Rappler's latest stories on HSBC
Ateneo lands 1st runner-up in international business case competition
PRESS RELEASE: Ateneo de Manila University is the first Philippine university to win 1st runner-up at the prestigious HSBC/HKU Asia Pacific Business Case Competition
HSBC under fire in UK for backing China's Hong Kong law
HSBC's support for China's proposed Hong Kong security law angers business and political circles in Britain
UK banking giants back China's Hong Kong security law
HSBC and Standard Chartered express support for the highly controversial security law China is pushing in Hong Kong
HSBC profits halved as virus batters global economy
HSBC reports pre-tax profits of $3.2 billion in the 1st quarter of 2020, down 48% from the same period in 2019, citing credit losses from clients struck by the economic slowdown
Virus crisis forces UK banks to axe billions in payouts
Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Santander, and Standard Chartered all say they will scrap dividends until the end of 2020
HSBC axes 35,000 jobs as profits slump
Banking giant HSBC plans to cut its global workforce by 15% over the next 3 years
Allianz PNB Life Insurance partners with HSBC for distribution
The first product of the tie up is a single pay investment linked life insurance plan that gives access to the Allianz Global Investors Fund
Under Duterte, is PH economy in good hands?
Growth momentum is there until 2017 but beyond that the management of the new leader Duterte will have a key role says the senior economist at ING bank
#ThewRap: Things you need to know, January 18, 2017
Hello Here s a roundup of news you need to know this Wednesday
PH's war on drugs likely has short-term impact on FDIs – HSBC
We do see some challenge in [terms of] foreign investors perception on the latest measure taken by the new government says HSBC s Cheuk Wan Fan
HSBC funding Indonesian forest destruction – Greenpeace
The environmental group said the British bank had broken its own guidelines which ban supporting palm oil companies involved in unsustainable practices
PH economy to stand out in Asia in 2017 – HSBC
The financial giant raises its 2016 GDP forecast for the country to 6 8 from 6 5 as well as its 2017 GDP forecast to 6 5 from 6 3
Growing middle class, ASEAN links boost PH investment prospects
HSBC Philippines chief sees greater UK investor interest in the country while the head of the Philippines’ oldest conglomerate sees the ASEAN market and its growing middle class pulling in more foreign investors
BSP eases forex limits for consumers, corporations
The new regulations lift the cap on foreign currency that can be purchased without supporting documents to 500 000 for individuals and 1 million for firms among others
HSBC sees peso improving to P45 to $1 by end-2016
The Philippines is in a good position to attract more foreign investments this year according to HSBC s latest foreign exchange report
HSBC profits plunge as Brexit uncertainty bites
The bank s earnings after tax drop 40 to 2 61 billion in the second quarter of 2016
HSBC urges investors to buy PH stocks post-Brexit vote
The Philippines is quite good The impact of Brexit in the Philippines is not very big says HSBC s Herald van der Linde
London's City finance hub braces for possible Brexit
Big banks insurance giants trading exchanges and accounting firms prepare contingency measures in case Britain leaves the European Union
HSBC 2015 results disappoint amid 'seismic' economic shifts
UPDATED The bank also reveals it is under investigation over its hiring practices in Asia Pacific
US-ASEAN Summit likely a 'win' for global trade – HSBC
The summit could be a springboard for increased trade between the United States and Southeast Asian nations
PH November inflation climbed to 0.6% – HSBC
HSBC says the consumer price index of ASEAN member economies would fall below targets this year
Philippines immune from China slowdown, HSBC says
HSBC says capital flight has hurt Malaysia and Indonesia amid lower commodity prices
6 in 10 expats integrate well in PH – HSBC survey
The HSBC Expat Explorer survey shows that 57 of expats living in the Philippines have found their work to be more fulfilling since relocating here
As ASEAN growth slumps, PH still bright spot in region – HSBC
HSBC experts also say that India with its resurgent economy and vastly untapped domestic market is a potential ASEAN growth engine
'Invest in PH now' - Gov't, business make pitch to US investors
The conference is part of a high level 3 city trade mission aimed at encouraging US investment in the country
HSBC unveils radical overhaul to axe up to 50,000 jobs
