Hong Kong regulator fines HSBC for regulatory breaches

14 Sep 2016 - Business Times Breaking News
[HONG KONG] Hong Kong's securities regulator said on Wednesday it fined and reprimanded HSBC for regulatory breaches and internal control failings related to its position in the futures and options contract market. HSBC was fined HK$2.5 million for failing to put in place adequate internal controls to ...
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Singapore: IDA, Merrill Lynch, HSBC partner to develop blockchain trade finance prototype

17 Aug 2016 - DealStreetAsia
Singapore’s Infocomm Development Authority (IDA), Bank of America Merrill Lynch and HSBC have developed a prototype trade finance solution based on blockchain technology. In an announcement on Wednesday, the partners shared that the blockchain solution digitises the sharing of information among exporters, ...
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HSBC completes transfer of business units to Singapore subsidiary

9 May 2016 - Channel NewsAsia
SINGAPORE: The Hongkong and Shanghai Banking Corp (HSBC) has completed the transfer of its retail banking and wealth management business in Singapore to a locally incorporated subsidiary, the bank announced on Monday (May 9). The subsidiary, HSBC Bank (Singapore), "holds a full bank license in Singapore ...
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Eastspring new CEO, HSBC's Ioannou quits, J. Safra Sarasin names Singapore lead

13 Apr 2016 - DealStreetAsia
There have been noteworthy movements at the top level of the Malaysian and Singapore private banking space, with firms like Eastspring, HSBC and J. Safra Sarasin announcing leadership changes for their regional operations. Eastspring Investments Bhd Malaysia has appointed a new chief executive officer, ...
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HSBC to locally incorporate its Singapore retail operations in May

5 Feb 2016 - Singapore Business Review
In order to follow new MAS regulations. HSBC will transfer its local retail banking and wealth management business, which is currently under the HSBC Singapore Branch, to a locally incorporated subsidiary, HSBC Bank (Singapore) Limited. The transfer of HSBC’s retail banking and wealth management business ...
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HSBC to transfer business units to Singapore-incorporated entity by May

5 Feb 2016 - Channel NewsAsia
SINGAPORE: The Hongkong and Shanghai Banking Corporation (HSBC) Singapore branch on Friday (Feb 5) announced its plans to transfer its Retail Banking and Wealth Management (RBWM) business units to a locally incorporated subsidiary by May 9. In a press release, the transfer of the business units to HSBC ...
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HSBC to incorporate its local operations in May

5 Feb 2016 - Singapore Business Review
In order to follow new MAS regulations. The Hongkong and Shanghai Banking Corporation revealed that it will incorporate its Singapore subsidiary in May. HSBC will transfer its local retail banking and wealth management business, which is currently under the HSBC Singapore Branch, to a locally incorporated ...
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HSBC to transfer Singapore retail, wealth arm to local subsidiary

4 Feb 2016 - DealStreetAsia
Europe’s biggest lender HSBC plans to transfer its Singapore retail and wealth management business to a locally incorporated subsidiary on May 9, the bank said on Friday. The move comes after HSBC was identified by Singapore’s central bank last year as one among seven banks which had a significant retail ...
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Singapore: HSBC reaches an agreement with China Fishery for removal of liquidators

26 Jan 2016 - DealStreetAsia
Fishmeal producer China Fishery Group, a subsidiary of Pacific Andes Resource Development, has reached an agreement with HSBC for termination of provisional liquidators. The bank had called in joint provisional liquidators on the company last year. As part of this agreement, HSBC is removing and terminating ...
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Another unscheduled monetary policy easing move is off the table: HSBC

20 Jan 2016 - Singapore Business Review
Conditions have to be extreme for another easing. The Monetary Authority of Singapore (MAS) is unlikely to surprise markets with another off-cycle easing move before its scheduled policy meeting in April, according to a report by HSBC. The MAS caught analysts off-guard when it suddenly eased policy at ...
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