves will avoid testing markets at budget
Britain’s borrowing costs have risen before the new government’s first budget, which could open the door to a big rise in debt sales - but investors are not betting on…
Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and…
Consumer-focused lending under Labour could dent UK bank profits
Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning party’s policies are still expected…
