Trade Ideas

Traders Sentiment

Technical Summary



HSBC appoints new head of Middle East global banking

LONDON, Aug 17 (Reuters) - HSBC HSBA.L has appointed Julian Wentzel as head of global banking for its Middle East, North Africa and Turkey (MENAT) business, according to an internal memo seen by Reuters on Wednesday. Wentzel will be based in Dubai and a search is ongoing to find a successor for his previous role as head of global banking for the UK business, the memo said.

HSBC oversold risks of $35 bln Asia spin-off, investor Ping An thinks - source

* Investor Ping An sees spinoff unlocking up to $35 bln-source * HSBC has said Asia unit separation fraught with risks, costs * Fresh rebuttal shows bank-investor spat to continue By Selena Li, Lawrence White and Anshuman Daga HONG KONG/LONDON, Aug 11 (Reuters) - HSBC HSBA.L 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 b

Higher interest rates a 'bright spot' for Europe's banks

* Banks from Spain to Britain get a lift * Follows years of ultra-low interest rates * Germany's Commerzbank benefiting from higher rates By Tom Sims, Jesús Aguado and Lawrence White FRANKFURT/MADRID/LONDON, Aug 3 (Reuters) - European banks are hoping the boost to their businesses from higher interest rates will be long-lasting as they navigate the economic fallout of war, soaring inflation, and a looming energy crisis.

British Business - August 3

Aug 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - House prices continued to rise in July, but growth is slowing as increasing mortgage costs take a toll on demand, as the average price of a home was 11% higher last month than it was a year earlier at 271,209 pounds($329,735.90).

HSBC hard sells growth plan to disgruntled investors after rebuffing breakup

* HSBC bosses urge growth, not breakup of bank * Bank faces small protests at Hong Kong meeting * Analysts say breakup unlikely for now By Selena Li and Anshuman Daga HONG KONG/SINGAPORE, Aug 2 (Reuters) - HSBC HSBA.L executives on Tuesday defended the lender's strategy to operate as a global bank and promised better returns to disgruntled individual shareholders in Hong Kong, a day after rebuffing a break-up plan by its top investor.


Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.