In this news HSBC will sell its business in Argentina for US$550 million to Grupo Financiero Galicia and Banco Galicia, which will become the first private financial entity in the country and the second in size behind Banco Nación, as reported to the markets. this morning The operation includes the sale of all HSBC Argentina … Read more
He mortgage credit It will have growth between similar to 2023 and an increase of 5%, according to estimates by different leaders of the banking sector in Mexico. They expressed their opinion in the Mortgage Outlook Panel 2024 organized by Soc Advisors, one of the largest companies in brokers in Mexicothis is from advisors who … Read more
The asset management unit of HSBC Bank said that the United States will witness a slowdown in the fourth quarter, followed by a year of contraction and European recession in 2024. In its review of forecasts for the second half of this year, the Bank of England’s asset management said recession warnings were “flashing red” … Read more
HSBC executives met with a large group of investors in Hong Kong to pledge to maintain the dividend and fend off calls from local shareholders for a breakup. According to Bloomberg News, Du Jiaqi, chairman of HSBC Holdings, said again at a meeting held at the Kowloon Bay International Exhibition and Trade Center in Hong … Read more
The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the … Read more
Saving money in a bank is meant to be a reliable and secure way to store and save hard-earned funds. However, in recent years, Irish savers have been finding themselves caught in a frustrating position. With interest rates at historic lows, many savers are struggling to find ways to make their money grow while also … Read more
Jakarta – Europe’s largest bank HSBC will buy branches Silicon Valley Bank (SVB) in England. This was done to secure customer deposits following the bankruptcy of its parent company in the United States (US). Reported from CNN Business, Tuesday (14/3/2023), HSBC announced a purchase agreement worth 1 pound sterling or the equivalent of IDR 18,667. … Read more