Showing 1 to 12 of 16 results
Frozen Pensions: China Blocks £1 Billion in Hong Kong Savings
Over £1 billion in pension savings belonging to British Hong Kong nationals have been frozen by Chinese authorities with the aid of UK banks, leaving thousands in financial hardship and fearing reprisals for trying to access their funds.
Frozen Pensions: China Blocks £1 Billion in Hong Kong Savings
Over £1 billion in pension savings belonging to British Hong Kong nationals have been frozen by Chinese authorities with the aid of UK banks, leaving thousands in financial hardship and fearing reprisals for trying to access their funds.
Progress
60% Bias Score
HSBC Trader Acquitted After Nine-Year Legal Battle
A US court overturned the conviction of former HSBC trader Mark Johnson for allegedly manipulating foreign exchange rates in 2017, ending a nine-year legal battle after a law used to prosecute him was overturned; the case involved a $3.5 billion trade for Cairn Energy.
HSBC Trader Acquitted After Nine-Year Legal Battle
A US court overturned the conviction of former HSBC trader Mark Johnson for allegedly manipulating foreign exchange rates in 2017, ending a nine-year legal battle after a law used to prosecute him was overturned; the case involved a $3.5 billion trade for Cairn Energy.
Progress
44% Bias Score
Barclays Defends UK Bank Ring-fencing Amidst Calls for Abolition
Barclays CEO defends Britain's bank ring-fencing regime against calls for its abolishment from rivals HSBC, Lloyds, NatWest, and Santander UK, highlighting depositor protection as outweighing administrative costs, while the rivals argue it hinders economic growth and undermines UK competitiveness.
Barclays Defends UK Bank Ring-fencing Amidst Calls for Abolition
Barclays CEO defends Britain's bank ring-fencing regime against calls for its abolishment from rivals HSBC, Lloyds, NatWest, and Santander UK, highlighting depositor protection as outweighing administrative costs, while the rivals argue it hinders economic growth and undermines UK competitiveness.
Progress
36% Bias Score
UK Bank Earnings to Reveal Trade War Impact
UK banks' first-quarter earnings reports, released this week, will reveal the impact of the US-China trade war and global economic uncertainty, with HSBC expected to report a 38% profit drop to $7.8 billion, while domestically focused banks like NatWest and Lloyds will see increased provisions for p...
UK Bank Earnings to Reveal Trade War Impact
UK banks' first-quarter earnings reports, released this week, will reveal the impact of the US-China trade war and global economic uncertainty, with HSBC expected to report a 38% profit drop to $7.8 billion, while domestically focused banks like NatWest and Lloyds will see increased provisions for p...
Progress
52% Bias Score
HSBC Beats Profit Estimates, Announces Restructuring and Share Buyback
HSBC reported a $32.3 billion pre-tax profit for 2024, exceeding estimates, driven by strong performance in wealth and markets, and announced a $2 billion share buyback and significant cost-cutting initiatives under new CEO Georges Elhedery's restructuring plan focused on Asia.
HSBC Beats Profit Estimates, Announces Restructuring and Share Buyback
HSBC reported a $32.3 billion pre-tax profit for 2024, exceeding estimates, driven by strong performance in wealth and markets, and announced a $2 billion share buyback and significant cost-cutting initiatives under new CEO Georges Elhedery's restructuring plan focused on Asia.
Progress
24% Bias Score
HSBC Revises Climate Target to 2050 Amidst Cost-Cutting and Restructuring
HSBC, Britain's largest bank, abandoned its 2030 net-zero carbon emissions target, revising it to 2050, while announcing £1.4 billion in cost-cutting measures including job losses and a focus on Asian markets, following the departure of its chief sustainability officer.
HSBC Revises Climate Target to 2050 Amidst Cost-Cutting and Restructuring
HSBC, Britain's largest bank, abandoned its 2030 net-zero carbon emissions target, revising it to 2050, while announcing £1.4 billion in cost-cutting measures including job losses and a focus on Asian markets, following the departure of its chief sustainability officer.
