Bank Strategy/Results

  • Biden’s Hong Kong stance adds to HSBC’s ‘unique conundrum’

    Biden’s Hong Kong stance adds to HSBC’s ‘unique conundrum’

    As Western companies operating in Hong Kong await the details of a warning from the US State Department about the risks of doing business in the special administrative region, analysts say the growing rift between China and the US is putting HSBC in an especially uncomfortable position.

  • BNPP creates global banking unit in Apac

    BNPP creates global banking unit in Apac

    BNP Paribas has created a new global banking division in Asia Pacific, a move that brings the structure of its business in the region in line with its international operations, GlobalCapital Asia has learnt.

  • Citi to boost wealth management business in Apac

    Citi to boost wealth management business in Apac

    Citi is planning to hire around 2,300 people to support the expansion of its wealth management business in Asia Pacific, as the bank undertakes a restructuring that boosts focus on its four wealth centres.

  • HSBC GBM to double down in Asia, Middle East

    HSBC GBM to double down in Asia, Middle East

    HSBC's global banking and markets division (GBM) plans to invest in Asia and plug more than half its risk-weighted assets (RWAs) in the Apac region and the Middle East by 2022, the bank outlined when reporting its full-year results on Tuesday. Meanwhile, in the final three months of last year, global banking revenues fell year-on-year, but proceeds from equities more than doubled.

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