Lifestyle NEWS

HSBC remains steadfast in its commitment to help clients prosper this Lunar New Year

This social function highlights that the essence of the Chinese New Year is about spending time with the people who matter most in our lives—those we treat as family.

HSBC launches yet another milestone in its 147-year history in the Philippines.

In a conversation with Peter Faulhaber, HSBC’s Head of Wealth and Personal Banking for HSBC Philippines, shares how HSBC’s 147-year heritage and continued commitment in the Philippines, has enabled the bank to connect their retail customers with the rest of the world and how investing in technology has played an important role to adapting the changing needs of customers.

Celebrating the Chinese New Year online with HSBC.

One of the top financial institutions in the Philippines organized a theatrical performance to promote some of its services.

In line with the bold commitments of countries to the 26th Conference of the Parties on Climate Change (COP26), an innovative low-cost funding mechanism from multilateral agencies like the Asian Development Bank (ADB), to be complemented by private financing, would be needed to concretize the buy-out of legacy power plants or old thermal power fleets that may end up stranded as the world transitions to clean energy or renewables portfolio of investments. In a virtual briefing with Asian journalists, HSBC Chief ASEAN Economist Joseph Incalcaterra indicated that “there are some encouraging signs about innovative policies – one is being led by the ADB, and essentially using lower cost multilateral financing from donor-countries for example, to buy out coal power plants.”

British giant HSBC said the Bangko Sentral ng Pilipinas (BSP) will likely start raising its benchmark rate within the first quarter of 2022 and to increase it three times, bringing the current two percent policy rate to 2.75 percent by the end of next year.

Global bank HSBC is beefing up its lending portfolio for sustainability-anchored projects, including green energy technologies, that could help accelerate the fulfillment of the ‘net zero’ carbon emission goals enshrined under the Paris Agreement.

Glaiza de Castro couldn’t help but express disappointment over the “stress” that her “hacked” credit card has been given her. 

The central bank is expected to reduce banks’ reserve requirement (RR) ratio by 200 basis points (bps) this year but it will not likely lead to a pick up in lending activities, not when the COVID-19 virus and its emerging variants are still here, according to HSBC economists.

British bank HSBC (Hongkong  and Shanghai Banking Corp.) is marking 145 years of doing business in the Philippines and it intends to stay here for a much longer time as it helps the country cope with a global pandemic and promote sustainable recovery in a post-COVID-19 world.

The Bangko Sentral ng Pilipinas (BSP) is expected to keep the benchmark rate unchanged when it meets on November 19, the second to its last two Monetary Board policy meetings for the year.

NEW YORK (AFP) – Shares in major banks including HSBC, Deutsche Bank and JPMorgan Chase were hammered Monday following allegations they had handled huge sums of dirty money for almost 20 years.