Tag: HSBC

HSBC
April 27, 2022 BY Steffy Bogdanova

HSBC sees revenue drop of 4% in Q1 2022

Noel Quinn, the Group Chief Executive at HSBC, commented: I’m encouraged by our start to the year. Our strategy is on track, with organic growth and good momentum across most parts of the Group. While profits were down on last year’s first quarter due to market impacts on Wealth revenue and a more normalized level…

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November 12, 2021 BY Steffy Bogdanova

HSBC and Saxo partner to expand digital investment offerings in Singapore

Adam Reynolds, APAC CEO, Saxo, commented: Singapore will be the first in HSBC to adopt our trading platform, and we are excited to be combining natural synergies from both companies to deliver an enhanced trading and investment experience for HSBC customers. Saxo’s OpenAPI technology provides best-in-class efficiency and scalability investment and trading architecture, while allowing…

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HSBC
October 25, 2021 BY Steffy Bogdanova

HSBC’s Q3 profits reach $5.4 billion

HSBC’s outlook for revenue remains positive with expectations to see growth, moving forward. The company also noted that it remains committed to the ESG agenda and continues to make progress. Quinn continued: While we retain a cautious outlook on the external risk environment, we believe that the lows of recent quarters are behind us. This…

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HSBC
July 29, 2021 BY Steffy Bogdanova

HSBC joins as a member of the cross-currency swaps service of CLS and IHS Markit

The cross-currency swaps service is an extension of CLS’s PvP settlement service. It also uses the MarkitSERV trade confirmation platform to enable members of CLSSettlement to send their cross-currency swaps for settlement. The cross-currency swap flows are multilaterally netted against all other FX transactions in CLSSettlement, which results in a meaningful reduction in daily funding…

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HSBC
June 15, 2021 BY Steffy Bogdanova

HSBC accused of fraud and misconduct by ECU Group

Richard Lissack, QC and barrister for ECU Group, said of the allegations that: ECU’s case is that HSBC’s foreign exchange trading desk between 2004 and 2006 were rotten. Traders treated clients’ orders as an opportunity for self-enrichment. ECU is a former client of HSBC and also alleges that HSBC’s private bank, HBPB, would commonly carry…

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