Tag Archives: HSBC

HSBC Bank has been slapped with a substantial fine of £57.4 million ($73 million) for what the Bank of England’s Prudential Regulation Authority deems as “serious failures” in safeguarding certain depositors over an extended period. This penalty marks the first of its kind under British laws designed to protect customers …

In the last September quarter, HSBC Bank achieved remarkable financial results, reporting net profits of $6.26 billion. This figure represented a substantial increase of 235% in profits compared to the same period the previous year, where profits stood at $2.66 billion. The surge in profits before tax deductions was equally …

SVB Financial Group, a startup-focused lender, became the largest bank to fail since the 2008 financial crisis last week, sending shockwaves across the global financial system and pushing authorities to step in to minimise the consequences. Concerns were also voiced that increasing interest rates would expose weaknesses in the global …

Silicon Valley Bank, or SVB, was closed down by banking regulators on Friday after a dramatic, quick collapse, the second-largest bank failure in US history. SVB had only two days previously indicated that corporation was experiencing a cash problem. It initially sought to generate funds by selling shares, then it …

HSBC’s profit, before tax, jumped to $10.8 billion in the first half of 2021, topping analysts’ estimates of $9.45 billion. While the bank’s revenues decreased in the same period by 4% to $25.6 billion, compared to the same period last year. Analysts had expected the bank to announce a big …