HSBC

HSBC received about 950 reports of unauthorised transactions between January 2020 and August 2024, resulting in customer losses of about A$23 million, says the regulator.

Annie Lim appointed as HSBC's GPB desk head for Singapore.

Nuno Matos will become CEO at ANZ Group Holdings, succeeding Shayne Elliott who is retiring after nine years in the role that culminated in a tumultuous ending.

China is a relatively small market for HSBC’s credit card business. The gross carrying amount in this segment was just US$287 million, or about 1% of the global total last year.

The Climate Investment Funds, a US$12 billion fund inside the World Bank, is planning a roughly US$500 million bond issuance.

Other banks that have taken similar steps include HSBC Holdings and Standard Chartered.

Morgan Stanley and Goldman Sachs are both up 13% and 14% respectively since Nov 6, when the KBW Bank Index surged almost 10% in the day after the election.

Firms that improve their scores throughout the tenure of their loan with HSBC may benefit from reduced interest rates. However, should borrowers’ scores decline, the rates on their loans may increase.

SGX has launched Hong Kong SDRs for five mega-cap companies: BYD Company, HSBC, Bank of China, Alibaba and Tencent.

Citibank will close its last “transactional” branch in Singapore, while HSBC has announced the largest update to its Premier and Premier Elite offerings in over two decades.