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  • October 22, 2014
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  1. Business - Banking & Finance - STRATEGY

    HSBC retail revamp key to end drag of redress on profits

    Posted Apr 07th 2014, 04:38am by NICK EDWARDS

    ... Nick Edwards nick.edwards@scmp.com Banking giant's salary structure overhaul aims to cut risk of sales misdeeds and compensation payments, which remain a drag on earnings Retail revamp at HSBC to drive profit growth Redress is a word that comes up a lot in an interview with John Flint, the first he has given since taking over as HSBC's global head of retail banking ...

  2. Business - Banking & Finance - BANKING

    HSBC to exit retail banking in South Korea amid profitability concerns

    Posted Jul 06th 2013, 12:00am by KANIS LI

    ... HSBC, Europe's biggest bank, will further scale down its South Korean operations next week by closing its retail business, following the sale of its insurance business in April. ... retail business in South Korea had been profitable overall despite recording losses in one or two years, but "the group questioned if the profits were sustainable". HSBC will no longer ...

  3. Business - Banking & Finance - BANKING

    HSBC blames red tape for 12 per cent drop in profits

    Posted Aug 04th 2014, 04:59pm by DON WEINLAND

    ... years, particularly over its sales of payment-protection insurance in Britain. Redress remains a significant drag on profit growth in the retail and wealth management business, which accounts ...

  4. Business - Banking & Finance - EARNINGS

    HSBC shares rally even as compliance costs bite

    Posted Aug 04th 2014, 10:45pm by DON WEINLAND

    ... dragged down profit growth in the retail and wealth management business, which accounts for about 40 per cent of group revenue. As the outlook for economic growth on the mainland continues ...

  5. HSBC plans to set up 'dark pool' for retail investors

    Posted Jul 25th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Local regulators are expected to closely scrutinise HSBC's plans for a retail version of a 'dark pool' stock market amid concerns about investor ... the highest standards of transparency. That is because the government and regulators have concerns about the service that potentially could attract many retail investors, say several senior people ...

  6. Stock offerings draw massive retail interest

    Posted Jun 24th 2009, 12:00am by Staff Reporter

    ... Wong Ka-chun Mainland companies 361 Degrees International, a homegrown sportswear retailer, and Bawang International (Group) Holding, a shampoo retailer, have drawn an overwhelming response to their proposed initial public offerings in Hong Kong. The offerings have been helped by strong capital inflows and a revival of interest from both institutional and retail investors. ...

  7. Retail buyers to get more of HK's first yuan bond

    Posted Jun 30th 2007, 12:00am by Staff Reporter

    ... Maria Chan China Development Bank plans to increase the retail portion of Hong Kong's first yuan-denominated bonds by up to 2.5 times after receiving strong subscriptions, banking sources said. The five billion yuan bond sale had received more than one billion yuan worth of retail orders, the sources said. The bank would raise the amount for the retail tranche to as much ...

  8. Retail buyers back on top

    Posted Mar 15th 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu Local retail investors have re-emerged as the biggest players in the stock market, according to a Hong Kong Exchanges and Clearing survey. It is the first time in four years that they have overtaken overseas institutional investors in turnover terms, according to 422 brokers questioned from October 2003 to September 2004. Local retail investors contributed 34 per cent ...

  9. HSBC pension unit sharpens its retail focus amid low rates

    Posted Jan 12th 2004, 12:00am by Enoch Yiu

    ... Kong. The firm's Asia-Pacific chief executive, Blair Pickerell, said HSBC Asset Management needed to switch its emphasis to the retail investor sector, which is seeing a growth in demand for investment products. 'Hong Kong has a very large pension business but the market has matured. The future growing potential of the fund industry is on the retail side,' he said. 'The ...

  10. Retail banks see profits rise despite a turbulent year

    Posted Mar 22nd 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Non-interest income and better loan quality lift the lenders After a turbulent year that saw Hong Kong's economy take a heavy beating in the first half, retail banks still managed to bounce back and record a 5.3 per cent increase in pre-tax operating profits last year. With interest income in free fall, largely because of the continual narrowing of net interest ...




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