The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.
Category: HSBC Holdings PLC.
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London’s Canary Wharf Tries to Revamp Its Image as Banks Exit
A major bank is leaving its long-held headquarters in London’s purpose-built financial district. But the district’s owner has other plans for the area, which may help it survive the pressures it faces.
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Help! My Tour Got Canceled But Travel Insurance Won’t Pay
Destruction from Hurricane Ian led a tour operator to cancel a 10-day excursion to Cuba, leaving a woman with a useless $1,500 plane ticket. That’s what travel insurance is for, right? Our columnist dives into the red tape.
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HSBC Shareholders Defeat Ping An-Backed Measures
The outcome is a win for the bank in its fight with its largest stakeholder, the Chinese insurer Ping An, which argues HSBC isn’t taking full advantage of its profitable Asia unit.
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Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
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Prosecutors Raid France’s Biggest Banks in Tax Fraud Sweep
The New York Times – Business:The raids were part of a widening investigation spanning four continents and involving dozens of banks in an alleged scheme to avoid paying taxes.
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HSBC to Buy SVB UK, Silicon Valley Bank’s British Subsidiary
The New York Times – Business:Prime Minister Rishi Sunak said the country’s financial system was in good health and would not suffer from the demise of Silicon Valley Bank.