UPDATED Europe s biggest bank aims to save up to 5 0 billion 4 4 billion euros in annual costs within 2 1 2 years as it seeks to boost profits and move past recent scandals
Philippine inflation unlikely to go lower than 1.6%
Economists cite the good and the bad of inflation hitting a 20 year low
HSBC faces French criminal probe over 'SwissLeaks'
That data indicates the bank helped over 120 000 clients to hide 180 6 billion euros from tax authorities
Most Asian women not ready for 'comfortable retirement' – survey
Women should start planning for their retirement as soon as they have a regular income an HSBC survey suggests
Foreign investors jittery over PH 2016 presidential polls
Investors are also looking in general for a fresh face not an old face says an analyst
HSBC confirms boss holds Swiss bank account
Allegations that London based HSBC s Swiss private banking arm helped clients in more than 200 countries dodge taxes on accounts containing 180 billion euros 204 billion have caused a political storm in Britain
Swiss raid HSBC in money laundering probe
2nd UPDATE HSBC Switzerland said: We have cooperated continuously with the Swiss authorities since first becoming aware of the data theft in 2008 and we continue to cooperate
HSBC takes out ads to apologize over Swiss tax claims
HSBC ad: We must show we understand that the societies we serve expect more from us We therefore offer our sincerest apologies
Mexico tax authorities to probe SwissLeaks accounts
Aristoteles Nunez head of the Mexico s tax collection service says his agency will check whether the Mexicans linked to the SwissLeaks scandal failed to declare any earnings
Venezuela says SwissLeaks accounts 'transparent'
Venezuela ranked third among the countries with the largest dollar amounts in the leaked Swiss files
British opposition goes on warpath over HSBC scandal
UPDATED Miliband attacks Cameron as a dodgy prime minister and homes in on Stephen Green the former chief executive and chairman of HSBC who later became a trade minister under Cameron
HSBC Switzerland met clients in 25 countries – reports
The latest files in the so called SwissLeaks affair shows that during 2004 and 2005 the bankers had at least 1 645 meetings in 25 countries with clients or prospective clients
HSBC 'tax dodge' revelations are just tip of iceberg, says leaker
Herve Falciani an IT worker turned whistleblower says the media reports on the documents contents were based on just a fraction of the files he gave to the French state
Secret HSBC 'tax dodger' files cause global shockwaves
UPDATED Secret documents published online alleging banking giant HSBC helped wealthy customers dodge millions of dollars in taxes spotlights the financial dealings of the world s ultra rich
Reforms to buoy PH growth in the long term
While rosy economic prospects loom for the former Sick Man of Asia analysts warn of a turnaround if serious reforms are not put in place
DTI: Public spending to put PH back on ‘high growth path’
Economists however do not share Trade Secretary Gregory Domingo’s optimism of over 7 growth for 2015 as they lower expectations for the country’s growth
Economists lower expectations for 2014 Philippine economic growth
With only a 3rd quarter economic growth of 5 3 experts say that ‘normalized’ government spending private consumption and investments will help the country stay on its growth track
HSBC sets aside $378M for fine over forex scandal
The Asia focused lender sets aside the amount for a potential fine in Britain to settle allegations of foreign exchange market rigging as it posted mixed third quarter earnings
Headline inflation drops to 4.4% in June
Headline inflation may approach the upper end of the central bank s 3 to 5 target range for 2014 an HSBC report says
HSBC, 4 other banks sued for manipulating gold prices
Five banks at the center of London s gold trade have been sued in New York for manipulating prices in the latest accusation of fraudulent collusion in the global finance hub
'PH aviation consolidation good for Cebu Pacific'
HSBC says industry consolidation in the Philippines provides a better operating environment for Cebu Pacific
China manufacturing index hits 7-month high: HSBC
This adds to the evidence that the world s second largest economy is recovering the British banking giant says
Higher forecasts for PH after strong Q2
Banking giants Citi and HSBC upgrade their 2013 growth forecasts for the Philippines citing expected modest gains in the export sector and sustained household and government consumption
Oil prices drop amid upbeat data from China
Oil prices fell on Monday despite upbeat economic data from China
China manufacturing falls to 11-month low: HSBC
This is the first evidence the Asian economic giant is losing further momentum
