Saturday 5 September 2015
 
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HSBC

HSBC appoints M&A head for Mena

HSBC Holdings has appointed Efe Kapanci as the bank's head of mergers and acquisitions in the Middle East and North Africa, according to a company memo seen by Reuters. Kapanci has been with the bank since 2002 and was previou

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Turkish firm closes $106m loan facility

Turkey’s Yapı Kredi Leasing has closed a $106 million syndicated loan arranged by Bahrain-based Bank ABC and HSBC, it was announced yesterday. The two-year syndicated loan will be used by Yapi Kredi Leasing for general corporate and fina

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Payments glitch at HSBC leaves Britons without wages

Thousands of Britons failed to receive their wages on Friday (August 28) when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments.   The glitch affected payme

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ICDL, HSBC launch IT training camps in UAE

ICDL Arabia, certification authority of the ICDL certificate programme, and HSBC Bank Middle East have collaborated for the fourth consecutive year to train 114 children from Dubai and Sharjah on fundamental digital skills. The la

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HSBC to sell Turkish unit to ING

HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700-$750 million in the next few days, two people familiar with the matter told Reuters on Wednesday. ING, which already has a presence in Tur

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Tunisia to block HSBC settlement in Geneva

Tunisia has filed an objection to HSBC's agreement to pay 40 million Swiss francs ($42.5 million) to settle a money laundering investigation at its Swiss private bank, Swiss newspaper SonntagsZeitung reported on Sunday.

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ING set to win auction for HSBC's Turkish bank

Dutch lender ING Group is set to win the auction to buy HSBC's Turkish business, people familiar with the matter said. Four people familiar with the situation said HSBC had narrowed the field to one suitor, with two of the sou

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HSBC faces $2.4bn bill for new ringfencing rules

HSBC will face a bill of around 1.5 billion pounds ($2.4 billion) to shield its domestic retail customers from riskier parts of its operations, the chairman of its UK business told lawmakers on Tuesday. The Bank of England has tol

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HSBC wins Saudi foreign investor licence

HSBC Holdings has received a qualified foreign investor licence in Saudi Arabia and traded shares on the bourse yesterday (June 15), the first day that direct foreign investment was allowed, the bank said. Saudi Arabia’s Cap

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HSBC overhaul, up to 50,000 job cuts

HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief executive Stuart Gulli

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