Law360, London (January 28, 2021, 7:16 PM GMT) -- A Channel Islands-based investment company has accused HSBC of "willfully shutting its eyes" when it allegedly assisted in breaching a trust account during a fraud by allowing a €11.6 million ($14 million) transfer to Singapore without conducting proper checks.
HSBC Holdings Plc, a London- and Hong Kong-listed banking behemoth with US$3 trillion in assets, is among the handful of truly global lenders. But its future as an international firm - a lynchpin of decades of trade between East and West - is increasingly dictated by politics, not the laws of free-market economics.
Steven Wirth is joining HSBC to head real asset fund coverage, and Giulio Hoffmann is to jointly lead power, utilities and renewables (PURE) for Europe, the Middle East and Africa. Both will work in the bank's advisory and investment banking coverage team (AIBC) in the global banking division.
The chief executive of HSBC ( HSBA.L) has said multilateral trade deals are more effective than bilateral ones, suggesting Britain should focus on joining regional trading blocs rather than striking individual trade deals. Speaking at the World Economic Forum's Davos Agenda conference on Friday, Noel Quinn said it was "important to be able to tap into multilateral trade agreements".
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.
"The seven day switching service and a decent choice of more ethically-minded banks mean there's no reason to stay put. "Ultimately, things won't change until banks see that we're voting with our feet - and are told in no uncertain terms why."
Hong Kong chief executive Carrie Lam publicly backed HSBC for more expansion in Hong Kong days after the British lender's chief Noel Quinn was grilled by British members of parliament. The Hong Kong chief said she would "love" to see the bank expand in Hong Kong, according to a "Bloomberg" report.
Taipei, Jan. 29 (CNA) World No. 1 Tai Tzu-ying (戴資穎) needed a comeback to secure a spot in the semifinals of the HSBC BWF World Tour Finals in Bangkok on Friday, while the other Taiwanese in the tournament had already clinched semifinal berths.
Colgate India Q3 FY21 delivered impressive 10.1% domestic sales growth in Q3, implying mid-to-high single-digit volume growth, a further improvement sequentially. Reported net sales rose 7.8% yoy (due to weaker export sales) and were in line with consensus. Gross margin of Colgate expanded sharply by 417 bp yoy to 69.6%.
Potential suitors walked away from bidding for oil trader Assets of Hin Leong's sister companies may still draw interest HSBC Holdings Plc and other global banks owed $3.5 billion by Hin Leong Trading (Pte) Ltd. face lower recoveries from the collapsed Singapore oil trader after a sale process failed to attract bids for the company.
HSBC's ( HSBA.L) chief executive and the bank's chief compliance officer will be questioned my UK MPs next week over the bank's freezing of the account of a Hong Kong pro-democracy activist. The bank faced backlash last summer after it issued a statement in favour of a new national security law in Hong Kong that handed China sweeping powers over the former British territory.
The 2021 Abu Dhabi HSBC Championship final leaderboard is headed by winner Tyrrell Hatton, who earned his fourth-career European Tour Rolex Series title with a four-shot win at Abu Dhabi Golf Club in Abu Dhabi, United Arab Emirates.
Perhaps Quinn will offer MPs a different and more convincing characterisation this week. He would do well to bear in mind these words from Tom Tugendhat, the Conservative committee chairman: "Companies listed in London should expect to be scrutinised according to the values we hold, not those of a foreign dictatorship."
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24 Jan 2021 - 8:29 The Peninsula Doha: HSBC has announced the formation of a dedicated Sustainable and Transition Finance Team in the Middle East, North Africa and Turkey (MENAT). The Team will help institutions, corporates and individuals transition to a more sustainable economy.
Englishman Hatton roars clear to claim Falcon Trophy in Abu Dhabi
Saturday At Abu Dhabi Golf Club Abu Dhabi, UAE Purse: $8 million Yardage: 7,583; Par: 72 aamateur Third Round Rory Mcilroy, Northern Ireland 64-72-67_203 -13 Tyrrel Hatton, England 65-68-71_204 -12 Tommy Fleetwood, England 71-67-67_205 -11 David Lipsky, United States 72-66-68_206 -10 Marc Warren, Scotland 72-66-68_206 -10 Rafa Cabrera Bello, Spain 67-67-73_207 -9 Jason Scrivener, Australia 67-70-71_208 -8
Anyone who banks with HSBC, First Direct, M&S or John Lewis should be on the look out for a very specific letter, Martin Lewis has warned. The Money Saving Expert said that customers may be entitled to compensation - so may receive letters from their banks.
According to the report published by Zeal Insider, the "Global Capital Lease Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2013 - 2026 " generated $xx.xx billion in 2016, and is estimated to reach $xx.xx billion by 2023, registering a CAGR of xx.xx% from 2017 to 2023.
Jan 24 (OPTA) - Scores from the European Tour Abu Dhabi HSBC Championship on Sunday -18 Tyrrell Hatton (England) 65 68 71 66 -14 Jason Scrivener (Aust...