HSBC

HSBC Declares New Market Paradigm Where Fixed Income Reigns

According to HSBC Asset Management, when the global order breaks, markets have entered a "new paradigm" and recession risk indicates that "bonds are back.

HSBC breaks tradition, names AIA boss Mark Tucker as chairman

The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.

HSBC and JPMorgan Well Ahead In ARAMCO IPO Race

State owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

HSBC to repackage global loan into bonds to increase profits

HSBC is repackaging its loans sold in Asia, Africa and the Middle East into bonds to increase its investment banking profits as pre-crisis regulations has made it more expensive to earn in the loan business.

Switzerland sentences the "Edward Snowden of Tax Evasion" to 5 years in prison

After a six year investigation by the Swiss authorities, Herve Falciani was sentence to five years imprisonment for corporate espionage.

HSBC and JPMorgan Chase Must Increase Their Cash Reserve According to New Rule

After seven years of Lehman Brothers collapse, global economy learns to prevent the same incident occurs. Top 30 world's most important banks must raise trillions to meet new rules of total loss-absorbing capacity, on top of the lists are HSBC and JPMorgan Chase.

HSBC Pre-Tax Profit grew more than expected due to lower regulatory fines cost

Lower cost of regulatory fines led to an increase in HSBC's pre-tax profit, beating analysts' expectations of $5.2 billion.

Latest Stories

Over 25% of US Consumers Earning Below $50,000 Avoid Fast Food Due to High Cost

According to a January survey conducted by consulting company Revenue Management Solutions, over 25% of those with incomes under $50,000 were reducing their use of fast food, citing expense as a reason.

Strong US Economy Masks Struggles of Low-Income Consumers

One of the primary foundations preventing the U.S. economy from entering a recession-resilient family spending-is beginning to show signs of weakness.

Trump's Second Presidency Could Spell Gains for Crypto, NFTs

Geoff Kendrick, the head of FX Research and Digital Assets Research at Standard Chartered Bank, suggests that a win by former U.S. President Donald Trump in the upcoming November U.S. presidential election could have a positive impact on Bitcoin.

TikTok Ban on Hold? App Fights for 170 Million US Users

On Tuesday, TikTok and its Chinese parent firm ByteDance filed a lawsuit in a U.S. federal court, attempting to overturn a bill that President Joe Biden had signed that would have required the 170 million Americans who use the short video app to either divest or outright prohibit it.

SEC Chair Gary Gensler Deems Crypto a Central Player in Market Issues

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler covered a variety of subjects, including cryptocurrencies.

Must Read

Second Chance for FTX? Exchange Offers Full Repayment Plus Compensation to Creditors

FTX intends to fully repay the remaining creditors plus pay them "billions in compensation for the time value of their investments," leaving 98% of its creditors with up to 118% of their permitted claims.

Equinox’s Ultra-Pricey Program Aims to Extend Your Life

Equinox, a high-end fitness business, is charging for the ultimate luxury: longer life. The business unveiled a subscription on Monday that, at a whopping $36,000 annually, entitles users to more than 100 tests designed to improve health and lengthen life.

Can a $22,000 All-Inclusive Resort Live Up to the Hype?

According to a JLL Research Hotels & Hospitality research, demand for all-inclusive resorts surged after the pandemic. The study found that suddenly, many travelers desired stress-free, simple-to-plan trips, ideally with a health focus.

Crypto Price Predictions for 2026: Bitcoin, Ethereum, Option2Trade Will Increase Value

In the cryptocurrency industry, the forecast that Bitcoin (BTC) will reach $500,000 by 2026 embodies optimistic confidence. Several variables support this enormous price objective, which analysts predict will increase Bitcoin's value.

Crypto Giant Kraken Makes Waves in Europe with New German Deal

By revealing a new strategic alliance that will allow Kraken to actively improve its product offering in Germany, a crucial market for the adoption of cryptocurrencies in Europe, Kraken is doubling down on its goal of expanding throughout the continent.

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