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HSBC pulling back from China credit card business
Exclusive: HSBC pulling back from China credit card business after struggling to expand, sources say
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.
HSBC Pulls Back Credit Card Business in China, Reuters Reports
HSBC Holdings Plc is pulling back from its credit card business in China, Reuters reported, citing unidentified sources.
HSBC pulls back credit card business in China: Reuters
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.
HSBC pulling back from China credit card biz after struggling to expand
HSBC has stopped issuing new cards and is working towards winding down the service offered to a large part of China onshore customers
10h
HSBC’s Greater China Loan Syndications Head Anita So Retires
HSBC Holdings Plc’s head of loan syndications for Greater China, Anita So, is retiring after a 36-year career in banking, ...
1d
HSBC loses court challenge against $33.4 mln EU cartel fine
HSBC on Wednesday lost its challenge against a 31.7 million euro ($33.4 million) EU cartel fine after Europe's second top ...
11d
on MSN
HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the ...
Bernews
17h
HSBC Warns Of Fraudulent Phone Calls
HSBC Bermuda issued a warning today about an increase in scam attempts targeting the public through phone calls [vishing] to ...
cnbctv18
6h
HSBC economist predicts next RBI interest rate cut in February
HSBC's Pranjul Bhandari maintains a GDP growth forecast of around 6.5% for Q2, though she acknowledges key challenges. Urban ...
12h
HSBC Executives Acquire Shares Under Incentive Plan
HSBC Holdings (GB:HSBA) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now ...
1h
HSBC downgrades Autodesk on moderating earnings growth, valuation concerns
The company reported its revenue rise 11% to $1.57 billion, roughly in-line with consensus estimates of $1.564 billion but below HSBC's $1.591 billion. Adjusted operating margins declined by 2.19% on ...
ET Now on MSN
1h
Major push to National Green Hydrogen Mission! IIT Bombay, HSBC India shortlist 6 projects for innovative solutions
HSBC India said that the six projects have been shortlisted for incubation at IIT Bombay through a stringent process by a ...
Reuters on MSN
2d
HSBC loses court challenge against $33.4 million EU cartel fine
BRUSSELS (Reuters) -
HSBC
on Wednesday lost its challenge against a 31.7 million euro ($33.4 million) EU cartel fine after ...
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