hsbc

StanChart eyes quick recovery as profit falls 12% on coronavirus crisis

HONG KONG/LONDON (REUTERS) - Standard Chartered's first-quarter profit tumbled 12 per cent on increased credit impairment and provisions for future loan losses as the coronavirus crisis hammered its borrowers, even as it expects an economic recovery later this year. The emerging markets-focussed lender's more positive tone contrasts with other European lenders that have posted earnings so far, saying it was seeing encouraging signs in China that the recovery could be yet more rapid than that. As a British-based lender focused on Asia, Africa and the Middle E...
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HSBC Q1 profit halves on higher bad loan provisions, including a 'Singapore corporate exposure'

HONG KONG (REUTERS, BLOOMBERG) - HSBC Holdings' first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide. Europe's biggest bank by assets said profit before tax came in at US$3.21 billion (S$4.56 billion) for January-March, down from US$6.21 billion a year ago and below an average analyst forecast of US$3.67 billion compiled by the bank. The bank increased its expected credit impairment charges by a hefty US$2.4 billion to US$3 billion due to the im...
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HSBC Insurance Singapore

HSBC Insurance Singapore (a subsidiary of HSBC bank) is one among the leading companies, providing traditional life assurance and investment-linked plans for people and their families within the country. Globally, HSBC Insurance employs around 6,500 people in over 20 countries and territories. In Singapore, the corporate has over 650 customer-focused employees, along side international and native brokers, and financial planners providing customers with comprehensive life assurance products and services. Company's insurance products and services Personal I...
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HSBC cuts top investment bank jobs despite wider firing freeze

LONDON/HONG KONG (REUTERS) - HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that chief executive Noel Quinn is pressing on with plans to shake up the group despite having put a wider job cut programme on hold. CEO Quinn last month announced a temporary halt to plans for 35,000 redundancies across the bank because of the impact of the coronavirus pandemic. Quinn, who took on the permanent CEO role in March after a lengthy audition process during which Chairman Mark Tucker courted several external can...
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Swift codes of HSBC SINGAPORE

We have shared the swift code of HSBC Singapore Bank with you in the following. The swift code is a code unique to banks and used in international money transfers. Swift codes are specified separately for each available bank. When someone is going to transfer you money from abroad or when you will transfer money to abroad, the process needs to be carried out with the swift code of the receiver bank. This means that swift code is more important than the name of the bank during the transactions. Swift system is quite beneficial and systematic due to it offers both s...
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Hsbc Singapore Branches and Opening Hours

In this section, you can find the HSBC Bank Branch Locations in Singapore which we have compiled just for our visitors. There are 11 branches in Singapore. It is possible to handle all of your transactions that you want to perform with your bank. Although HSBC Singapore may not have to most branches in the country when compared to the other banks operating in Singapore, you can be sure that they never give up from their understanding of quality service. If you are one of the clients of any HSBC branches in all around the world, you can expect the same quality t...
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