Edition:
United Kingdom

Sumeet Chatterjee

StanChart eyes $100 billion private bank assets in growth push, to hire bankers

14 Aug 2019

HONG KONG Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion (£83 billion) in three to five years and will hire dozens of bankers in Hong Kong and Singapore towards that goal, a senior executive of the lender said.

Lower fees, snazzy branches: Hong Kong banks gird for online-only onslaught

14 Aug 2019

HONG KONG Hong Kong's biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels to meet competition from new online-only lenders in one of the world's most profitable banking markets.

HSBC Greater China chief Wong leaves for external role

09 Aug 2019

HONG KONG HSBC Holdings' Greater China Chief Executive Helen Wong is leaving, a bank spokeswoman said on Friday, the second senior departure this week after the ousting of group CEO John Flint.

HSBC axes CEO Flint in shock shift to speed up strategy

05 Aug 2019

HONG KONG/LONDON HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe's biggest bank said was needed to speed up progress on priority areas such as the turnaround of its U.S. business. | Video

StanChart warns of trade war, rate risks after profit tops estimates

01 Aug 2019

HONG KONG/LONDON Standard Chartered PLC flagged the tit-for-tat tariff war between China and the United States and an easing monetary policy cycle as potential risks for the Asia-focused lender, even as it managed to exceed first-half profit estimates.

After $6 billion M&A spree, insurer FWD eyes China foray ahead of potential IPO

31 Jul 2019

HONG KONG Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region's insurance sector.

China probes small bank shareholdings as risk worries persist

31 Jul 2019

BEIJING/HONG KONG China is sharpening its scrutiny of small banks' shareholders amid fears that loans from the lenders to big investors could prove a weak point in the country's financial system, jolted by the state's weekend rescue of one lender and recent takeover of another.

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