HSBC pulling back from China credit card business

Exclusive: HSBC pulling back from China credit card business after struggling to expand
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.
HSBC Pulls Back Credit Card Business in China, Reuters Reports
HSBC Holdings Plc is pulling back from its credit card business in China, Reuters reported, citing unidentified sources.
HSBC winding down credit card business in China, Reuters reports
HSBC (HSBC) is pulling back from its credit card business in China eight years after its launch, as the company struggled to expand and make
HSBC to pull back from China credit card business; Switzerland charges Lombard Odier with money laundering
Swiss private bank Lombard Odier has been charged with aggravated money laundering by Switzerland’s federal prosecutor. In a filing on Friday, the prosecutor said the bank played a “decisive role” in concealing the illicit activities of Gulnara Karimova, the daughter of Uzbekistan’s late president, Islam Karimov.
HSBC pulls back credit card business in China: Reuters
China is a relatively small market for HSBC’s credit card business. The gross carrying amount in this segment was just US$287 million, or about 1% of the global total last year.
Exclusive - HSBC pulling back from China credit card business after struggling to expand, sources say
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.
HSBC’s Greater China Loan Syndications Head Anita So Retires
HSBC Holdings Plc’s head of loan syndications for Greater China, Anita So, is retiring after a 36-year career in banking, ...
Only a 'limited' number of companies likely to be affected by proposed U.S. tariffs on China: HSBC
Herald van der Linde, head of equity strategy for Asia-Pacific at HSBC, says while sentiment "will be bad," only a limited ...
The Telegraph on MSN13d
HSBC to sack hundreds of top bankers in scramble to cut costs
HSBC is to lay off hundreds of top bankers as bosses scramble to cut costs and slim down the sprawling organisation. Swathes ...
中国日报网13d
HSBC junior gold open finishes off in China
Winners of all four groups pose at the award ceremony after the final round of the HSBC China Junior Golf Open on Friday ...
Asia to drive global growth as ‘China plus one’ pivot gains momentum amid Trump’s return
Diverting investments from China to neighbouring economies as a hedge against tariffs and geopolitical risks will boost ...
HSBC sustainability chief leaves after executive committee role dropped
HSBC on Monday said Celine Herweijer has taken the decision to step down as group chief sustainability officer, weeks after a ...