Denise Wee

HSBC Holdings Plc announced a fresh stock buyback and raised its cost-cutting target as it reported second-quarter earnings that beat estimates.

HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the lender will consider boosting its bonus pool for bankers if strong performance continues.

Thousands are returning after the city’s foreign population was hollowed out by Covid and Beijing’s tightening control.

Hong Kong’s move to cut taxes for hedge funds has set off a frenzied wave of maneuvering across the city’s financial sector, with investment banks fearing an exodus of prop traders and one fund even considering rebranding a receptionist as an investor relations official to make the most of the potential windfall.

HSBC Holdings Plc is planning to overhaul its Singapore operations by combining its major banking services under one entity to streamline the structure, according to people familiar with the matter.

HSBC Holdings plc is planning to overhaul its Singapore operations by combining its major banking services under one entity to streamline the structure, according to people familiar with the matter.

Citigroup Inc. plans to increase the headcount at corporate banking desks around the world catering to North Asian clients by about 25% this year as regional firms step up international expansion.

HSBC Holdings Plc is set to start its search for a new chief financial officer, parsing through a pool of internal and external candidates willing and qualified to take on one of the biggest jobs in global finance. The bank is looking to replace Pam Kaur, who unexpectedly announced Thursday she would retire from the role in 2027.

Global finance chiefs will convene in Hong Kong in early November, roughly two weeks before US and Chinese leaders meet in Shenzhen in hopes of securing a long-term trade truce.

Citigroup Inc. is counting on securing an onshore securities license in China as the US lender expands operations in the world’s second-largest economy following a string of major consumer exits across Asia.