HSBC is a small player in Australia’s banking sector,but data suggests its customers have been heavily targeted by fraudsters. Those who have lost life savings wish the bank had done more.
The US banking giant discharged members of its wealth and investment management arm after investigating claims that they were pretending to be busy.
HSBC chief Noel Quinn says countries risk being “hit hard” after allowing borrowing to balloon in the wake of the financial crisis and the pandemic.
HSBC’s roots lie in the financing of trade between the East and the West,but tensions between the two,coupled with some shareholder discontent,now threaten to tear it apart.
While we may “cope with it” for a while,there will come a point when we can’t — and the scale of catastrophe will be immense.
“Who cares if Miami is six metres underwater in 100 years?” said Stuart Kirk in a speech at a Moral Money conference that raised eyebrows around the world.
The bank is being challenged by a 17-year-old for promoting products supporting the reef,while funding fossil fuel operations including the Adani mine.
BlackRock and other major financial institutions are working on plans to accelerate the closure of coal-fired power plants in Asia in a bid to phase out the use of the worst man-made contributors to climate change.
A top executive at banking giant HSBC has claimed China’s crackdown on tech companies and society will benefit investors over the long term.
Global banking giant HSBC is reducing its office space in Sydney by 30 per cent before the end of 2022,in line with a recent global strategy to cut back its real estate footprint.
HSBC chief Noel Quinn says the bank has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers,because they are too volatile and lack transparency.