HSBC

UBS Group expressed optimism about Chinese stocks, citing the recent tariff pause with the U.S., potential stimulus measures from Beijing and attractive low valuations as key drivers. UBS’ stance coincided with a market sell-off in U.S. equities amid trade tensions, SCMP reported on Monday....

Wall Street's recession sirens are blaring — and as traditional markets brace for impact, Bitcoin's (CRYPTO: BTC) defiant rally has investors asking: is this digital gold 2.0 or just fool's gold with better marketing? Big Banks Turn Bearish, And Fast Recession probability forecasts aren't just...

In a bid to achieve its $1 billion climate tech finance goal, HSBC Holdings PLC (NYSE:HSBC) has partnered with Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google. What Happened: HSBC, the largest bank in the UK, has teamed up with Google to provide funding to fast-growing climate...

HSBC’s head of public affairs, Sir Sherard Cowper-Coles, apologized for criticizing U.K.’s compliance with U.S.-China business restrictions, BBC reports. Cowper-Coles had accused the British government of being “weak” for complying with U.S. demands to cut back business...

Silicon Valley Bank's U.K. subsidiary reportedly handed over $18 million in bonuses days after HSBC Holdings Plc (NYSE: HSBC) was roped in as part of a rescue deal to save the institution from insolvency.  Payouts to staff, which included senior executives, were given...

An influential lawmaker in the European Union has urged regulators to prevent panic from spreading following the collapse of Silicon Valley Bank, part of SVB Financial Group (NASDAQ: SIVB). Markus Ferber, a representative of the leading center-right party in the European Parliament, called on EU...

On CNBC, HSBC economist Frederic Neumann said increased prices in energy, commodities and agriculture products are a big headwind for Asia’s economies. Some economies in the Asian region are still battling the COVID-19 omicron variant, and higher energy prices now are expected to add more...

On CNBC, Parash Jain of HSBC (NYSE: HSBC) said although demand in 2021 is 6% higher than the 2019 level, it has been uneven around the world. Overall global trade is "handsomely ahead" of the pre-COVID level, Jain said.  Although disruption in any part of the supply chain will...