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HSBC

HSBC-Helping customers take steps to better health

1 min read

The FINANCIAL -- Find ways to support customers’ health along with their wealth. That’s the idea behind new health and wellness programme being launched in Hong Kong by the bank’s insurance business, HSBC Life.…

HSBC reported Q3 revenues

3 mins read

The FINANCIAL — HSBC Holdings released Q3 2020 earnings.  Noel Quinn, Group Chief Executive, said: “These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy. I’m pleased with the significantly lower credit losses in the quarter, and we are moving at pace to adapt our business model to…

Surveyed HSBC investors and issuers believe more strongly in ESG problems

2 mins read

The FINANCIAL — Capital market participants are attaching greater importance to sustainable finance than a year ago, even as issuers and investors have had to navigate unprecedented challenges due to the COVID-19 pandemic. More than half of investors and three-quarters of issuers say the pandemic has either reinforced their commitment to Environment, Social and Governance…

HSBC plans to become net zero bank

3 mins read

The FINANCIAL — HSBC announced an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy, citing a landmark opportunity to build a thriving, resilient future for society and businesses. The bank is committing to align its financed emissions – the carbon emissions of its portfolio of customers…

HSBC plans to slash 35 000 jobs worldwide

2 mins read

The FINANCIAL — HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth is slowing in HSBC’s major markets.  The London-based bank said it aimed to cut annual costs as it attempts its most drastic overhaul…