HSBC shares dropped 6% after a surprise $400 million loss linked to the dramatic collapse of UK mortgage lender Market Financial Solutions (MFS). The impairment, …
HSBC announced that it is seeking to be a leading lender to venture capital firms. This move has been helped by the recent acquisition of Silicon Valley Bank
The rise of the challenger banks and the customer experience they have been offering has been one of the main points of disruption. Firms from all over the world exist to help resolve the question of tax compliance. TAINA can help banks
Every now and again, something happens in the banking sector that makes you amazed nobody is going to prison. Last week it was reported that the European Commission has fined four of the world’s largest banks for involvement in price fixing on the foreign exchange markets.
TAINA Technology, an award-winning regulatory technology company, has announced today that it is closing a substantial funding round, welcoming onboard Deutsche Bank and HSBC Asset Management’s Financial Technology Venture Capital Fund alongside its existing investors led by Anthemis.
HSBC reported its revenue was down 3% from 2020 to $37.6bn, last year the bank made over $50bn in revenue. HSBC also expects adjusted costs of approximately $32bn for 2021 and 2022, meaning they have a chance to beat the Cost:Income ratio that Barclays have generated.
HSBC and Oracle NetSuite, one of the leading cloud Enterprise Resource Planning (ERP) systems with over 27,000 customers worldwide, are working together to provide international payments and expense management services embedded into NetSuite’s new SuiteBanking solution.
“We’ve been around for 156 years bridging east and west. We still believe there’s a need to bridge east and west, from a corporate point of view and a trading point of view.”
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