The Shariah-compliant facility was secured with several banks.

The takeover was finalized for an undisclosed amount.

Canadian Finance Minister Chrystia Freeland said RBC would be required to establish "a new integrated banking center" in Vancouver, eliminate certain transfer fees between the two banks, and "protect" the jobs of HSBC Canada's 4,000 employees. Canada's leading bank will also have to increase its workforce in the Manitoba's provincial...

"COP28 is a very important conference because what it's doing is not just bringing people together, but it provides certainty about the deadline that everyone wanting to make any real commitment must adhere to," he adds, underscoring the significance of the UN Climate Change Conference being held in Dubai.

Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the first regional collaboration of its kind to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East....

Its pre-tax profit more than doubled to US$7.7bn.

DAE said this is the company's largest ever loan facility.

According to a report by asset management firm Janus Henderson, payouts to shareholders are expected to grow further in spite of economic uncertainty. During the second quarter payments by the 1,200 biggest public companies rose more than expected, increasing by 4.9 percent compared to the same April-to-June period last year.

Revenue jumped $12.3 billion to $36.9 billion.

The new unit is headed by former SVB UK boss Erin Platts.

HSBC joined the fray on Thursday, suspending certain home loans as it also sought to cope with significant new demand but stressed there was no change for existing customers. Inflation data has set off speculation that the central bank will ramp up its key interest rate even higher to contain...

Dubai, UAE: The economic potential of the Middle East-China trade corridor was the focus of discussion at an exclusive International Connections briefing organised by HSBC and the UAE China Business Council, for Chinese businesses and clients based in the UAE. HSBC hosted Chinese ambassador to the UAE Zhang Yiming and...

Ping An had called on HSBC to engage in a "strategic restructuring" that would see it create a separately-listed bank headquartered in Hong Kong. Huang said the proposal would allow the bank to retain control over a separate Asia business, adding that management had "exaggerated many of the costs and...

The bank has urged shareholders to vote down the proposal.

Its pre-tax profits touched US$12.9bn in Q1 of 2023.

HSBC's largest stakeholder Ping An says the split will improve business.

In a rescue deal, it bought SVB for a nominal price of $1.2.

Abu Dhabi, UAE - The United Arab Emirates is the best country for expat lifestyle, according to a survey by the HSBC. A total of 36 percent of the people surveyed said chances of having a better lifestyle is the main reason for relocating to the UAE, significantly higher than...

It, however, posted a jump in revenue to $15.7bn.

Bank will use funds for core business, give cash to investors.

Pre-tax earnings sank 15 percent to $9.2 billion.

Higher-than-expected credit losses and inflation are to blame.

Dubai Financial Market (DFM) announced today that HSBC has become the first international General Clearing Member (GCM) to join the market, enabling the bank to provide clearing and settlement services to its customers worldwide and to other DFM trading members. The introduction of GCM service on DFM by HSBC is...

The UAE has launched conventional AED denominated Treasury Bonds (T-Bonds) with benchmark auction size of AED1.5 billion ($400 million). The bonds were launched by the Ministry of Finance (MoF) as the Issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent. Subject to...

HSBC sponsors the program that provides open-source sustainability skills, ideas and solutions to all university and college students in the MENA region.

The London-headquartered bank on Tuesday reported pre-tax profit of $18.9 billion in 2021, up $10.1 billion on the year before, helped by lower bad loans and operating expenses.

A new research paper will explore potential green hydrogen collaborations between the United Arab Emirates and the United Kingdom.

Saudi Arabia has roped in HSBC to “identify and promote” sustainable investment opportunities. The agreement between the two was signed at the Future Investment Initiative conference in Riyadh.

Overall, the Middle East, North Africa and Turkey (MENAT) was the highest-ranking region for the quality of life, with 71 percent of expats recommending it, according to a survey commissioned by HSBC Bank. More than 20,000 expats in 46 countries were questioned for the survey.

DUBAI: HSBC Saudi Arabia has said it is offering the first environmental initiative investment fund in the kingdom, which will provide eligible investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation. The company said the HSBC Global Equity Climate Change Fund will provide interested customers...

HSBC has sanctioned a loan of $81.67 million to Aldar Properties that has its interest linked to achievement of sustainability targets This reportedly made Aldar the first real-estate company in the Middle East and North Africa region to get such a loan   Global lender HSBC has sanctioned a loan...

HSBC said its Navigator 2020 report showed 81 percent of companies in the UAE were expected to increase investment spending by end-2021 The funding is intended to drive UAE economy back on the path of growth In a big boost to companies in the United Arab Emirates, HSBC disclosed on...

Project aimed at mitigating climate change and driving socio-economic benefits such as eco-tourism and food security Bank has committed US$100 million for its global Climate Solutions Partnership  HSBC has announced it will provide funds to a coastal ecosystem project in the UAE as part of the bank’s US$100 million global...

  HSBC and Morgan Stanley feel growth will be driven by strong demand for larger homes The rally, both feel, would continue for many more years   HSBC and Morgan Stanley feel that the Dubai property market would retain its luster of being the most sought after property in the...

Buchanan has run Ogilvy's PR business in the UK since early 2019 He has worked with leading international brands including HSBC, Bacardi, Unilever and Coca-Cola Ogilvy PR has appointed Matt Buchanan as its new Global Head of Consumer PR.  Buchanan will report to Ogilvy PR’s Global CEO Julianna Richter and...