Friday 24 October 2014
 
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HSBC

Top HSBC executive in Saudi leaves bank

The chief executive of HSBC Holdings' investment banking business in Saudi Arabia, Walid Khoury, has left the bank, a spokesman for the lender confirmed on Monday. Nabeel Shoaib, who was deputy CEO and chief operating officer

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UAE equity firm eyes Turkey for second, $500m fund

Mena Infrastructure, a private equity firm jointly owned by HSBC, Dubai-based Fajr Capital and Abu Dhabi's Waha Capital, aims to make its first foray into Turkey next year. It plans to raise $500 million for its second sharia-

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HSBC profit declines 12pc to $12.3bn

Europe’s largest bank HSBC warned that regulators’ zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 per cent drop in first-half profit. Lost revenue from closing

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Iran to resolve HSBC freeze on trade financing

Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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Ma'aden appoints HSBC as advisor for rights issue

Saudi Arabian Mining Co (Ma'aden), has appointed HSBC Saudi Arabia as financial advisor for its planned 5.6 billion riyals ($1.49 billion) rights issue, the company said in a statement on Monday. Ma'aden had earlier this m

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HSBC's pay policy draws fire from investors

More than a fifth of HSBC's shareholders opposed the bank's pay policy yesterday in the latest show of anger that banks have not reined in bonuses enough in the wake of the financial crisis. About 21 per cent of investors

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HSBC-Gulf Air launch service promotion

HSBC Bahrain and Gulf Air, the national airline of the kingdom, have renewed their agreement to provide customers with an enhanced, value-added travel experience through a joint promotion. Valid until December 31 this year, the jo

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HSBC-Gulf Air launch service promotion

HSBC Bahrain and Gulf Air, the national airline of the kingdom, have renewed their agreement to provide customers with an enhanced, value-added travel experience through a joint promotion. Valid until December 31 this year, the jo

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HSBC warns of choppy markets as profits fall short

HSBC missed market expectations with a 9 percent increase in annual profit and warned of greater volatility in emerging markets this year, sending shares in Europe's biggest bank to a 15-month low. HSBC, which is based in Lond

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