Progress
40% Bias Score
UK's 'Big Four' Banks Report Record Profits Amidst Fintech Competition
The UK's 'Big Four' banks—Barclays, HSBC, Lloyds, and NatWest—reported record profits exceeding £45 billion in 2024, driven by high interest rates and cost-cutting, despite initial predictions of disruption from newer banking rivals.
UK's 'Big Four' Banks Report Record Profits Amidst Fintech Competition
The UK's 'Big Four' banks—Barclays, HSBC, Lloyds, and NatWest—reported record profits exceeding £45 billion in 2024, driven by high interest rates and cost-cutting, despite initial predictions of disruption from newer banking rivals.
Progress
40% Bias Score
HSBC Sued for \$42 Million in Customer Losses Due to Security Failures
HSBC Australia is being sued by the Australian Securities and Investments Commission (ASIC) for failing to act on repeated warnings about a security loophole that allowed fraudsters to impersonate HSBC staff and steal \$42 million from approximately 950 customers between 2023 and 2024.
HSBC Sued for \$42 Million in Customer Losses Due to Security Failures
HSBC Australia is being sued by the Australian Securities and Investments Commission (ASIC) for failing to act on repeated warnings about a security loophole that allowed fraudsters to impersonate HSBC staff and steal \$42 million from approximately 950 customers between 2023 and 2024.
Progress
32% Bias Score
HSBC Profit Beats Forecasts Amidst Trade War Warning
HSBC reported a $9.5 billion first-quarter pre-tax profit, exceeding forecasts, but warned of potential loan demand and credit quality issues due to the US-China trade war, projecting a low single-digit revenue impact and $500 million in additional credit losses under an adverse scenario.
HSBC Profit Beats Forecasts Amidst Trade War Warning
HSBC reported a $9.5 billion first-quarter pre-tax profit, exceeding forecasts, but warned of potential loan demand and credit quality issues due to the US-China trade war, projecting a low single-digit revenue impact and $500 million in additional credit losses under an adverse scenario.
Progress
44% Bias Score
Mixed Asian Market Performance: Seoul Surges, Tokyo Dips
Asian markets showed mixed results; Seoul's KOSPI rose 1.7% due to a chipmaker tax bill, while Tokyo fell 0.3% despite rising producer confidence; Hong Kong dropped 0.3%, and other markets saw slight gains or losses.
Mixed Asian Market Performance: Seoul Surges, Tokyo Dips
Asian markets showed mixed results; Seoul's KOSPI rose 1.7% due to a chipmaker tax bill, while Tokyo fell 0.3% despite rising producer confidence; Hong Kong dropped 0.3%, and other markets saw slight gains or losses.
Progress
40% Bias Score
HSBC Exceeds Profit Targets, Announces Restructuring
HSBC reported a \$32.3 billion pre-tax profit for 2024, exceeding expectations, driven by growth in wealth and markets divisions. CEO Georges Elhedery is implementing a restructuring plan with \$1.5 billion annual cost cuts by 2026 and a \$2 billion share buyback.
HSBC Exceeds Profit Targets, Announces Restructuring
HSBC reported a \$32.3 billion pre-tax profit for 2024, exceeding expectations, driven by growth in wealth and markets divisions. CEO Georges Elhedery is implementing a restructuring plan with \$1.5 billion annual cost cuts by 2026 and a \$2 billion share buyback.
Progress
28% Bias Score
HSBC Announces Further Job Cuts After £1.2 Billion Restructuring
HSBC CEO Georges Elhedery will announce further job cuts next week, part of a restructuring that saved the bank £1.2 billion, impacting the investment banking division in UK, Europe, and the US, while boosting 2024 profits to £25.4 billion and increasing dividends.
HSBC Announces Further Job Cuts After £1.2 Billion Restructuring
HSBC CEO Georges Elhedery will announce further job cuts next week, part of a restructuring that saved the bank £1.2 billion, impacting the investment banking division in UK, Europe, and the US, while boosting 2024 profits to £25.4 billion and increasing dividends.
Progress
40% Bias Score
Showing 1 to 12 of 16 results