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2024-02-22 | Current Affairs

HSBC Faces Steepest Share Drop Since 2020 As Profits Drop 80% 

Today’s News  HSBC witnessed its most substantial share decline since 2020 following an 80% drop in quarterly profit and a USD 3 billion charge on its stake in a Chinese bank. The bank reported pre-tax profits of USD 1 billion for the final quarter of 2023, down from USD 5 billion the previous year.   […]

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2023-12-22 | Current Affairs

Canada Approves USD 10.1 Billion HSBC Canada Unit Deal 

Today’s News Canada has officially granted approval for the proposed USD 10.1 billion acquisition by Royal Bank of Canada (RBC) of HSBC Holdings’ Canadian unit, a significant move arriving more than a year after the announcement of the deal. Canadian Finance Minister Chrystia Freeland highlighted that RBC consented to adhere to various conditions encompassing Canadian […]

HSBC Faces Steepest Share Drop Since 2020 As Profits Drop 80% 

2024-02-22 | Current Affairs

Canada Approves USD 10.1 Billion HSBC Canada Unit Deal 

2023-12-22 | Current Affairs