HSBC

HSBC’s US$13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod

The Hong Kong bank serves about four million customers through digital platforms and more than 250 branches across the city

HSBC CEO Elhedery (above) said there was still more to be done to make it a simpler and leaner bank, as he continues a turnaround that has already involved thousands of job losses.

HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says

Since taking charge, he has nearly halved the size of the bank’s operating committee

As part of the overall deal, London-based HSBC, which has a unit in France, has discussed a parallel arrangement to resolve a civil tax claim by local authorities.

HSBC set to pay about US$300 million to settle French criminal case

The full agreement would cover the fine to end the PNF case as well as the tax bill

HSBC insiders say Brendan Nelson has impressed while acting as interim chairman.

HSBC’s long-term vision questioned after Nelson appointment

Nelson’s elevation comes as a surprise after HSBC’s yearlong hunt for external candidates

Nelson is the former head of global banking at KPMG, and has expertise in UK and international finance and auditing.

HSBC names Brendan Nelson chairman in surprise move

The bank says Nelson’s appointment follows a robust process assessing internal and external candidates

“We continue to attract top talent at HSBC and invest in our people,” HSBC said in a statement in response to a request for comment about the retention payments.

HSBC’s Swiss private bank boosts some bankers pay to stem exits

The Swiss arm has been increasing compensation of staff, including relationship managers

The Qatar Investment Authority (QIA) is weighing keeping up to 80 per cent of the 45-storey tower as offices after HSBC leaves in 2027.

Qatar's wealth fund shakes up London HSBC tower plans

The move was prompted by a global rebound in demand as companies mandate a return to the office

HSBC plans to conduct a short, internal selection process for the new head of the global credit and financing business.

HSBC overhauls trading business in bid to become debt powerhouse

The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division

The new facility comes about five months after Danantara sought proposals for a borrowing of as much as US$10 billion from regional and international banks in June.

Indonesian sovereign wealth fund Danantara taps banks for US$1 billion credit line

DBS, HSBC, Standard Chartered and United Overseas Bank are underwriting the three-year revolving credit facility