Hsbc

The UK arm of collapsed US lender SVB has been sold to HSBC in a private sale overseen by Britain and the Bank of England, the government said Monday.

The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.

Economists at HSBC Securities and Capital Markets expect domestic demand to remain stronger as compared to global demand, adding that demand for goods - higher than services demand during the pandemic - has fallen in recent months.

HSBC, Mastercard and Wells Fargo, along with other banks, have launched a digital dollar blockchain project named the ‘Regulated Liability Network (RLN)’. The launch of RLN is essentially a trial that will run for twelve weeks and singularly operate in co-relation with the US dollar. This result of this trial is expected to become an important ...

The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.

The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.

SWIFT, the financial messaging system that connects over 11,500 banks and funds around the world, has laid out a blueprint for a global central bank digital currency (CBDC) network. The plans for a CBDC network come after an 8-month experiment with the central banks of France and Germany and lenders such as HSBC, Standard Chartered and UBS. Once sc...

HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding the move could unlock up to $35 billion in value.

Renewable energy firm ReNew Power has tied up with HSBC India to electrify 75 schools in three states with solar energy and create awareness about climate change in school curriculum, the two companies said in a joint statement.

A day after rebuffing a break-up plan by its top investor, HSBC fielded questions from disgruntled retail investors on Tuesday and its executives defended their strategy to operate as a global bank at its first meeting in Hong Kong in three years.

HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategic market for growth.

Foreign lender HSBC India on Monday announced that it will lend $250 million to startups in the country

यह सुविधा अगस्त 2023 तक चालू हो जाएगी, जिसमें सालाना 2,500 इलेक्ट्रिक सीवी का उत्पादन करने की क्षमता होगी, जिसका वाणिज्यिक उत्पादन अक्टूबर 2023 तक शुरू हो जाएगा.

UK’s Standard Chartered Bank has purchased digital land in The Sandbox metaverse. The lender is looking to engage with people in the art and sports communities, that have been getting active in the metaverse space. In recent times, other financial giants such as American Express, HSBC, and JP Morgan have already marked their presence in the virtu...

Mastercard is joining its contemporaries like Visa, JP Morgan, and HSBC in stepping up its metaverse game. The payments giant has filed for 15 trademarks surrounding its entry into the virtual universe. The company is looking to host educational seminars as well as social events and concerts in the metaverse, its patent applications reveal. It coul...

The UK arm of collapsed US lender SVB has been sold to HSBC in a private sale overseen by Britain and the Bank of England, the government said Monday.

The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.

Economists at HSBC Securities and Capital Markets expect domestic demand to remain stronger as compared to global demand, adding that demand for goods - higher than services demand during the pandemic - has fallen in recent months.

HSBC, Mastercard and Wells Fargo, along with other banks, have launched a digital dollar blockchain project named the ‘Regulated Liability Network (RLN)’. The launch of RLN is essentially a trial that will run for twelve weeks and singularly operate in co-relation with the US dollar. This result of this trial is expected to become an important ...

The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.

The Reserve Bank of India (RBI) will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on November 1, identifying nine banks to participate in the project. The pilot with include SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC, the RBI said.

SWIFT, the financial messaging system that connects over 11,500 banks and funds around the world, has laid out a blueprint for a global central bank digital currency (CBDC) network. The plans for a CBDC network come after an 8-month experiment with the central banks of France and Germany and lenders such as HSBC, Standard Chartered and UBS. Once sc...

HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding the move could unlock up to $35 billion in value.

Renewable energy firm ReNew Power has tied up with HSBC India to electrify 75 schools in three states with solar energy and create awareness about climate change in school curriculum, the two companies said in a joint statement.

A day after rebuffing a break-up plan by its top investor, HSBC fielded questions from disgruntled retail investors on Tuesday and its executives defended their strategy to operate as a global bank at its first meeting in Hong Kong in three years.

HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategic market for growth.

Foreign lender HSBC India on Monday announced that it will lend $250 million to startups in the country

यह सुविधा अगस्त 2023 तक चालू हो जाएगी, जिसमें सालाना 2,500 इलेक्ट्रिक सीवी का उत्पादन करने की क्षमता होगी, जिसका वाणिज्यिक उत्पादन अक्टूबर 2023 तक शुरू हो जाएगा.

UK’s Standard Chartered Bank has purchased digital land in The Sandbox metaverse. The lender is looking to engage with people in the art and sports communities, that have been getting active in the metaverse space. In recent times, other financial giants such as American Express, HSBC, and JP Morgan have already marked their presence in the virtu...

Mastercard is joining its contemporaries like Visa, JP Morgan, and HSBC in stepping up its metaverse game. The payments giant has filed for 15 trademarks surrounding its entry into the virtual universe. The company is looking to host educational seminars as well as social events and concerts in the metaverse, its patent applications reveal. It coul...