HSBC Holdings Plc, Europe’s biggest lender, is closing the unit that offers retail broking and retail depository services in India as the bank focuses on expanding faster-growing operations.
Hong Kong’s Occupy Central protesters have vowed to remain at the ground floor of the HSBC Holdings Plc headquarters in the city after the bank applied to a court to evict them.
Russell Julius, HSBC Holdings Plc’s head of banking for the Asia-Pacific region, is stepping down from his role and relocating to London, according to two people with knowledge of the matter.
Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress.
Barclays Plc and Credit Suisse Group AG are among banks that have given up Singapore office space as lenders pare ambitions for growth in the Asian financial hub.
Occupy Central protesters in Hong Kong defied a 9 p.m. deadline last night to leave HSBC Holdings Plc’s Asian headquarters where they have spent more than 10 months demonstrating against income inequality.
"We seek to abide by the rules and laws of the jurisdictions and geographies in which we operate."
- Gareth Hewett on Jul 13, 2014